How You Can Benefit From A Home Warranty As A Home Buyer

Posted on: 27 September 2017

A home warranty is a service contract that protects you from the malfunctions and breakdowns that your home's major appliances and systems may experience within a given period. It is especially popular with home buyers since they don't know the conditions of the properties they are getting. If you are buying a home, here are some of the ways a home warranty may benefit you:

It May Save You Thousands of Dollars

Buying a home is an expensive process; apart from the actual cost of the house, you also need to take care of other expenses such as closing costs, property taxes, and home insurance premiums, among others. You don't want to pay for all these things only to realize a few months later that you need a few thousands of dollars more to take care of a malfunctioning heating system. Having a home warranty ensures that won't be the case with your new home.

You Don't Have To Look For Technicians

When a covered system or appliance breaks down in your house, you don't have to look for a technician to handle the repair or the replacement. You just contact the warranty company, pay the deductible, and the company will send out a technician to handle the repair/replacement.

This can be a great advantage if you have just settled in an area and don't have a working relationship with technicians in the area. Maybe you don't even know how to identify the right contractors who will charge you fairly and give you good service.

 It Gives You Peace of Mind

If you have lived in a house for a long time then you have probably come to understand its issues and strengths. You know that the dishwasher is in great shape even though it looks old and you also know that the plumbing system can handle the holiday load (when your household number swells).

You won't have the same knowledge and reassurance when buying a new house. A major appliance or system that breaks down soon after purchase can cost you thousands of dollars; this is money you didn't plan for and may not even have. If you have a home warranty, you don't have to risk living with bad plumbing because the system is malfunctioning and you don't have the money.

Sellers understand these benefits, which is why some of them will throw in a home warranty when putting their property on the market. It doesn't hurt to ask for a home warranty or look for listings with the same when hunting for a property. Contact a real estate agency, like Mckee Kubasko Group Real Estate, for more help.