When buying a home, one term you’ll likely encounter is “home warranty.” But what exactly is a home warranty, and why might you need one? This video will explain the basics of home warranties and how they can benefit homeowners.

What is a Home Warranty?

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances that break down due to normal wear and tear. Unlike homeowners insurance, which covers damage from events like fires or storms, a home warranty specifically addresses issues with your home’s mechanical components.

Key Benefits of a Home Warranty:

1. Financial Protection: A home warranty provides financial protection against unexpected
repair costs. For a set annual fee, typically ranging from $500 to $600, you can avoid the high
costs of fixing or replacing essential systems and appliances.

2. Peace of Mind: Knowing that your home’s major systems and appliances are covered can provide peace of mind. This is particularly valuable for first-time homebuyers who may be unfamiliar with the potential expenses associated with homeownership.

3. Simplified Repairs: When a covered item breaks down, you simply contact your home warranty provider. They will arrange for a qualified technician to assess and repair the issue, saving you the hassle of finding a reliable service provider.

Commonly Covered Items:
· Heating and cooling systems
· Electrical systems
· Plumbing systems
· Water heaters
· Kitchen appliances (e.g., stove, refrigerator, dishwasher)and
· Laundry appliances (e.g., washer, dryer)

Why get a Home Warranty?

1. Some homes depending on age can have systems and appliances that are more prone to breakdowns. A home warranty can help cover repair costs, making it easier to maintain your home.
2. Weather Considerations: The Pacific Northwest’s rainy climate can put additional strain on
home systems, particularly plumbing and electrical. A home warranty ensures that you’re
protected against weather-related wear and tear.
3. Real Estate Market Competitiveness: Offering a home warranty as a seller can make your property more attractive to buyers. It’s a valuable incentive that can help your home stand out in a competitive real estate market.

A home warranty is a wise investment for homeowners. It provides financial protection, peace of mind, and simplified repairs for essential home systems and appliances. Whether you’re buying an older home or want extra security against unexpected expenses, a home warranty can be a valuable addition to your homeownership journey.

Interested in learning more about home warranties? Contact me today to discuss how a home warranty can benefit you as a homeowner