3 Reasons to Consider a Home Warranty

3 Reasons you Should Consider a Home Warranty During your Home Purchase

Congratulations on purchasing your new home! Or maybe you’re about to write an Offer on your dream house, you might consider adding a Home Warranty for this purchase. This is an exciting time in your life, but also a time to start thinking about how you can protect your investment. One way to do that is by purchasing a home warranty. Now, you may be wondering, what exactly is a home warranty? Don’t worry, I’m here to break it down for you.

What is a Home Warranty? 

A home warranty is essentially a service contract that covers the repair or replacement of major home systems and appliances due to normal wear and tear. This includes things like your heating and cooling system, plumbing, electrical, kitchen appliances, and more. Think of it as a safety net that can help you avoid unexpected repair bills and give you peace of mind.

Don’t forget to ask your favorite real estate professional if they have a service plan they recommend! 

Now, I know what you might be thinking. “I just bought a new home, everything should be working perfectly fine!” While that may be true, even new appliances and systems can malfunction or break down over time (and almost always when you least expect it!). Plus, you never know when a random lightning strike or power surge could cause damage to your electronics. That’s where a home warranty comes in handy.

Here are some of the reasons why having a home warranty is important:

1. It can save you money: With a home warranty, you’ll only have to pay a service fee for covered repairs, instead of the full cost of the repair or replacement. This can add up to significant savings over time.
2. It can make repairs easier: If something does break down, you don’t have to worry about finding a reputable repair company or negotiating the cost of repairs. Your home warranty provider will handle all of that for you.
3. It can increase the value of your home: If you decide to sell your home in the future, having a home warranty can be an attractive selling point to potential buyers if you have one. It shows that you have taken care of your home and are willing to protect their investment as well.

I recommend that anytime you purchase a ‘new to you’ home, it is always to your benefit as a Buyer and provides some peace of mind during this huge purchase. If you have a brand new home or have recently replaced all of your appliances and systems, you may not need one. However, if you’re like most homeowners and want to protect your investment and avoid unexpected repair bills, a home warranty is definitely worth having.

A home warranty may not be the most exciting thing to think about when you’re buying a new home, but it can certainly help you sleep better at night knowing that you’re covered in case of a major repair. Happy home-owning!