Home warranty is a beneficial investment for any home owner, but there are several occasions whereby the warranty may come with some drawbacks. More often than not, the homeowner does not anticipate such catches and this is where they could end up feeling like the whole deal was not worth it in the first place. 

A couple of the drawbacks that you are likely to experience include:

1. Denial of claims 

First time property owners should understand that a home warranty is a valuable protection as far as your finances and peace of mind go. Such homeowners can benefit from home warranty simply by weighing their options from the different warranty companies in town. 

If you are new in the world of property ownership, home warranty can offer you that much needed cushion against repair costs. If you have a proactive real estate agent, you do not have to worry about the hefty paper work, as he will handle it professionally on your behalf. 

A home with a warranty is very marketable and you will not have to worry about attracting new tenants or buyers. In the event that you want to rent out or sell your property, just mention to the potential tenants or buyers that your property has home warranty coverage. 

Home warranty is a valuable investment for any home owner; but this is not to mean you should break the bank on your way to obtaining it. With these handy tips, you will end up paying the minimum for a good home warranty.

1. Improve your security

You would be surprised at how much money you end up saving on your premiums if you install a smoke detector, a good burglar alarm or a fire alarm even. Throwing in dead-bolt locks won’t hurt too. Before this though, find out your insurer’s recommendations as this is what they will work with when calculating your warranty costs.

Home warranty is an asset to homeowners, buyers, sellers and even to the real estate professionals. The main benefit of a home warranty is the coverage it offers to the systems and the appliances in the property. 

For homeowners, it is a relief since most of the maintenance and replacement costs are taken care of. Home warranty plans vary depending on the items they cover, the provider and the kind of plan that one buys. Any additional coverage will command an extra cost. All the same, most home warranties will cover major appliances, plumbing and electrical systems, heating and cooling systems.  

Here are a few of the items that a home warranty covers:

Home warranty is important for buyers, sellers as well as the real estate agents. Since the estate agents are mostly involved in buying or selling, their work becomes easier when the property owner has a home warranty. This is because buyers are likely to go for properties with a home warranty plan. Nobody wants to start paying for the repairing and replacing of equipments and appliances, when they are barely over the blow of the property purchase. Hence, a home warranty ensures the real estate agent sells the property fast. It is also a form of quality assurance.

How does a real estate professional benefit from a home warranty?

1. Save time and enable you to move to your next deal- The beauty of the home warranty plan is that it ensures the property stands out in the listings. It also attracts buyers and in particular, the first time buyers. This in turn becomes a bonus for the real estate professional since the transaction continues without hurdles. Furthermore, the home warranty caters for repairs that may come during the closing. It saves time for you to finalize the deal and proceed to the next transaction.