The What And Why Of Home Warrantie

Dated: November 25 2019

Views: 40

Image title

If you’ve only ever rented a Lubbock area home before, the necessity of a home warranty may be unknown to you. As a renter, you are used to a landlord who will fix any issues you run into - but that all changes when you become a homeowner. Now, when a water heater breaks or the fridge starts to leak on the new floors in the kitchen, there is no landlord to call. So what do you do now? You may have a friend or family member who can handle the smaller fixes, but when it comes to the big issues that will end up emptying your pockets, a home warranty can save the day. 

A home warranty is similar to insurance, as it covers some or all of the costs of replacements or repairs when a system in your home malfunctions or stops working altogether. They range in annual costs of $400-$600 and remove the middle man in the fixing process. Instead of finding someone to fix an issue, you will directly contact your warranty provider and they will set up the repair or replacement with the appropriate vendors. Your premium usually covers all costs, with the exception of a co-pay which is typically around $70. 

If you’re wondering who should buy a warranty, they are usually recommended for first time home buyers who have rented up until that point. When you are used to having a landlord, a home warranty can fill that role in a different way. Home warranties are great for homes with both members in the work force outside of the house or just busy family members who can’t always be home to wait for the repair person window or find the time to even get quotes for the best repair shops in the area. Home warranties aren’t just for first time buyers, though. If your appliances are nearing the end of their life expectancy, now would be a great time to get a warranty. If all of your appliances were purchased in the same time frame, you don’t want to face the costs of them all failing at the same time. Warranties can save you time and money, especially in the first year of ownership.

Blog author image

Jenifer Hudman

As a Realtor, my first priority is to make my clients happy. I listen to my clients wants and needs to achieve the best outcome in every transaction and I strive to ensure that the home buying or sell....

Latest Blog Posts

Smells That Sell

Heads up, sellers! Clean and fresh goes without saying, but a new study from GetAgent says selling your home may be as simple as one of these fragrances wafting through the halls of your home:

Read More

5 Signs Its Time To Upsize

Your house fit like a glove when you moved in several years ago.  Now? Not so much. Life has changed. YOU have changed.  Maybe now you:  - Work from home and

Read More

12 Tips For An Easier Move

12 Tips for an Easier MoveAs exciting as it is to move into a new home, not many people look forward to the actual moving day. Whether you are moving across town or across the country, moving is

Read More

Summer Home Maintenance Checklist

No matter what you hear there’s no such thing as a maintenance-free home. What there is?  A home that’s totally manageable to maintain when you break it down month by month. 

Read More