New Homes are Less Expensive to Maintain

April is new homes month. And one of the virtues of a newly constructed home is the savings that come from reduced energy and maintenance expenses.

Data from the 2009 American Housing Survey (AHS) offer proof. The AHS classifies new construction as homes no more than four years old.

For example, for routine maintenance expenses, 26% of all homeowners spent $100 or more a month on various upkeep costs. However, only 11%  of owners of newly constructed homes spent this amount. In fact, 73% of new homeowners spent less than $25 a month on routine maintenance costs.

Similar findings are available for energy expenses. On a median per square foot basis, homeowners 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, homeowners spent on average 53 cents per square foot per year. Owners of new homes spent 38 cents per square foot per year.

These data highlight that a new home offers savings over the life of ownership due to reduced operating costs. This is one of the many reasons that the current system of appraisals needs updating to reflect the flow of benefits that come from features in a new home.



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30 replies

  1. Reblogged this on Park Square Homes and commented:
    A great look at new home expenses in terms of maintenance!

  2. Great article! We will be sure to share this with our potential buyers.

  3. That’s the same thing with CARS. Better gas mileage and no maintenance when they are brand new vs. older, high mileage cars…

  4. excellent information, we’ve been preaching this for years; great to have third party confirmation.

  5. A better deal than a Chevy. Volt
    Lasts longer and it’s yours

  6. In addition to the maintenance and utilities being lower, most insurance companies give a large discount for newer construction. The chances of a loss from pipe burst or electrical fire is less.

  7. In addition to lower maintenance and utility costs, the homeowners insurance is is usually discounted for newer homes!

  8. Hello, I too have the same opinion, new homes are less expensive to maintain as they are newly built and all the accessories and equipments are brand new. One more advantage of new homes is that home warranties are offered by manufacturers and it is a profit part for a buyer.

  9. Nice Blog,One of the virtues of a newly constructed home is the savings that come from reduced energy and maintenance expenses.

  10. Thank you ! it help me alot to build my dream home with low expense. We are also in the same field.For more information visit our website

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