If you’re in the market for a new build, you may be attracted to the modern floor plans, state-of-the-art technology, and resort-style amenities many of them offer. But you might not realize that there are financial benefits to buying new construction.

A recent report from Realtor.com found that buyers of newly built homes save an average of $25,335 over the first 10 years of ownership compared to buyers of 20-year-old homes. Those savings are even greater in Massachusetts, which topped the state-by-state list at savings of $38,927 over 10 years, due to the state’s strict building codes and harsh winters. Neighboring New Hampshire, Maine, Rhode Island, and Vermont rounded out the top five.

But in Greater Boston, where much of the new-home inventory consists of luxury condominiums, buyers still have to balance those long-term savings with higher upfront purchase prices and steep condominium association assessments.

Ryan J. Glass, vice president of Gibson Sotheby’s International Realty in Boston, said that in the first quarter of 2026, luxury full-service buildings citywide averaged approximately $1,698 per square foot, while many of Boston’s historic brownstone neighborhoods generally landed in the $1,200- to $1,500-per-square-foot range. That means that a buyer with a $3 million budget may be looking at 1,750 to 1,800 square feet in a new luxury tower compared to 2,200 to 2,400 square feet in a comparable renovated brownstone, he said.

Ellyn Hartmayer, 60, and her husband, John Hartmayer, 58, looked at more than 75 properties — both new construction and existing — before purchasing a 2,875-square-foot Back Bay condominium for $3.25 million in May. The unit has three bedrooms, three bathrooms, and a private terrace with views of the Charles River Esplanade. It’s located in a 10-unit building that was constructed in 1950. While the couple initially considered buying a new unit in a luxury high-rise because of the modern amenities, they “became increasingly focused on where the best long-term value was,” Ellyn said Hartmayer. After a lengthy search, they found a unique property in the Back Bay that offered everything they wanted: single-level living, extra space for their children to visit, elevator access, garage parking, and private outdoor space.

“The combination of a prime location, square footage, value, and potential ultimately outweighed the appeal of a newer building,” said Ellyn Hartmayer.

In Massachusetts, the median price of a new-build is 46.7 percent more than the median price of an existing home, according to Joel Berner, Realtor.com’s senior economist.

“If you buy a new home in Massachusetts, you’ll recoup savings over time because of the harsh climate and building codes,” Berner said. “But you will have spent so much more upfront that it may or may not actually break even.”

Builder concessions can even the playing field. According to a recent survey by the National Association of Home Builders, 64 percent of builders offered sales incentives, and 37 percent actually cut new-construction prices. Many are offering buydowns on mortgage rates as well.

“If you can only afford a $500,000 existing home, maybe in the new construction space, with the 10-year savings, builder concessions, and a mortgage rate buydown, you can afford $575,000,” said Berner. “Don’t just look at the sticker price. Look at your long-term monthly cash flow, and potentially you might have more wiggle room in your budget for new construction than you thought.”

Glass tells his buyer clients the same thing. “Consider which property is the better value for your budget, as well as the location,” he said. “Sometimes a market is saturated with new construction, so you can get a better deal on it. Other times, new construction is hard to find, and you can’t get as good a deal as you could on existing construction. Keep your options open.”

Some buyers also feel that the higher price of new buildings is justified by things like a concierge, a fitness center, or valet parking, Glass added.

Indeed, a newly built home offers some advantages:

It’s move-in ready. It’s new and has never been lived in. You’ll have new fixtures, new appliances, and you’ll receive a builder’s warranty to protect you, and won’t need major repairs for several years. “Today’s new homes are built better than ever,” said Ryan O’Rourke, division president for luxury homebuilder Toll Brothers in Massachusetts.

It will be built to the latest building code and will be more energy-efficient than an older home.

The insurance will cost less, assuming you don’t purchase on Cape Cod or another coastal area. “New homes have brand-new roofs, electrical systems, plumbing, HVAC equipment, and other major components that are less likely to fail and generate claims,” said Loretta L. Worters, vice president of the Insurance Information Institute. “By contrast, older homes may have aging roofs, outdated wiring, older plumbing systems, or deferred maintenance issues that increase the likelihood of claims and can result in higher premiums.”

Newer homes come with modern floor plans. Older homes can be dark with small rooms, while new construction will reflect current design trends (like open floor plans and kitchens with large islands) and the way people live now.

You can make it your own. Builders usually give buyers the opportunity to customize their new homes, choosing everything from the model and lot it sits on to cabinets, countertops, flooring, and appliances.

Robyn A. Friedman is an award-winning freelance writer who has covered real estate and personal finance for over two decades. Follow her @robynafriedman.

New Hampshire Gov. Kelly Ayotte has signed legislation requiring public school employees to disclose information about transgender students to their parents or legal guardians, reversing a 2024 state Supreme Court ruling that upheld students’ privacy rights in certain circumstances.

Ayotte’s office announced on 2 July that the legislation had been signed into law. Under SB 430, educators must respond to written requests from parents for “material information” about their child, even if a student has asked that the information be kept confidential or fears negative consequences at home.

Supporters of the legislation, such as Republican state Senator Tim Lang, argue the measure strengthens parental rights and enables families to better support children who may be struggling. “If you don’t tell the parent, the parent can’t watch for the signs of self-harm,” Lang told New Hampshire Public Radio.

Educators and LGBTQ+ advocates, however, say the law places teachers in an impossible position by forcing them to choose between complying with the law and protecting vulnerable students. Megan Tuttle, president of NEA-New Hampshire, the state’s largest teachers’ union, said in a statement that the legislation is “vaguely written and risks putting educators in a position of outing a student.” She added that schools should remain places where every student feels “safe, seen, and free to be themselves.”

Aimee Terravechia, executive director of LGBTQ+ advocacy group 603 Equality, warned the law could erode trust between students and educators while speaking with New Hampshire Public Radio. “Schools should be a place of learning… and a place of critical self-examination,” she said. “Placing educators into a role of monitoring and reporting removes the trust necessary for a thriving academic environment.”

The legislation also effectively overturns a 2024 New Hampshire Supreme Court decision, in which justices ruled that keeping a student’s gender identity confidential did not unlawfully interfere with parents’ rights, noting that parents still retained numerous ways to support and communicate with their children outside the classroom.

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PHILADELPHIA (WPVI) — There are 25 new Freedom Fuel Network gas stations opening across the Philadelphia area and South Jersey as Americans closely watch gas prices.

This comes after President Trump announced the privately-owned network on social media last week, saying it will help drivers save money at the pump.

The first location in Dresher, Montgomery County, opened on Friday, with the price of $3.47 per gallon.

This cost was a nod to President Trump serving as the nation’s 47th president.

However, that price has already started to rise after the president announced new U.S. strikes, sending oil and gas prices higher.

Some of those locations with gas stations participating in the Freedom Fuel Network include Lansdowne, Bensalem and Pottstown in Pennsylvania; and Marlton in New Jersey.

Gas Calculator: Find out how much it costs to fill your tank

A White House official told ABC News the administration is not involved with the company and is not providing any funding or subsidies.

Instead, the company says it is cutting its own profit margins to offer lower prices.

Some drivers are applauding this move while others, including gas analysts, are skeptical.

“$3.47 a gallon is a Godsend, honestly,” said one consumer. “Great price because this was a Sunoco before and prices were a lot higher.”

“I want Americans to be asking, ‘Where is that money coming from? Why are corporations and businesses willing to subsidize gas 50-cents a gallon for people, to make President Trump look good,” said another consumer.

Trump is also encouraging other gas retailers to lower their prices. He has not identified the company behind Freedom Fuel, saying only that it’s a private retailer.

Action News is still working to learn how long these lower prices will last and whether more stations will open.