Buying a home, ask for a home warranty. If you’re buying a home, especially an older home with well-used fixtures, this post is for you. Fact is, things break down, and it can cost a good chunk of change to fix or replace things.
There are plenty of things to keep track of when buying a home. Before you get the keys, there will be inspections, appraisals, time-frame requirements, and a number of lender requirements. But what can you do to reduce the cost of potential unexpected repairs about after the sale? A home warranty is the answer.
Don’t Buy A Home Without Home Warranty Coverage
Once you own the home, you also own the responsibility for repairs, replacements, and maintenance, which can be costly. A home warranty can give you the peace of mind of knowing you’re covered if something should happen to break down.
There are two ways to get a home warranty. You can pay for it, or you can ask the seller to pay for it. Either way, you will need to decide at the time you make the offer.
When I am representing a buyer in a home purchase transaction, I always recommend they ask the seller to provide a home warranty, and if the seller refuses I recommend they pay for it themselves. Why?
It’s cheaper to pay $280-$500 for one year (extendable) warranty coverage than it is to cough up $7000-$15000 for a new heating system. Make sense?
True Home Warranty Stories
My buyers recently purchased a home in Roseburg. They had a home inspection done, and everything was acceptable at that time. We closed the sale and everyone was happy. Unfortunately their heat pump went out the day they moved in! Cha-Ching! It was a good thing they asked the seller to provide a home warranty. It saved them thousands of dollars.
Another buyer I represented purchased a manufactured home just outside of Roseburg. They too asked the seller to provide a home warranty, which the seller agreed to.
The week they moved in, their dishwasher died and a toilet problem came up that ended up requiring a licensed plumber.
Neither one of these buyers regretted having a home warranty. These are only two of many stories. You see why you should ask for a home warranty when buying a home?
With A Warranty You Will:
- Have the peace of mind of knowing you’re covered.
- Feel secure knowing there is no limit to the number of service calls you can make in a year.
- Have access to an easy, time saving fix 24/7 when covered items break down.
Average Cost Of Repair/Replacements:
- Kitchen Range/Oven: $663-$3,070
- Water Heater: $512-$1,465
- Refrigerator: $778-$2,486
- Air Conditioner: $494-$3,036
- Plumbing: $611-$1,605
- Heating System: $723-$3,157
- Electrical System: $387-$654
Buying A Home? Get A Home Warranty
If you’re buying a house, ask for a home warranty. Or, if you purchased a home within the past 30 days, you can still purchase a warranty. If you’re in the market to buy a home in the Roseburg area, don’t do it without a home warranty.
If you need assistance, I’m always here to help.
Troy Schuyler 541-643-1131 is a licensed principal broker in Oregon.