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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. Miami metro downsizers were 5th on the list for savings.

MIAMI – 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.

Such savings are even higher in some markets, according to StorageCafe, which looked at such factors as property taxes over 10 years and closing costs for selling and buying both properties.

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Our Associates write often to give you the latest insights on owning a home or property in the Southeast Florida area.