If you’re in the market to buy a home, one item you may want to negotiate into the purchase is that of a home warranty. Even if you need to pay for it out-of-pocket, a home warranty is a great incentive to have. Specifically, home warranties can help to cover the costs of repairs or replacement or major home components, saving you hundreds or even potentially thousands of dollars. Not to mention, having a home warranty can give you priceless peace of mind in your new investment.
Of course, not all home warranties are created equal. There are a few key components you’ll want to make sure are covered by your warranty.
Air Conditioners and Furnaces
HVAC components can be extremely pricey to repair or replace, so a warranty that covers your air conditioning and furnace is a must. It’s important to make sure that your warranty covers the most common causes of HVAC problems and not just a few rare issues. For example, cracked condensers are very common (and expensive) central AC problems, so you’ll want to make sure that’s included in your warranty, along with the labor needed to make necessary repairs.
Having your kitchen appliances covered by a home warranty is also a must—especially if your home comes with high-end appliances that would be expensive to replace or repair. Some specific kitchen appliances you’ll want to make sure are covered in your warranty include refrigerators, dishwashers, and ovens.
Most home buyers wouldn’t think to have their LED and LCD televisions included in their home warranties, but this is an option offered by many companies. After all, replacing or even repairing a flat-screen television isn’t cheap and can easily cost thousands of dollars. Get it covered from the start and you’ll enjoy added peace of mind.
Washers and Dryers
Last but not least, don’t forget about your washer and dryer, as these can also be expensive to repair or replace. Some of the most common problems encountered with these appliances include bad motors, heater coils, and inverters—so make sure those are all covered by your home warranty in terms of both parts and labor.
Looking for help with your next home purchase? Contact the experienced and friendly professionals at The Parker Group. We’re happy to put our years of experience to work for you to make the home buying process convenient and enjoyable.