​The dream of homeownership feels more out of reach than ever for young adults. With rising home prices, bidding wars, and interest rates, many parents are left wondering how to help their kids achieve this milestone without sacrificing their own financial futures.

Shelley Bailey and her husband Kerry found a brilliant solution. In 2017, they sold their city home and moved to a country property, starting Baileys Barn—a multi-generational hobby farm where their animals are pets, not bred, milked, or eaten. (Follow them on Facebook and Instagram)

When their son got engaged, they purchased a property with a self-contained apartment for him and his fiancée. Over five years, Shelley and Kerry funded the purchase and renovations, while the young couple contributed 25% of household expenses. At the end of the term, the home was reappraised, and 25% of the earned equity was gifted to their son as a down payment.

This approach gave their children the financial boost they needed while turning renovation efforts into a family investment.

Thinking Outside the Box

While not everyone can replicate this exact plan, Shelley’s story highlights the importance of creative thinking. Co-buying, building rental suites, or setting up savings matches are all possible solutions.

Helping your children buy their first home might just be the greatest gift you can give them.

Learn why Shelley and Kerry moved from Whitby to a country fixer upper. 

Thinking of doing something similar for your children?
Let’s explore creative solutions together! Contact me today to discuss how we can help your family achieve homeownership goals while meeting your own dreams too.