We never had a home warranty until house #15, so why did we get one this time? The house was 20 years old, and many of the major systems fail around twenty years, something I learned running a handyman business for 8 years. Rather than have to worry about making an emergency HVAC system purchase during … Read More
Home Warranties One Home Maintenance Option
Home warranties have gained popularity due to a growing senior population and more families with two working parents. Homeowners simply don't have the time, skills or tools to tackle unexpected home repairs that demand quick action. They prefer one phone number to call for repairs whether it's a garage door or refrigerator that needs attention.
These home service contracts also have a fixed annual expense versus fluctuating repair costs. You only pay a service fee for each visit from a home repair contractor.
Homeowners often learn about home warranties when buying a house. Sellers offer a warranty to address buyer concerns about the condition of the house. Sadly, homeowners are lulled into a false sense of security because you have little/no control over how home repairs are handled. We went 3 months with no heat after moving into our Arizona house. A year later temperatures in our home averaged 95° for more than a month (read: Why You Can't Trust Home Warranty Companies). I finally gave up and paid to replace the heat pump.
Types of Homeowner Warranties
- Annual home service contracts for older homes
- Home builder warranties for new houses
- Utility company equipment service contracts
- Service contracts with HVAC companies
- Appliance service contracts
When you buy a house you’ve got to collect tons of information and more importantly, get your finances under control. You’re swamped with too much information that most homeowners don’t understand, like the home inspection report. So there’s really little time to estimate repair and ongoing home maintenance costs. That’s why so many homeowners read a … Read More
The concept behind home warranty companies makes sense when you’re buying a new house. With a down payment, closing costs and moving expenses, the last thing you can afford is a major home repair like a new HVAC system. That’s why we asked the sellers to provide a home warranty when we bought our last … Read More
Home builders make their money, and buyers rely on their home builder, to bring together quality products, materials and workmanship to build your house. When we built a house in New York, it helped when the local building department told us we were working with a B builder, meaning good quality and affordable. Years later, … Read More