For years, many buyers assumed purchasing an older home was the more affordable option simply because the sticker price was lower.
But new research from Realtor.com is challenging that assumption in a big way.
According to a recent Realtor.com report, buyers of new construction homes can save an average of $25,335 over 10 years compared to buyers of a 20-year-old home thanks to lower utility costs, fewer repairs, and reduced maintenance expenses. In some markets, those savings are even higher....like here in Oklahoma where the average savings is $28,082 over 10 years!
As Realtor.com Senior Economist Joel Berner explained:
“The real story here is that choosing new construction expands a buyer's budget.”
And honestly? We see this happen with Simmons Homes buyers all the time.
The monthly savings from lower energy bills, fewer surprise repairs, builder warranties, and interest rate incentives often make a brand-new home a smarter long-term financial decision than buying an older resale home.
An older home may look less expensive upfront, but many buyers don’t realize how quickly ongoing costs can add up.
Things like aging HVAC systems, outdated windows, poor insulation, and worn-out roofing can quietly drain your budget month after month.
Here are just a few areas where new construction can save homeowners money:
New homes are built with modern energy-efficient materials and systems that dramatically reduce monthly utility costs.
At Simmons Homes, every home is built to ENERGY STAR certification standards and designed for exceptional efficiency with:
That means lower heating and cooling costs year-round and long-term savings that continue month after month.
One of the biggest financial advantages of buying new construction is avoiding expensive surprise repairs.
With an older home, buyers may face costs like:
New homes come with brand-new systems, appliances, and builder warranties that provide peace of mind and significantly reduce out-of-pocket expenses during the first several years of ownership.
As the Realtor.com article noted:
“The true cost of ownership is tied to the condition and life span of the infrastructure behind the walls.”
This is where buying new construction can become even more powerful financially.
Many builders today — including Simmons Homes — offer incentives that can substantially lower monthly mortgage payments.
Right now, Simmons Homes is leading the way with $20,000 in incentives that buyers can use toward:
Even a modest rate reduction can create enormous long-term savings.
For example, Realtor.com found that buyers who secure mortgage rates just 1% lower than standard market rates can save roughly:
That’s real money staying in your pocket every single month.
Take a look at how the Simmons Homes $20,000 Incentive makes those national figures event better:
When you buy a new Simmons home, you’re not inheriting someone else’s deferred maintenance.
You’re starting fresh with:
That predictability matters — especially for first-time buyers or families trying to budget confidently.
A resale home may appear cheaper at first glance, but the total cost of ownership tells a very different story.
Between:
…a new construction home can actually cost less over time while providing greater comfort, reliability, and peace of mind.
At Simmons Homes, we believe your home should work for your budget today AND years down the road.
If you’d like to learn more about energy-efficient new homes or current incentives available, our team would love to help. Preslee is available anytime, 918-212-8797 or info@simmonshomes.com
