After moving into a new Cypress home, the new homeowner will often find they are starting to receive advertisements for home warranties in the mail. A home warranty can sound enticing, but they can be more useful for some homeowners than other homeowners. Here are some of the reasons and situations where home warranties are the most useful. Homeowners will be able to have a better idea if a home warranty is right for them.
The Home is Old and Has Old Appliances
It’s a known fact appliances are more prone to breaking as they age than when they were brand new out of the box. Home warranties can be useful to have because they cover a lot of appliances that may break down, such as dishwashers, washing machines, and dryers. Instead of being forced to buy a new appliance, which can potentially be a huge investment, a home warranty sends someone to the home to repair the broken appliance. If it can’t repaired, the warranty provider will replace it. All the homeowner has to pay for is a service fee, which is a fraction of the cost of a replacement.
The Homeowner Wants Peace of Mind
It can be easy for anxious homeowners to lose sleep over their home. Appliances can break without any sign they were getting worn down, and it always seems to happen at the most inconvenient moments. Homeowners who want peace of mind regarding their home can get a lot of use out of a home warranty.
If something goes wrong in the home, many fixes are just a phone call away. It can relieve a lot of stress to only have to call the warranty provider instead of researching different repair companies and calling them all to find someone who can come out quickly. With a home warranty, the provider takes care of everything, making repairs as stress-free as possible.
The Homeowner Doesn’t Mind Being Assigned a Repair Person
One thing that some homeowners may see as a negative regarding home warranties is they don’t allow the homeowner to choose who does their repairs. While some homeowners may not mind this, others do. When a homeowner calls their warranty provider, the provider will then go through a list of different companies they work with. The first company who has an availability is the company they’ll send to the home.
If the homeowner has a favorite repairman they like to call for their needs, a home warranty may not be a good idea. But if the homeowner doesn’t care who fixes their appliances so long as they’re fixed, a home warranty can be great.
The Homeowner Wants to Sell Their Home
While it might seem odd at first, a warranty can actually be extremely helpful for selling a home. If the home comes with a warranty, it can be an incentive for the buyer. Having a warranty can also help a home sell faster and for more money, especially in a competitive market. The buyer can purchase a one-year warranty, which costs around $350-600, and it can potentially help the home sell 16% faster and for 1% more money. Even on a home costing just $100,000, that’s more than enough to pay for itself.
Buying a home warranty can create peace of mind for anxious homeowners or help them sell their home. While a home warranty may not be the right choice for every home, they are certainly useful in these and other situations.