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The Cost of a Home Warranty in Graham

A home warranty is an insurance policy that covers the repair or replacement of major home appliances and systems. Most home warranties are purchased by the homeowner at the time of closing on a new home but they can also be purchased later on. Home warranties typically last for one year and cover items such as the HVAC system, plumbing, electrical system, and major appliances. The cost of a home warranty varies depending on the coverage level and the length of the warranty, but most policies fall in the range of $300 to $600 per year. 


5 Benefits to a Home Warranty

A home warranty is a service contract that covers the repair or replacement of many of the most important systems and appliances in your home. Although the precise coverage varies from one plan to another, most home warranty companies offer protection for items such as your air conditioning, heating, plumbing and electrical systems, as well as your major appliances.


Here are five benefits of having a home warranty: 

  1. Peace of mind: A home warranty can give you peace of mind by knowing that if something goes wrong with a covered item, you can simply call the home warranty company and they will send out a technician to take care of the problem. 
  1. Convenience: A home warranty can save you time and hassle by taking care of repairs or replacements for you. This can be especially helpful if you live in a remote area or do not have easy access to qualified repair technicians.
  1. Cost savings: A home warranty can save you money by covering the cost of repairs or replacements that would otherwise be your responsibility. In many cases, the home warranty company will also provide a discount on labor costs. 
  1. Increased resale value: Homes with a home warranty tend to sell for more than homes without one. This is because buyers are often willing to pay more for a home that comes with peace of mind and increased protection against unexpected repair bills. 
  1. Protection against expensive repairs: Some of the most expensive items to repair or replace in a home are the very items that are typically covered by a home warranty. Having a home warranty in place can help protect you from having to pay for costly repairs or replacements.

As you can see, there are many benefits to having a home warranty. If you are thinking about buying a home, be sure to ask the seller if the home comes with a home warranty. And if you are selling your home, consider offering a home warranty to sweeten the deal for buyers.


How to Buy a Home Warranty in 4 Steps

A home warranty is a service contract that covers the repair or replacement of major home appliances and systems.


Home warranties are not required, but they can be a good investment, particularly for newer homes. Most home warranty companies offer different levels of coverage. You can choose a plan that fits your needs and budget.


Here are four steps to help you purchase a home warranty:


  1. Understand What’s Covered

Before you purchase a home warranty, it’s important to understand what’s covered. Most home warranties cover major systems and appliances, such as air conditioning, heating, plumbing, electrical, and refrigeration. Some plans also cover pool and spa equipment, washers and dryers, and other items.


It’s important to read the fine print of your home warranty contract to understand what’s covered and what’s not. For example, some home warranties exclude certain types of damages, such as those caused by floods or earthquakes.


  1. Compare Home Warranty Companies 

Once you know what you need covered, you can compare home warranty companies. Start by getting quotes from different companies to see how much their plans cost. Be sure to ask about any discounts that may be available.


In addition to cost, you’ll also want to consider the company’s reputation, financial stability, and customer service record when choosing a home warranty provider. 


  1. Choose a Plan

Once you’ve selected a home warranty company, you’ll need to choose a plan. As mentioned earlier, most companies offer different levels of coverage. You can pick the one that best meets your needs. For example, if you have an older home, you might want to purchase a plan that covers more items than one for a newer home.


  1. Purchase Your Home Warranty

Once you’ve selected a home warranty plan, you can purchase it through the home warranty company or through your real estate agent. If you purchase it through your agent, it will likely be included in your closing costs.


Purchasing a home warranty is a smart way to protect your major appliances and systems. By following these four steps, you can choose the right home warranty company and plan for your needs.