Designing Your Own Home Saves You Money

Building a new home is an exciting prospect; from implementing your favorite residential design trends to choosing the colors, flooring, cabinetry, and more, it will have your image stamped all over it. But you probably never thought you could save money investing in a newly built home as opposed to buying a used home, did you? Many people simply look at the upfront money spent, but there are other factors to consider, as well. Let’s look at 3 ways you save money building a new home instead of purchasing a used one.

Savings on maintenance and repairs

  • New home maintenance costs are on average only $25 a month, while used homes are generally $100 a month to maintain.
  • The time spent on used home repair and maintenance has a value too, although only you can determine what your time is worth. It’s estimated the average time spent on used home issues is 49 hours per year.
  • So far this year, homeowners have spent approximately $317,356,514 on repairs and maintenance as compared to those of newly built homes.

New equipment / Warranty

  • New homes come with warranties on everything in the home. Roofing, hot water heaters, furnaces, A/C units, and all the major appliances are covered. When purchasing a home that is used there’s no guarantee how long the older equipment will hold up. The price to replace any of these items ranges between $2,500 - $5,000.

Energy savings

Newer homes are built more efficiently than ones in the past in several ways, so expect to see savings. Here are some of the benefits you’ll reap from newer home construction:

  • Newer homes are 30% more efficient. One reason is newer windows are made with multiple panes instead of the single panes as in the past. This keeps the cold air out in the winter and hot air out in the summer, saving you on both your heating and cooling costs.
  • Some new homes boast solar panels, sky lighting, and other “green” features, adding to the efficiency.

With Ascent Builders, it's easy to see why building your dream home can become a reality. If you would like more information on new homes or any home construction project, please contact us today!