Benefits to Buying a Home Warranty After Buying a Home

It is no small decision or investment to purchase a home. Whether you’re a seasoned home buyer or you’re venturing forth on your first quest to acquire a property, understanding the benefits to buying a home warranty after purchasing a home is extremely important. Even when you think you understand everything about the house you are purchasing, there are many events that are out of your control. To be protected from unexpected breakdowns, save money on repairs and replacements, and for general peace of mind, a home warranty is invaluable.

Get Protection for Unexpected Breakdowns

Unless you happen to be an appliance whiz, it can be difficult to tell exactly what sort of condition the built-in appliances are in for the home you are purchasing. Depending on the terms of the sale, once the transaction closes and you have the keys in hand, the seller of the home is not necessarily responsible for anything that goes wrong from that point forward. Unless specific problems are known well beforehand, it is difficult to predict when breakdowns and other issues will occur. Purchasing a warranty for your new home is a simple way to protect yourself from the unexpected. If appliances do start breaking down or other issues covered under the warranty start to crop up, you have a policy in place to help you out.

Save Money

When appliances, electronics, and specific areas of your home require repairs or complete replacement, the costs add up quickly. The purchase of a new range or refrigerator alone can cost thousands of dollars. Without a warranty, new homeowners are left to cover these costs themselves or go without the use of a stove, oven, or cold food storage. When you’ve just closed on a home, you’re not likely to have a lot of extra cash floating around for a little while. Home warranties can cost only hundreds of dollars a year and save you thousands when you need repairs or replacements.

Get Peace of Mind

The greatest benefit to a home warranty is simply the knowledge that if something does go wrong, the warranty is there to help you. You’re not left to deal with the problem on your own. Depending on your policy, you might not even have to stress about finding a technician for repairs or a locksmith to get you in the door. The company that holds your warranty can usually help with all of that to make your life easier.

Consider It an Investment

A home warranty is one of those items that you hope you don’t have to use, but it sure is convenient to have when things go to pot. If you’re looking into purchasing a home, check to see if the seller is offering a warranty with it. For continued protection, don’t forget about renewal if your home is currently under warranty.