Tag Archives: Study: Buyers Can Afford Bigger House If It’s New

The National Association of Home Builders says its new study shows that home buyers can buy a more expensive, newer house and still have the same operating costs as owning an older existing home. NAHB examined data from the Census Bureau and Department of Housing and Urban Development’s 2011 American Housing Survey to determine how utility, maintenance, property tax, and insurance costs vary depending on the age of a home. Houses built prior to 1960 have average maintenance costs of $564 per year. On the other hand, homes built after […]