September 10, 2026
Cost Savings of Buying New
What’s Inside Your New WPG Home? Serious Savings.
Choosing to purchase a new home is more than an exciting investment, it is a wise way to mitigate considerable future costs, like insurance premiums, expensive repairs, and full-scale retrofits. On top of the fact that the upfront price of a brand-new home is often lower than a used one, the true cost of ownership makes the case of buying new even more compelling. Let’s break down where buying new can deliver significant savings compared to a resale home.
New Home Insurance Premiums Cost Up to 38% Less
According to recent research conducted by Insurify, the average annual insurance premium for a newly built home is 35 percent lower than the insurance premium for a 20-year-old home. This means buyers who purchase a new home can expect to enjoy approximately $1,002 in annual savings. What’s more, when the insurance premiums of new homes are compared with 40-year-old homes (the median age of most U.S. homes), premiums for a new home are 38 percent lower, which means new home buyers gain $1,120 in annual savings on their insurance.
The Financial Sense of a Fresh Start
The wonderful thing about buying a new home is that everything inside and out is new. Unlike older homes, the windows, roof and gutters are new, and the plumbing and electrical systems are not only new, but built according to modern safety standards and building codes. Major appliances and HVAC systems also boast that new home shine, and most come with general warranties, as well as the option to extend those warranties, resulting in long-term savings, peace of mind, and an ever-growing stack of new-home discounts applied to your annual insurance premiums.
New Home Buyers Save $25K+ in the First 10 Years of Ownership
In studying the cost differentials between old and new homes, Joel Berner, a Senior Economic Research Analyst for Realtor.com, found that, “A buyer of a new home can expect to save an average of $25,335 over the first 10 years of ownership compared to the buyer of a 20-year-old home.”
One of the top reasons Berner gives for new home buyers reaping these benefits is the many energy conservation measures now built into new homes that greatly reduce energy usage. High-efficiency HVAC units, modern insulation, Low-E windows, Energy STAR appliances, and smart controls for lighting and thermostats offer more than high-tech sophistication and modern convenience. Collectively, the energy and money they save adds up quickly.
Another reason Berner maintains that new home buyers enjoy the security of more savings and more predictable monthly spending is because their likelihood of having to pay to replace a major system, such as the roof, HVAC unit, or windows is practically nonexistent. In contrast, buyers who purchase older homes need to have access to a sizeable liquid cash cushion (a.k.a. emergency fund) to handle the inevitable repairs that crop up, like a failed water heater, roof leak, or faulty HVAC system.
It's Good to Be Prepared
Another hidden benefit of buying a new home is the fact that the phrase “move-in ready” means more than a home that is freshly painted, clean, and available to occupy now. The homes WPG builds are designed to accommodate the highly connected lifestyles of modern homebuyers, from pre-wiring for high-speed internet and smart home automations, to outlets prepped for EV charging stations. To retrofit an older home with the level of convenience and seamless technology infrastructure that WPG offers, a homeowner would have to tear into their walls, pay contractor and worker fees, and more than likely pay for permits and inspections.
See What’s New
There’s something special about being the first to call a home your own. Add in the savings that come with owning a new WPG home, and you'll have even more to feel good about. Explore our communities, tour our model homes, and discover all the advantages of starting fresh with WPG today.
