A Home Warranty can help anyone save money and protect expensive appliances and home systems (like ovens, HVAC units, Washer/Dryer, Electrical Systems and much more) over the years as a homeowner. Lets learn how…
You take on a huge financial responsibility when you become a homeowner. After the down payment, you may have a mortgage, property taxes, homeowners insurance, and perhaps HOA fees. Then you need to furnish it, maintain it, improve it, and maybe upgrade it. One of the greatest costs within any home are the home appliances and home systems that power the household.
Purchasing a home warranty, though, can help alleviate some of the financial burden new homeowners face when a major appliance or home system goes out. You’ll pay for the warranty upfront but the savings could be worth the added expense.
As a new homeowner, repairing or replacing the heating or cooling system, electrical or plumbing systems, or any of those vital appliances you use every day can have an immediate and serious impact on your wallet when one of them breaks down. There are a lot of things you need to know as a first time homeowner, but a home warranty can protect you from paying the often costly repair or replacement bills when covered home systems and appliances fail.
Take a look at our Best Picks for Home Warranty Companies here.
When you have a home warranty, if something in your home breaks down, you simply pay a fee for a technician to diagnose the problem. If the technician determines that an appliance or system covered in your home warranty contract is the source of the issue, that appliance or system is repaired or replaced at no additional cost to you.
Without a home warranty, home repair costs can escalate quickly. There’s a diagnostic fee to have a technician come to your home to determine the problem, plus the hourly rate for the technician’s labor once the problem is assessed, plus the cost for parts and/or a replacement product.
If you are a new homeowner, a warranty can save you money in different ways. Some of the systems in the home may be old but you do not have the money to repair them. The costs or repairs and replacements of different systems in homes are exorbitant and this is where a warranty acts as a safety net. You can just notify your home warranty company and they will have you covered.