Let’s dive into why every homeowner, whether you’re new to the game or have been at it for years, should consider a home warranty plan!
Owning a home is rewarding—personal space, equity, and the joy of customizing your place to fit your style.
But let’s face it, homes are full of things that can (and will) break down eventually.
Whether it’s your water heater giving out on the coldest day of the year, the fridge unexpectedly thawing all your groceries, or the dryer going silent with a full load inside, home maintenance surprises aren’t usually fun or cheap.
Enter: the home warranty plan. Many homeowners have heard about home warranties but may not fully understand what they do, or if they’re worth it. Let’s dive into why every homeowner, whether you’re new to the game or have been at it for years, should consider a home warranty plan.
1. What is a Home Warranty, and Why Should You Care?
(Photo from Newsweek)
Unlike homeowner’s insurance, which covers damages from unexpected events like fires or natural disasters, a home warranty plan is designed to cover the repair and replacement costs of major home systems and appliances due to regular wear and tear. Think of it as a service plan for your house, covering everyday breakdowns in essentials like your heating and cooling system, water heater, kitchen appliances, and more.
Here’s why you should care: it offers peace of mind. When a major appliance breaks, a home warranty can save you from scrambling to find a reliable repair technician or shelling out hundreds (or thousands) of dollars for a new unit. Instead, the home warranty company coordinates repairs and covers the cost of replacement when necessary, so you can go about your day without the stress of unexpected expenses.
2. Convenient Access to Trusted Technicians
(Photo from Bob Vila)
One of the hidden benefits of a home warranty plan is the convenience factor. Imagine waking up to a cold house in January, realizing your heating system isn’t working. The next step? Calling around to find a reputable repair company, hoping they’ll be able to come quickly, and crossing your fingers that the repair cost won’t break the bank.
A home warranty company has a network of pre-vetted technicians ready to jump into action. When something breaks, you simply contact the warranty provider, and they take care of the rest. You don’t have to spend time researching, calling, or price-checking; the home warranty company handles it all. This saves you both time and hassle.
3. A Smart Choice for Aging Homes (and Systems)
If you’re living in an older home, there’s a good chance many of your home systems and appliances are nearing the end of their natural life span. Air conditioning units, for example, typically last around 10-15 years, while water heaters often max out around a decade. As homes age, the likelihood of component failures increases, and so does the need for costly repairs.
A home warranty plan can be an especially smart investment for older homes, providing a layer of protection against the inevitable wear and tear that comes with time. Instead of paying out of pocket for each breakdown, a warranty can help keep these costs manageable and ensure that your home remains safe and comfortable.
4. Protection for First-Time Homeowners
(Photo from Capital Bank)
If you’re a first-time homeowner, congratulations! You’re on a great adventure, but it’s likely that your budget was stretched during the buying process. Many first-time buyers don’t anticipate just how costly home maintenance can be, especially in those first few years of ownership.
A home warranty plan can be a game-changer for new homeowners who are still building their savings. Instead of worrying about whether you can afford to replace a major appliance right after moving in, you’ll have a safety net that helps you tackle those repairs without derailing your finances. In fact, some sellers and real estate agents include a one-year home warranty as part of the sale to give first-time buyers added peace of mind.
5. It Can Add Value When You’re Ready to Sell
You might not plan to sell your home anytime soon, but when you do, a home warranty can add to your home’s appeal. Buyers appreciate the assurance that major systems and appliances are covered, at least for the first year. By offering a transferable home warranty with the sale of your home, you increase its marketability, which can potentially lead to quicker sales and fewer negotiations around repair costs.
6. Is a Home Warranty Worth the Investment?
(Photo from Cinch Home)
Some homeowners hesitate to invest in a home warranty because of the recurring cost. While plans do vary, most home warranties cost between $300 and $600 annually, with additional service fees for each repair call. If you go several years without any major repairs, you may feel that you’re not getting your money’s worth. But the peace of mind and financial predictability a warranty offers can often outweigh the expense, especially in years when breakdowns do occur.
In conclusion, not all home warranty plans are created equal, so if you decide to get one, take the time to research your options. Look for a plan that covers the appliances and systems that matter most to you, and review customer feedback to see how quickly they respond to service requests. Many plans offer add-on coverage for things like pools, septic systems, or even roof leaks, so consider your home’s unique needs when selecting a plan.
In the end, a home warranty plan offers more than just a financial cushion. It’s a way to simplify homeownership, protect your budget, and take one more thing off your “to-worry-about” list. So, whether you’re a seasoned homeowner, a first-time buyer, or someone with an older property, consider investing in a home warranty plan to keep your home—and your sanity—intact.
A little planning now can save you a lot of stress later.
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Check out these websites as well - they provided us with the inspiration to create this blog post!
American Home Protect: https://americanhomeprotectllc.com/blog/six-reasons-why-you-need-a-home-warranty
Good Luck Info: https://www.goodluckinfo.com/the-benefits-of-home-warranty-coverage-what-every-homeowner-should-consider/
Liberty Home Guard: https://www.libertyhomeguard.com/why-you-should-request-a-home-warranty-when-buying-a-home/