{"id":25831,"date":"2015-08-12T15:34:15","date_gmt":"2015-08-12T19:34:15","guid":{"rendered":"https:\/\/www.bhgre.com\/bhgrelife\/?p=25831"},"modified":"2022-10-04T11:13:36","modified_gmt":"2022-10-04T15:13:36","slug":"choosing-a-homeowners-warranty","status":"publish","type":"post","link":"https:\/\/www.bhgre.com\/bhgrelife\/choosing-a-homeowners-warranty\/","title":{"rendered":"Choosing a Homeowners Warranty"},"content":{"rendered":"

When homebuyers are going through the home closing process, they\u2019ll typically come across what is called a homeowner\u2019s warranty. This warranty is a protection plan that covers a significant portion of the costs if certain appliances malfunction or stop working completely. Having a homeowner\u2019s warranty can certainly be beneficial for new homebuyers, but it can also help home sellers add value to their homes. Find out what a homeowner\u2019s warranty entails and how it can benefit multiple parties during a home closing.<\/span><\/p>\n

What is Covered in a Homeowner\u2019s Warranty?<\/span><\/strong><\/p>\n

Typically, a homeowner\u2019s warranty will cover the repair or replacement of the major systems and appliances in your home. This often includes items like the water heater, garbage disposal, plumbing system, refrigerator, washer and dryer, air conditioning unit and other similar systems. If one of the covered systems or appliances breaks, the warranty covers repairs from a contracted local technician or a complete replacement of the item or system. In some cases, you may have to pay a small fee to carry out the repair or replacement, but the fee is typically much less than the total cost would otherwise be.<\/span><\/p>\n

Your individual homeowner\u2019s warranty may vary slightly from other warranties, so it\u2019s always important to read through your warranty plan carefully and ask about any extra services you\u2019d like to have included.<\/span><\/p>\n

Homebuyers should also understand that warranties are not substitutes for home insurance. Furthermore, not all warranties cover repairs or replacements for appliances that simply haven\u2019t been properly maintained over the years. That\u2019s why it\u2019s also a good idea to get a thorough home inspection from a trusted professional.<\/span><\/p>\n

How Can Homebuyers Benefit?<\/span><\/strong><\/p>\n

After paying all the costs associated with the home closing process, nobody wants to be caught off guard by a malfunctioning heating system that will cost several thousand dollars to repair. Having a homeowner\u2019s warranty gives new homeowners the peace of mind of knowing that they can quickly and inexpensively have those issues resolved.<\/span><\/p>\n

This type of warranty can be especially beneficial for first-time homeowners who aren\u2019t particularly handy or who have limited knowledge about what types of major malfunctions can occur in a home.<\/span><\/p>\n

How Can Home Sellers Benefit?<\/span><\/strong><\/p>\n

If home sellers are working within a buyer\u2019s market or if they are looking for ways to make their home more marketable, offering a home warranty with the house can be a great added incentive to encourage wavering homebuyers. <\/span><\/p>\n

While this offer will add value for homebuyers, fortunately, it isn\u2019t too costly for home sellers. Home warranties typically costs between $200 and $500, making them a relatively small investment for those who are looking to sell their homes.<\/span><\/p>\n

Whether you\u2019re a homebuyer looking for peace of mind after closing or a home seller interested in presenting a more attractive overall package to potential buyers, a homeowner\u2019s warranty can make a great addition to your home closing process.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"