Downsize Your Home or Rent It Out: What's Best for You?

Downsize Your Home or Rent It Out: What's Best for You?

For example, if you stay in the same neighborhood, your property taxes might drop once you downsize, as might your insurance costs. Say you're sitting on excess space because your adult children have moved out. Well, if you're able to take in $1,200 in rent every month, you'll actually come out ahead financially by virtue of having a tenant.