To get a home warranty or not? | The Texas Living Realty Group
With home ownership comes … home ownership responsibilities…
The water heater is out
The AC doesnt seem to running as strong
I think something is wrong with my stove..
The list can go on and on.
What if I told you there was something out there that could help ease your mind when it comes to common but sometimes costly repairs in your new home…
This is called a home warranty.
And it can be put into effect if youre just about to close on your new home or you’ve been in your home for 3, 7 or even 15 years.
Now taking a look at the national average costs to replace some major home systems:
- Central air conditioner: $3,803 – $7,604
- Furnace: $2,801 – $6,762
- Water heater: 831 – $1651
- Appliance repair: $106 – $243
a home warranty can more than pay for itself. Especially if you dont have the extra funds stashed away for the rainy days!
However not every home is the same… so when do you really need a home warranty, when should skip one ?
If you’re buying a previously owned home, you might want to consider getting a home warranty, and one from a reputable company, [make sure to do your research and ask your Realtor for recommendations] You will also want to make sure you understand the terms and conditions of the home warranty..
-how long the coverage lasts
- what it will and will not cover.
-What charges if any will i take on
Now, my opinion is It’s not worthwhile to purchase a home warranty for a newly built home.
Number one reason being you’ll wind up with duplicate coverage.
New construction usually get some type of warranty from the builder for the home’s materials and workmanship — including plumbing, electrical, heating and cooling systems — for one, two or up to 10 years.
So make sure you ask your Realtor or builder about warranties in place and their details.
Key note: Appliances aren’t usually covered by the builder, but they generally come with a manufacturer’s warranty.
And if you’re diligent with a maintenance schedule and have your home’s systems annually serviced, that could help you avoid problems a warranty might address.
If you have any questions about the home buying process or want more information regarding home warranties and how we help our clients -
give us a call or connect with us below!