Hoping to buy a brand-new place to call home? It’s going to cost you, according to a new study.
The difference between the median price of a newly constructed house versus an existing property in the Salt Lake City metro area is just over $10,000 — $551,391 for a home that’s just been built compared to $541,370 for one that’s already been lived in.
Nationwide, that gap is much bigger. The price tag is more than $42,000 higher for a new house, based on a U.S. median price of $429,993 for new construction and $387,817 for an existing home…