A home warranty might be worth looking into if you are purchasing a new home, especially in this current real estate market when many buyers are waiving their inspection contingency. When you waive your inspection there are many things that the home could need that are not easy to see while just walking through. A home warranty can help in the case of unexpected damages or repairs that the home might need. Things such as plumbing, electrical, or structural deficiencies can become very costly. A home warranty can help alleviate some of these expensive burdens.
Whether you are buying a new home or selling your current one, here are five reasons why you should consider purchasing a home warranty for your home.
1. Save Money.
The number one reason why it is smart to get a home warranty is because it can save you money on repairs and replacements. Home warranties work like health insurance, you hope that you never have to use it, but it is there to help with expenses when you do need it. Home repairs can cost a small fortune, and with a home warranty you could potentially save hundreds of dollars by only paying a service charge and your provider picks up the rest of the tab.
2. Help With Contractors.
Finding reputable contractors can be a nightmare. Home warranty companies already have relationships in place with all kinds of services and can recommend someone in your area to help with the repairs that you need. They will provide you with a list of approved companies. This can save you the time and headache that it would take if you were to start calling places on your own.
3. Value Added.
If you are selling your home, you might want to consider throwing a home warranty in to sweeten the deal. If a buyer knows you have a home warranty in place, they might be more likely to purchase your home. It gives them peace of mind that if all repairs are not up to date, they will be taken care of.
4. Peace Of Mind.
Peace of mind is priceless. Nothing is worse than when an unexpected cost pops up or when an expensive appliance breaks down. With the home warranty in place you will not have to stress about money if or when somethings comes up.
5. No Hidden Fees.
When using your home warranty plan you know what the cost is going to be up front. These are usually one time fee purchases and when a repair comes up you should only have to pay the cost of your service fee (and possibly parts). No hidden fees should be associated with the use of it.
The key thing to remember when it comes to home warranties is everyone’s warranty plan and provider is different. So, when it comes to your own home you will want to check out what is covered under your plan and provider. If you do not already have a home warranty it is not too late to invest in one, they are able to be added to a new home, existing home, or rental properties. If you need a recommendation, give me a call!
