Benefits of Purchasing a Home Warranty

Do You Need a Home Warranty?

May 16, 2022 4 Read

If you’re purchasing a home, you may be wondering if you should also purchase a home warranty. A home warranty is an insurance policy that covers the repair or replacement of major systems and appliances in your home, and it can be a valuable asset for new homeowners.

Here are some benefits of purchasing a home warranty:

Manufacture Confidence

When you purchase a new home, the appliances and systems are under warranty by the manufacturers. However, these warranties typically only cover defects in materials or workmanship and not normal wear and tear.

A home warranty will cover repairs or replacement due to normal wear and tear, which can give you peace of mind as a new homeowner.

Coverage When Your Home is Under Construction

If you’re purchasing a newly built home, you may think that everything will be covered by the builder’s warranty. However, this is not always the case.

Some builders only offer a one-year warranty on workmanship and materials, which means that any problems that arise after that time period are your responsibility.

A home warranty can give you coverage for an additional year, and some plans even offer coverage for two or more years.

Protection From Unexpected Repairs

One of the biggest benefits of a home warranty is that it protects you from unexpected repairs. No one knows when their fridge will stop working or their water heater will break down, but when these things happen, it can be costly to repair or replace them.

With a home warranty, you can have peace of mind knowing that you’re covered in the event of an unexpected repair.

Discounts on Future Purchases

When you purchase a home warranty, you may be eligible for discounts on future purchases, such as a new refrigerator or washer and dryer.

Some home warranty companies offer these discounts to their customers, so be sure to ask about them when you’re considering purchasing a home warranty.

Assistance When Selling Your Home

If you have a home warranty in place when you sell your home, you can transfer the warranty to the new owners. This can be a valuable selling point, as it will give the new homeowners peace of mind knowing that they’re covered in the event of a repair.

Real estate agents often recommend purchasing a home warranty, as it can be a valuable asset for both buyers and sellers. If you’re considering purchasing a home warranty, be sure to compare plans and prices to find the best coverage for your needs.

Increase Resale Value

In addition to being a valuable selling point, a home warranty can also increase the resale value of your home. Be sure to ask for help from real estate agents before purchasing a home warranty to learn more.

Purchasing a home warranty is a wise decision for many homeowners. When potential buyers see that you have a home warranty in place, they’ll know that they’re covered in the event of a repair, which can make your home more attractive to them.

A home warranty is a valuable asset for new homeowners, and it can give you peace of mind knowing that you’re covered in the event of a repair. If you’re purchasing a home, be sure to ask your real estate agent about purchasing a home warranty.

Our company in the Lake Fork area provides home warranty for new homeowners as well as those who are purchasing a home. We have a variety of plans to choose from, and we can customize a plan to fit your needs. Our company also offers discounts on future purchases, and we can transfer the warranty to the new homeowners if you sell your home.

In Lake Fork TX Real Estate, we know the value of a home warranty and we’re here to help you protect your investment. We can assure you that purchasing a home warranty is one of the best decisions you can make as a homeowner. Contact us today to learn more about our home warranty plans and how we can help you.