There are many home buying tips for home buyers. One of the most important ones is to make sure the homes you are interested in come with a home warranty. Buying a home in the Summerlin real estate market is probably one of the most expensive and time consuming purchases a person will ever make in their lives. While homeowners insurance protects your home from peril, what happens if a major home system goes out.
Plumbing and central air conditioning are expensive components of a home a replacing them can break a homeowner's bank account. A home warranty picks up where homeowners insurance leaves off. It is important to understand the ins and outs of home warranties and what they offer to a homeowner.
What is a Home Warranty
A home warranty covers many of a home's systems and appliances. This type of warranty is an insurance of sort for home systems and appliances. Each warranty differs and not all offer the same coverages. Before signing a home warranty, all areas being insured must be in working condition.
What Does It Cover?
What is meant by home systems and appliances? What exactly is covered in a home warranty? Most warranties cover major home systems such as plumbing, air conditioning systems heating and electrical wiring. Some home warranties also offer protection for home appliances, but unless they were sold with the home they generally are covered under a separate policy with the appliance maker.
Why Should You Buy a Home Warranty?
A home warranty in Summerlin saves homeowners the cost of expensive work on a home's system or replacement of the system. Most policies offer a huge discount on repairs and most homeowners find that they only have a small service charge fee for work. A home warranty is a must when buying a home in Summerlin. A home is the most expensive purchase most people make. The last thing you will need is your home appliances to break right after you make such a big purchase. A warranty will ensure that you will not have to worry about the expense of fixing home appliances.
Home warranty companies generally have contracts with major system and appliance manufacturers and this benefits the customer in the reduced repair and replacement costs. Also for homeowners without a large financial savings, having a home warranty takes care of the financial concerns if major repair costs occur. More and more often, home warranties are being provided by home sellers. This being the case, make sure when you're buying a Summerlin home that it comes with a home warranty, that is one of the most important home buying tips.
What To Look for in a Home Warranty
Not all home warranties are the same, so shop around carefully and know what to look for in a great home warranty plan.
Look for a plan that covers the most systems. Expect to pay a bit more, the more that is covered, but the extra protection is worth it.
Read the contract and ensure that the wording is clear. Don't get trapped with a bunch of ' mumbo jumbo' you can't understand. If you have questions, ask an agent and if not pleased, look for another company.
Is the company who is selling the policy reputable. If you have never heard of them, check out their reputation online or with the Better Business Bureau.
Check out the customer service. How easy it is to contact an agent or a customer service agent if needed. A great police does little good if you can't contact someone when needed.
Your Summerlin real estate agent should be able to give advice about the best home warranty companies in the Summerlin area. With a crowded Summerlin real estate market, it is important to find the right home and to ensure your home's appliances and systems with a great home warranty plan.
If you are looking for a home in the Summerlin real estate market and need a Summerlin real estate agent, contact us at The Ballen Group: 702-604-7739.
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