What are the benefits of having a home warranty?, Property buying advice, Real estate guide

What are the Benefits of having a Home Warranty?

19 June 2022

If you are a first-time homebuyer, you may wonder whether you should take a home warranty seriously. After all, this sounds like an extra expense in your home-buying budget. Is it that necessary to have it in the first place?

Many benefits come with having a valid home warranty. In this article, you are about to discover why you should ensure your real estate agent avails of a home warranty when buying your first home.

1 – Protect your Home Investment

A home is a lifetime investment to most people. If you are buying a place to live for the rest of your life, you want to be sure you are investing in a secured property. That means the property should have a warranty to protect your savings.

With a home warranty, you won’t be spending money on frequent repairs. Also, you don’t need an emergency fund for any emerging situations in your home, like roof leaks, missing shingles, broken faucets, etc.

2 – Saves you Valuable Time

Time means a lot if you’re investing in property. And having a home warranty saves you this valuable time. In most cases, essential home appliances like HVAC systems will only break down when you are running low on cash. You end up borrowing from friends or scrambling to find a professional to fix the appliances in your home.

When your home has a warranty cover, you will simply make a call, and someone will be at your doorstep to fix the appliance breakdowns. This is a major benefit of home warranty to most homebuyers.

3 – It makes you Feel Safe

The ultimate reason for buying a home is to provide shelter and security to your family. It’s a dream for every homeowner to be safe at home, and a home warranty offers this for you. A valid home warranty will cover things like the safety of your home appliances and the cost of things like carbon monoxide detectors, fire extinguishers, and smoke alarms.

If you notice issues with your home appliances, your warranty company will send you an expert to inspect and fix them all. You can check here to learn more about existing home warranty.

4 – Add Value to your Home

Are you planning to sell your home this summer? Well, a warranty can make the bargain easy for you. Offering a home warranty is an attractive selling point for any potential homebuyer.

A home warranty assures the homebuyer that they won’t spend on the immediate costs of repairing the home in case anything goes wrong. Including a home warranty in your sales makes your listing more appealing and can help you make the sale fast.

5 – Vital for Older Homes

An older home may have aging systems and appliances prone to breakdowns. If you own an older home, a warranty is important to cover the older appliances in your property.

A warranty will extend the lifespan of your appliances and aging system by addressing immediate repair and maintenance.

Final Thoughts

A home warranty is important if you are buying or selling your home. The benefits include added value to the home and protection for home appliances. You should research widely when looking for a specific home warranty.

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