Appliances and home-maintaining systems are crucial for the needs of your daily lifestyle. While they give you pleasurable benefits in the first months or years of usage, they don’t guarantee hassle-free consumption. Eventually, your appliances and systems will need repair, maintenance, and replacement, which can be inconvenient and expensive.
Thankfully, a solution to this problem exists–a yearly service contract that can cover the repair and replacement of appliances covered in this contract. This service is known as a home warranty plan.
Before signing up for this service, make sure to research thoroughly the benefits that your household can get from a warranty plan. It’s also important to read home warranty plan reviews, like the American Home Shield reviews, for a more detailed discussion.
Here are some reasons why you should get a comprehensive warranty plan for your own home:
Offers Comprehensive Coverage At A Fair Price
Home warranty plans encompass a plethora of home services that are priced at a fair amount. Because of this, you won’t have to worry about hiring different service providers specializing in specific areas.
Provided below are the components of your home system that is covered by a home warranty plan:
- Heating, ventilation, and air conditioning (HVAC) systems
- Plumbing systems
- Electrical fixtures
- Water heater systems
- Regular appliances, such as refrigerators, stoves, washers, and dryers
These components are usually covered in the plan, but you may opt to upgrade your plan and add other optional components, providing additional coverage at an additional cost. Still, the additional costs won’t be as expensive as hiring a separate service, which will lead you to the next reason: saving more money in the long run.
Allows You To Save Money From Individual Repairs
A great advantage that you can enjoy compared to homeowners with no home warranty plans is being able to save on the costs of individual repairs. A warranty plan is also ideal for homeowners who don’t have a huge budget for sudden home repairs. Else, you’ll have no choice but to drain your emergency funds at the expense of a home repair service.
A home warranty plan usually costs a hundred dollars annually, which is paid upfront or through monthly installments (if the company would allow).
To give you an overview of the service, here are the plans offered by the American Home Shield:
- Systems plan to cover 11 major home systems
- Appliances plan including 10 basic home appliances
- Combo plan, which is the best value plan covering the systems and appliances plan
- Build Your Own Plan, which is personally customized for an additional cost
Additionally, you’ll be charged with a service call fee amounting from $75 to $125 when you request your service provider to examine your house for underlying problems. Comparing it to regular service providers, you’ll have to pay more than $75 to fix the issue. Also, take note that the plan already covers a number of systems and appliances for your home, and imagine how much you have to pay for individual repairs and maintenance.
Lastly, if your appliance or system can’t be repaired anymore, some home warranty plans also cover the replacement.
Home warranties aren’t required for all homes, but imagine how much money and time you can save, together with the peace of mind you can obtain.
Short Waiting Time
With home warranty services, you’re treated like a VIP whenever you require immediate solutions to your household dilemma. Home warranty plans can be obtained in two ways: buying a property with this covered plan or applying for an additional home warranty plan for extended protection. Whichever method you choose, they’re both prioritized by home warranty service providers.
Once you sign up for a home warranty plan, you’ll have to wait for a short span–from 15 to 30 days–until your application is approved. You can immediately start asking for their services once you’ve paid the premium and don’t have to wait too long.
Protection Against Buyer Complaints
Surprisingly, home warranty plans don’t only benefit homeowners but also property sellers. While your property is still up for grabs in the market, a home warranty plan protects it from sudden costly repairs and replacements. Without a home warranty plan, you might be bound to more expenses, hindering you from maximizing your business profit.
Securing a home warranty for your property is an innovative marketing tool that can set you apart from other home sellers. Because of its comprehensive coverage, you’ll have an edge over the competition. You can attract more prospective homebuyers through educating them about the importance of a home warranty plan.
Also, the home warranty has your back whenever an interested buyer comes for a property inspection. If there are any necessary repairs needed, service providers will immediately fix them so your potential buyer won’t be disappointed. A property with complete and fully functional systems and appliances will appeal more to a buyer as they can better visualize themselves living in the property.
Even after selling the property, you’re still protected from possible customer complaints if they discover any defects and problems that will arise after their purchase.
If you’re not an entrepreneur who sells houses, you can still use the advantages in this category if you’re planning to sell your property in the future, as long as it’s still signed up for a home warranty plan.
You’re A First-Time Homeowner
Perhaps, the most important reason to get a home warranty plan, and from which you will benefit the most, is that you’re a first-time homebuyer who desires to build a great living space with the least hassle. If you’re planning to move into your new home sooner, consider signing up for a comprehensive home warranty plan to assist you in being a homeowner.
Being a first-time homeowner can be financially burdensome. While saving for your dream home, you can also save for a home warranty plan. Once you’ve spared enough for these things, you won’t have to worry about the first few years of your homeownership and you can just fully enjoy your being a first-time homeowner.
Conclusion
While signing up for a home warranty plan is completely optional, considering it for your own home does more good than harm because of the elaborated reasons. Though the immediate amount you have to pay can be a little surprising, this is much better than being caught off guard by sudden repairs and replacements that you weren’t anticipating to happen.
