Benefits of a Home Warranty for New Homeowners
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Buying a home is a major move in a person’s life. It shows they work hard and are responsible when it comes to their money. However, buying a home means they take on more responsibility, as they no longer have a landlord they can call when something breaks.
They must fix it themselves or pay to have it fixed. One way new homeowners can avoid high repair bills is by investing in a home warranty. What benefits come with this purchase?
No Unexpected Repair Bills
When a person buys a home, they quickly realize there are other things they need to buy. Their curtains may not fit the new windows or they may need seating for a family room, which is one room their previous residence didn’t have.
Nobody wants to spend money to repair a household appliance or system right after buying a home when there are more enjoyable purchases to make. With a home warranty, the new homeowner can have peace of mind knowing these repairs will be covered. For example, they can call for an AC repair with a homeowners warranty and know that they won’t need to pay anything more than the service call fee and deductible.
Simplified Repairs
A new homeowner might not know who to call when something breaks down in the home. The landlord always picked the service providers, and the new homeowner might not remember the names of these companies. With a home warranty, the new homeowner won’t need to research providers. The warranty company handles choosing the provider, so this is one less thing on the homeowner’s plate.
Increased Home Value
The home warranty ensures repairs are completed in a timely manner. When a home is well-maintained, its value goes up. As it does, it increases the owner’s net worth, so investing in a home warranty is always a wise move.
Budgeting Made Easy
When a homeowner invests in a home warranty, they can budget for the deductible and service call fees. This makes it easier to set aside funds for when something breaks down or needs to be replaced.
It’s very frustrating to have a high repair bill and the owner might need to juggle other bills to pay for the repair or replacement. They won’t need to do this when they have a home warranty. They know exactly how much they will pay when the technician comes to the home, so budgeting for repairs is much easier.
Flexible Coverage
Home warranties aren’t one-size-fits-all. A homeowner can customize many plans to meet their needs. One person may only want coverage for the HVAC system. Another person might want all major appliances and household systems covered.
There is a home warranty for anyone, and many new homeowners choose to go with a comprehensive plan. Doing so allows them to learn more about what is required of a homeowner without worrying about unexpected expenses.
New homeowners benefit greatly from home warranties. They know they won’t have high repair bills or find they need to replace an appliance or system in the home while they are navigating the complexities of first-time home ownership.
While a home warranty doesn’t cover everything contained within the walls of the home, any help is greatly appreciated. Consider investing in a home warranty when you buy your first home, as it comes with many benefits above and beyond those mentioned above. A home warranty is always a wise investment.
