Home Warranties: 2 Reasons to Get It and 1 Reason You Shouldn’t

All houses eventually need to be maintained, especially those sitting on the market for a while. But after all the hassle and expense of moving into a new home, dealing with a dead furnace in winter or clogged plumbing is probably the last thing on your mind. In this case, a home warranty is necessary to help cover repair and replacement costs.

What Does a Home Warranty Cover?

A home warranty covers repair and replacement costs of certain items in your home. This includes major kitchen appliances, electrical, plumbing, and heating systems but does not cover windows, doors, floors, other structural features, or smaller appliances like countertop ovens or trash compactors.

Here are two reasons you should get a home warranty, plus one situation where it might not be the wisest purchase.

1. You Just Bought a Previously-Owned Home 

When purchasing a previously owned home, it’s essential to understand the home’s condition, appliances, and systems. A home inspection can provide you with this information and help you determine if any of the home’s major components are nearing the end of their lifespan. If so, purchasing a home warranty can help protect you from unexpected repair costs. 

When shopping for a home warranty in Kentucky, it’s essential to read the details carefully. Take note of the length of coverage, what is covered, and what is not. You’ll also want to consider the home warranty cost and determine if the coverage is worth the cost. 

2.  You’re Thinking about Selling Your House

Adding a home warranty to your property can significantly add value and peace of mind for potential buyers. It can also be a great selling point for homes that have been on sale for a while. A home warranty can provide coverage for major systems and appliances in your home, giving buyers the assurance they need to purchase.

Home warranties are relatively inexpensive and can be a great way to give buyers assurance that you will address any significant problems with the home. Sometimes, a home warranty gives a potential buyer the confidence to make an offer on a property they might have overlooked.

When a Home Warranty Is Not Needed

The only time when a home warranty may not give you the best value is when you have just finished building your house, and everything is still new. Purchasing a home warranty for a newly built home is unnecessary because the builder will already provide coverage for certain aspects of the home. The warranty from the builder will cover plumbing, electrical, heating, and cooling systems, among other things, for a predetermined amount of time, ranging from one to ten years. 

When you purchase appliances for your home, they typically come with a warranty from the manufacturer. Some credit cards may also offer additional warranties on top of the manufacturer’s warranty when you make a purchase. Therefore, if you use a credit card to buy new appliances, you may not need a home warranty to protect them.

Conclusion 

Adding a home warranty to your property can significantly add value and peace of mind for potential buyers. It can also be a great selling point for homes that have been unoccupied for a while. A home warranty can provide coverage for major systems and appliances in your home, giving buyers the assurance they need to purchase. Whichever side of the fence you’re on, get a home warranty from a reputable provider like Home Membership for peace of mind and dependable service.

Sleep better knowing that your home is covered by subscribing to Home Membership’s Warranty Membership, starting at a low monthly payment. Experience professional and fast service with Home Membership, provider of the best home warranty in Kentucky and the rest of the USA.