Buying a home is an expensive process, no doubt about it. With the thought of moving expenses, possible renovations and purchasing new furnishings, many buyers opt out of purchasing a Scottsdale home warranty in an effort to save money. A home warranty shouldn’t be thought of as an expense, but rather an investment. Here are a few good reasons why a home warranty is money well spent.
A home warranty is essentially an insurance policy that will pay for repair or replacement costs of major built in appliances such as water heaters, ranges, dishwashers, and garbage disposals, as well as mechanical systems such as HVAC, plumbing, electrical wiring and such. Whereas homeowners insurance provides coverage for hazards, a home warranty provides coverage from everyday wear and tear. The cost of a home warranty in Scottsdale is usually a few hundred dollars. This pales in comparison to the cost of replacing or repairing any of the above items. A home warranty will protect you from unexpected, expensive repairs such as these for a certain period of time after closing on your new home.
You can also purchase additional coverage for appliances and amenities that aren’t covered by a traditional home warranty. These may include washers and dryers, home theater systems, spas and/or pools. If you are purchasing an older home with any of these items, it is usually a good idea to opt for the extra coverage.
Even if the home has newer appliances a Scottsdale home warranty is a wise investment. Most manufacturers void the warranty of appliances with the sale of a home. Furthermore, with the decreasing quality of many brands and the rising cost of labor to repair appliances, a home warranty is a must-have.
In some instances, you may not even have to pay for a home warranty in Scottsdale. In a buyer’s market, when there is more than a six month inventory, seller’s often include a home warranty in the purchase price of the property in order to make it more attractive to buyer’s. This benefits them as well as you. You can take comfort and have confidence knowing that most everything in your home is protected, even when you are short on cash.
If a home warranty is not included in the initial listing, your Realtor may be able to negotiate a home warranty into the purchase contract. Many sellers are anxious to close the transaction so they can move on to the next chapter of their life and are willing to make a few small concessions such as this. It never hurts to ask: the worst they can do is present a counter offer.
A word of caution, however, before purchasing a home warranty: do your research. Make sure that the company is reputable and will process any claims with efficiency and professionalism. With one phone call you should be able to get a service technician to fix the problem. Also, read the contract before signing anything and make sure that you have the coverage that you want and need. If you have any questions, don’t be afraid to ask your Realtor. Obtaining a Platinum Home Warranty in Scottsdale, Arizona is a sound home investment tip.