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How to save money by building new | NAHB explains why new homes cost less

Posted by Penny Hull on Wed, May 09, 2012 @ 12:05 PM

New Homes Cost Less to Maintain Every Month

NAHB's Data Analysis Shows Cost Savings When Building New

How to save money by building new | NAHB explains why new homes cost less

 

Why should I build a new home instead of buying an existing one? As you start to think about buying a home, you should know all the costs involved - not just the upfront price tag.

A recent article released by the National Association of Home Builders (NAHB) re-emphasizes the cost disparities between new and used. Read the full NAHB article here.

New Homes Save Money

According to the NAHB, newly built homes (home built within the last four years) will save buyers money in monthly energy and maintenance costs.

The NAHB studied data from the 2009 American Housing Survey.

Analysis of maintenance costs found:How to save money by building new | NAHB explains why new homes cost less

 - 26% of all home owners spent $100 or more per month on various routine maintenance costs

 - Only 11% of home owners of newly constructed homes spent $100 or more on upkeep costs

 - 73% of new home owners spent less than $25 a month on routine maintenance costs

Analysis of energy costs found: 

  - The average home owner spent 78 cents per square foot* per year on electricity

 - Owners of new homes spent 65 cents per square foot per year

For homes with piped gas,

 - Overall, owners spent an average of 53 cents per square foot per year

 - Owners of new homes spent 38 cents per square foot per year

*on a median per-square-foot-basis

More Reasons to Build a New Home

There are dozens of reasons to build a new home, over buying an existing one:

How to save money by building new | NAHB explains why new homes cost less

 - New home warranties - on the home, appliances, and other products within the home

 - Custom floor plan design to meet your needs - don't want to use square footage on a formal dining? That's your choice when building new.

 - New appliances, built to last!

 - Universal design feature integration

 - Current lifestyle needs are met - more built-in storage, easy to clean floors, strategic lighting

Contact Stanton Homes to learn more about building a new custom home in central North Carolina.

Read more about the advantages of building a new home:

Top 10 Reasons to Build a Home Instead of Buying an Existing Home

Choosing New Over Used - Home Buying Tips

 

Tags: why buy a new home, new home cost, how to save money, Raleigh new home building