You know how much a home costs. You’ve saved up, researched neighborhoods and schools, found your dream house. But you worry about what will happen if something goes wrong with the plumbing or the roofing system in the next year or two—or worse, if there’s an earthquake?
Even though you have homeowner’s insurance to cover those types of losses, what would happen if your house is unlivable for weeks on end while repair work is being done? That’s where home warranty plans come in. Here are five unexpected ways it can protect your home:
1. Stress-Free Maintenance
The best thing about home warranty plans is the peace of mind they bring to homeowners. Knowing that you have an insurance policy to cover repairs or replacements means that home maintenance and upkeep will be less stressful.
You won’t need to worry about costly surprises arising from age-related issues like leaky pipes, broken appliances, or even insect infestations because the home protection plan will cover it all. This saves money in the long run by preventing small problems from turning into big ones. Plus, it also gives you the freedom to take chances on upgrades or indulgent purchases that would otherwise be considered too risky.
2. Peace of Mind for Buyers
The same worries that keep homeowners up at night are also on potential buyers’ minds, and warranty plans alleviate these concerns.
Home warranty satisfaction is also on the rise. Customer satisfaction levels now stand at an impressive 73%. This means that buyers will pay more for homes with warranty coverage than those without.
This buyer confidence creates demand for warranty plans that helps sellers raise their listing price. This, in turn, means you can potentially get more money out of your house when you put it up for sale.
3. Increased Safety and Security
Home warranty plans are great when preparing for the unexpected.
Did you know that warranty plans cover future damage? This is particularly useful if you live in an area prone to weather-related disasters or infestations such as termites and other pests.
4. Adding Value to Your Home
A warranty can be a great selling point when you’re up against other, similar properties regarding price and location. It shows that you care about the quality of your investment and have taken measures to protect it.
Warranty plans give potential buyers peace of mind in an otherwise risky real estate market. They know they can get home repairs or replacements for any issues that arise from normal wear and tear at no extra cost.
5. Helps To Keep Maintenance Record
Warranty plans are also a great way to keep track of your property’s maintenance records. Warranty companies often require homeowners to keep records of service done by contractors. This makes warranty plans an ideal record-keeping tool for most homeowners in terms of both improving their home value and reducing long-term repair costs.
Home Warranty Plans Have Benefits
Warranty plans help to protect the home value and increase it. If you’re planning on selling your house in the next few years, warranty plans are a must.
It pays to do your homework, though. There are many different warranty companies, and some are far better than others when it comes to both coverage.
There is no such thing as a warranty that covers absolutely everything. All warranty plans have certain limitations and exclusions, so be sure to check these before signing up for any warranty plan.
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