ADVANTAGES TO A HOME WARRANTY
The main benefit of a home warranty is convenience, especially if you own an older home. When you first move into your new home, you likely won’t have established relationships with a plumber, HVAC technician, and appliance repair specialist. If anything needs repair, you’ll simply call the home warranty company and they will dispatch a vetted contractor with experience completing similar types of repairs.
A home warranty could save you money. If you end up needing a lot of repairs that exceed how much you pay for the home warranty, you’ll definitely save money. For instance, Home Advisor estimates that the average cost of a plumber ranges from $175 to $450 for a typical pipe repair job. If you paid $300 for your home warranty, you’ve already saved money.
Having a home warranty can make you feel more secure in your home purchase, especially if you’re buying an older home with older appliances and HVAC units. For some homeowners, this is enough of a reason to invest in a home warranty. If you want to buy a home warranty, try to sign up for it when you buy your house, as you’ll likely get the best price. You can also ask for one from the sellers before you buy your home.