How Much Can You Save By Downsizing?
How Much Can You Save by Downsizing? It Depends
In the biggest 20 U.S. metros, you could save an average of $194K going from a 4-bedroom to a 2-bedroom home.
As property values continue to rise, homeowners looking to downsize can save varying amounts based on where they live.
A new StorageCafe study found homeowners in the 20 largest U.S. metros could save $194,000 when downsizing from a four-bedroom home to a two-bedroom home.
In South Florida, downsizers in Miami-Fort Lauderdale-Pompano Beach ranked fifth on the list for savings.
Downsizing in the city of Miami could save homeowners about $160,000, while Fort Lauderdale homeowners could save $364,000.