Why Do You Need a Home Warranty?
When you’re buying or selling a home, a home warranty makes good financial sense. While it only costs a few dollars per month, it can save you big bucks on repairs to your appliances, electrical, plumbing, and HVAC systems.
If you’re selling a home, a home warranty can help you handle surprise leaks or breaks that may cause serious damage while you’re away (such as a toilet leak on a top floor). This is especially important if the home will be vacant for awhile.
It can also reduce the cost of parts and labor on repairs that make the home more attractive to potential buyers—or that may negatively impact your mechanical inspection.
Bottom line: you’ll have peace of mind knowing that someone is available to make repairs to your home 24/7, even if you’ve already moved to a different state.
If you’re buying a home—especially an older one, or one that’s been vacant for awhile—you’ll have little history of the home’s appliances, plumbing, electrical, or HVAC systems. So you won’t know that it’s been 5 years since the A/C system was cleaned, and it’s ready to burn out while you’re unpacking boxes on a hot summer day.
With a home warranty, you’ll have someone ready to make repairs at any time of the day or night. This is especially valuable when you’re moving in from out-of-town, and you haven’t yet established relationships with the local plumber or electrician.
The best home warranty providers (like A.B. May, who provides free home warranties for all houses listed for sale by ReeceNichols) have all of those technicians under one roof, and should be able to dispatch someone in as little as one hour, with heavily discounted labor and parts charges—for a small monthly fee.
Another perk? Discounted annual maintenance on your heating and cooling systems—which means they’ll be clean, operational, and ready for summer and winter. That’s especially important if the HVAC was neglected by the previous owner, or if the home was empty during the sales process.
Is a home warranty right for you? Before you make your final decision, consider: