About Home Warranty Plans ~ 101.

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

About Home Warranty Plans ~ 101.

A Home Warranty Plan is not the same as your Homeowner’s Policy. A Home Warranty Plan is a one year service plan that usually covers your major home system components and appliances that can break down over time.

Often Real Estate Agents use home protection plans as a selling point to buyers giving them more confidence so they can rest easy that the home systems and appliances are covered. First time home owners and rental properties owners are another big user of these policies.

Coverage under these plans includes future normal wear and tear malfunctions during the contract term and not present problems. Usually a set fee is established for homes less than 5,000 square feet with additional costs applied to larger homes. Fees vary from company to company and service to service but a typical yearly fee can range from $400 up to $700 depending on what is covered and deductible. Most companies offer a range of deductible service fees from $65 up to $150.

Pools, wells, septic systems, ice machines are usually an addition cost but reasonable for a year of insurance.

It is important on these home warranty plans that you properly maintain your systems and appliances and have them professionally installed to qualify for full coverage.

Since many Home Warranty Companies work throughout the nation it is best to get local recommendation and referrals on how well their services are in your region. Friends, family, real estate agents and property managers are probably you best source for this. Last and not least read the contract fully to understand what and what-not is covered.

 

ActiveRain just posted some reviews on Home Warranties Companies.

 

Product Reviews and Ratings ~ http://activerain.com/action/product_sub_category/show/home-warranties-insurance?product_category_id=services 

 

AR Blog "Home Warranties are they Worth it?" ~ http://activerain.com/blogsview/3807323/real-estate-home-warranties-are-they-worth-it- 

 

RISMedia Article Feb '14 ~ "Installing Confidence in Buyers and Sellers - Home Warranties Cover all the bases"

 

 

This article has been written by David Popoff.

 

  David Popoff | Broker 

   Direct Line: 203-228-0646 

Website: www.dmkpropertymanagementllc.com

E-mail: DavidPopoffCt@hotmail.com

 

DMK Real Estate is a full service license Connecticut Real Estate Broker firm that serves lower Fairfield County. With lower overhead costs DMK Realty can fulfill buyers and sellers needs locally and on the internet at lower costs compared to the larger national brands.

 

 

David Popoff is a license Connecticut Real Estate Broker in Realtor lower Fairfield County, Connecticut.

 

DMK Property Management llc a locally owned company serving lower Fairfield County, Connecticut.

Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.

Call 203-228-0646

E-mail DavidPopoffCT@hotmail.com

 

 

 

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

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Rainmaker
965,707
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I have always felt that home Warranty Plans are very important to both the buyer and the seller.

Aug 01, 2013 01:48 AM #1
Rainmaker
1,172,161
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

IMHO * home warrenty plans for investor units are a bad idea...tenant rarely appreciate their "time blocking" for service calls which leaves the owner or agent waiting for the service tech with a unit key...dealing with LOCAL service people is the BEST and less expensive

Aug 01, 2013 03:24 AM #2
Rainmaker
753,114
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Great advice Wallace, plus as a owner and/or property manager you build up a business relationship with these local repair contractors.

Aug 01, 2013 03:29 AM #3
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Rainmaker
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David Popoff

Realtor®,SRS, Green ~ Fairfield County, Ct
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