If you’re in the market to buy (or even sell) a home, here’s why you’ll want to get a home warranty.
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If you’re a homeowner or are planning to be, you’ll want to educate yourself about home warranties. Not homeowners insurance—that’s completely different. Today I’ll share a few key points you need to know about what home warranties are and how they’ll protect your investment once you buy a home.
How do they work? Well, if something that your warranty covers breaks down, you simply contact your home warranty provider to have them send someone out to fix it.
Most of my first-time home buying clients get a home warranty because they’re so used to having to call a maintenance technician to take care of their repairs. Home warranties cover the costs of repairs for things like appliances, electrical, plumbing, and in some cases, the roof. Some home warranties will allow you to pick your own contractor to come and do your repairs.
“Sellers can purchase warranties for their homes to cover the property for the time that the home is listed.”
Bear in mind that warranties are optional. You pay a set amount each year that can be paid monthly or annually, and you do have a deductible for each time you call them and for each item you have repaired.
Home warranties aren’t just for buyers—sellers can purchase warranties for their homes to cover the property for the time that the home is listed.
If you’d like to learn more about home warranties, don’t hesitate to reach out to us. We’d love to hear from you.