Saving for a home isn’t age dependent and when children understand the value of investing in homeownership, their financial future is often more secure. Youth Day discussions on homeownership highlight how early exposure to these ideas can shape lifelong outcomes.
According to Habitat for Humanity, decent, affordable housing is directly linked to a child’s well-being and prospects. Children raised in poor-quality homes may face lasting health and emotional challenges, while those in safe, stable environments often thrive — and aspire to something better as adults.
Teaching the value of saving from a young age
Because young minds absorb information quickly, it’s wise to introduce the concept of homeownership — and the value of saving — as early as age five. Tailored to a child’s developmental stage, this guidance can cover:
- Budgeting basics
- Delayed gratification
- Responsible spending
- Short vs. long-term savings
Parents play a key role here. As Pearl Scheltema, CEO of Fitzanne Estates, explains: “Start the conversation early. Teach them why owning is often better than renting, how to save for a deposit, and how credit scores affect bond approvals.”
Setting an example through your own journey
Teenagers often don’t grasp the true cost of living — unless encouraged to earn or contribute. Many parents use their own financial stories to educate children on the realities of homeownership.
The goal? To raise financially literate adults who can confidently navigate the property world.
Scheltema emphasises: “It’s not just about getting onto the property ladder, it’s about doing so smartly. By youth stage (ages 15–34), young people should understand investment potential, hidden costs like levies and rates, and the long-term responsibilities that come with owning a home.”
Should property literacy be taught in schools?
Absolutely, says Scheltema — and with industry partnerships. Schools could introduce:
How home loans and interest rates work
What transfer costs and bond registration fees are
What owning in a complex or sectional title scheme involves
This kind of financial education equips students with real-world tools that serve them beyond the classroom.
Renting is a smart strategy
Post-school, many young adults embrace a nomadic lifestyle and prefer renting. That’s normal. But they still need to understand how landlords calculate rent, how utilities work, and what rights tenants have. Rental knowledge is just as important as homeownership planning.
As they gain financial stability, many young people shift gears — preferring to buy a sectional title unit for either residence or investment. It's a smart move that builds wealth over time.
Parental support — financial and otherwise
It’s increasingly common for parents to assist their children by:
Paying a deposit
Co-signing a bond
Buying a first property in their name
While helpful, this comes with risks. As Scheltema warns: “Just because a bond is approved doesn’t mean it’s affordable. Parents must avoid overextending themselves and make sure their children understand all associated costs — from insurance to maintenance.”
Long-term empowerment matters more than handouts
The most powerful gift a parent can give is knowledge. Teaching kids to make informed decisions ensures they’re not just buying property — they’re building financial stability and freedom.
