Smaller Space, Bigger Savings
Though the process isn’t without pitfalls, downsizing is a go-to strategy for empty-nesters who want to save more for retirement — or anyone who’s simply eager to streamline their life (and budget). But where will trading down save you the most? StorageCafe looked at the nation’s 20 most populous metro areas to get an idea. The analysis compared the average values of a four-bedroom house and a two-bedroom house in those areas, then factored in both closing costs and tax savings over a period of 10 years to give a fuller picture of downsizing savings.