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Home Remodeling

Why Home Buyers Should Insist on a Home Warranty

If you’re buying a home, you’re taking on a big investment and a big expense. Most of us try to buy as much home as we can afford, possibly leaving us with little leftover cash for a while. If an appliance or major system in the home has a problem that we didn’t foresee, it can get very expensive. For this reason, many homebuyers look to new construction so that all the appliances and systems are new and under warranty.
However, it’s not necessary to avoid buying older homes. And, in today’s market, it’s easy to get a great deal on an older home. And, if you get a home warranty that covers the home’s major systems and appliances, you don’t have to worry that you’ll have to pay for a major repair in your new home.
Home warranties can be written to cover plumbing, heating and cooling systems, some structural systems like roofs and your major appliances, like the range. Home warranties can be constructed in many different ways to fit your specific needs. You can get the home warranty for the first year, and then renew at the end of the first year if you choose.
Home warranties are not expensive, but as a home buyer, you shouldn’t worry about paying for it at all. Rather, you should request it from your seller when you are negotiating the contract. In today’s market, sellers expect such a request, and are usually more than happy to provide a home warranty as an incentive to get buyers to consider their home for purchase. And, since they are not expensive, sellers are usually willing to allow you to choose the warranty, up to a certain dollar amount, and have them pay for it at closing.
You may even find that some home sellers are offering a home warranty as part of the sale of their home. However, if they are not, you should ask for it when you make an offer.
A home warranty can provide you peace of mind about the major systems you’re purchasing in your new home. With most home warranties, you call one number for any problem that you have and they find the right professional to complete the repair. Some even offer a toll free number that is open seven days a week. So, don’t forget older homes when you’re house hunting, and when you find the right home, don’t forget the home warranty.…

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Home Repair

What Warranty and Insurance Do New-Build Homes Require?

When you first plan to purchase a new home, having a good warranty with beneficial insurance is key to the future of your living space. No one ever knows when a problem will come about, so taking the necessary precautions will be vital. After all, you don’t want to get hit with an expensive repair when it could have been avoided by having the right warranty and insurance.
However, you will have to have the right type of warranty for your new build home. This means the Solo for Self Build option. Yes, there are residential, rentals and mixed warranties available, but they won’t fit your needs if you’re trying to purchase a new home. The Solo warranty is a 10-year plan that is geared to offer various options in a two phase system.
During the first phase you will be able to get quality cover and during the building process. If you are using a reputable company, they will continually keep you in the loop to the progress that is being made. If by chance something is out of order you will be the first one to know about it. During each stage there will be a completion process that must be approved. It will then receive a certificate of accomplishment.
Obviously the safety issues are the main goal, but there are also many other benefits that come along with a Solo for Self Build warranty. The most important to some families will be the financing department. Without the proper warranty in place it can be more difficult to receive a proper loan without hassles along the way. Since the mortgage lender will have cover as well, it will make the paperwork trail work faster.
Plus, there is a chance that something could happen during the construction. If by chance the sub-structure is defective while it’s being built, you will not have to pay for any of the costs to restructure it. The most common problem usually revolves around drainage issues in case of a storm. If you don’t have the proper cover, this could end up halting the building until you come up with the money.
When you’re looking over the second phase of the warranty, it will explain in detail all the parts of the home that are covered if a problem occurs. This can range from staircases and ceilings to wall plaster and foundations. In all there are over 12 different areas that are covered, which basically takes up the entire home. When you see it for yourself you’ll have a better understanding of it all.
Then again, there are a few things that Solo warranty doesn’t cover. In this case you may look for additional options to have everything covered. Just keep in mind that this will cost you extra money, so if it’s not necessary, you may not want to get it.
If there comes a time when you decide to move, the Solo warranty can be transferred over to the new home owners. However, they will not receive a new 10 year term, but instead have whatever is left on the one you transfer. If by chance it runs out on them, they’ll have to purchase their own. It may not be important right now, but definitely something to keep in the back of your mind if you do decide to sell down the road.…

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Bathroom Renovations

Purchase a Home Warranty – Things To Watch Out For Before You Buy

A home warranty service contract will allow you to have peace of mind and save you tons of money. It will basically cover the replacement and repair of your homes “moving parts” or home systems and major appliances. There are some things you should do prior to buying a warranty.
Before purchasing, you should estimate the level of coverage your home will need. You don’t want to dish out too much money on coverage if your house is brand new because it’s highly unlikely certain things will break during that time period. However, if your home is more than 10 years old you should spend extra money to get additional coverage.
Research the Home Warranty Company
One of the biggest nuances with some companies is that they are really slow about replying to your claims and they take ages to come by to your home and conduct repairs. Some companies may even deny your claims and not come over to your house at all. If you are dealing with a bad company, it won’t be uncommon at all to have to convince their representative that your replacements and repairs are listed on your contract. This is why it’s so crucial to do some research and find a trusted company that is straightforward and fair. It’s important to find one with good customer service.
Make Sure Your House Needs a Home Warranty
One of the disadvantages to purchasing any type of insurance is that you may not end up using it. You may end up wasting hundreds of dollars every year on a home warranty that is never utilized to repair your home. In the end when you do use it, it may be for a small appliance that doesn’t cover all the costs in premiums you have paid. It’s important to take a look at your home and judge whether you need a warranty plan; if your home is in great shape then you might just be throwing away your money. Remember most homes that are 5 years or younger don’t usually have any major problems; however if your home is older than 10 years old you should probably look into buying a plan.
Compare Prices
Before you invest any of your money, you should compare the prices of the best companies. Find a reputable company that covers all your needs and falls into your price range.…

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Remodeling

Home Warranty Cost – How Much Should You Pay for Home Warranty Insurance?

So how much does a home warranty cost? That is a question that so many prospective home buyers are faced with when they are considering all of the options that are on their plate while searching for a new home. Coming to terms with having to pay for home warranty insurance could save you hundreds or even thousands of dollars, but they are just not the best decision for everybody and that is where I hope to give you a few pointers.
Appliance repair plans, as this type of service is also called, can range in price from a few hundred to several hundred dollars. It all depends on what type of plan that you need to make sure that all of your appliances and systems are properly covered.
What’s not covered by this type of policy?
In most cases, things like neglect and lack of maintenance are simply not covered. For example, if you have an aging air handler for you HVAC system that has never been serviced, this could be cause for claim denial.
Basically you can purchase a policy that will cover most of your major systems like plumbing, electrical and HVAC system for a few hundred dollars. And likewise, if you only want your major appliances covered like your range, oven and microwave, then that should cost you a few hundred dollars also.
Most first time home buyers are looking for a comprehensive plan that will cover most everything that could cause them problems until they are comfortable in their new home. This type of coverage varies from company to company so you should check with each individual firm to read up on their options. Comprehensive home warranties will cost you from a range of $400 to $600 dollars.…

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Home Contractors

Purchasing a Home Warranty – Important Things to Remember For Home Buyers

Purchasing a home is a very important investment especially for first-time home buyers who are new in the real estate industry. Making sure that you undergo legal and proper processes in buying your house is essentially important. One of the vital components you need to consider during home purchase is securing a home warranty. Home sellers and home buyers alike need to learn and understand the mechanics of home warranty in order to get the most out of it for their advantage.
What is home warranty?
It provides protection for new home owners against any maintenance or repair problems which may occur during the first year of occupancy. It is quite a nightmare for home owners to realize that even if they have just moved in, they are already dealing with various breaks or malfunctions in their new home. Repairs and fixtures certainly cover myriads of systems and items in the house, therefore to have a total peace of mind and worry-free living, it is a sound idea to invest on home warranty. This is an important notion to consider especially for first-time home buyers who basically do not have any home maintenance experience.
How much is it?
When purchasing home warranty, you need to prepare approximately $250 to $400 depending on your preferred coverage. Most companies offer home warranty with special discount rates and policies. The policy may expire or can be renewed since it is paid in advance for one year.
In buying a home warranty, make sure that you have substantial knowledge about it since most home warranties are mistaken with home insurance. Home warranty covers house repairs and replacements of appliances which are not functioning like refrigerator, stove and air conditioning among others. It also deals with roofing or plumbing issues inside the house. Home insurance on the other hand deals with protecting your house from fire or theft and is also liable for injuries incurred in your property or by a member of your family.
How does it work?
Here are some of the things you benefit from for purchasing one.
o Any home system or appliance that breaks or malfunctions are taken cared by the company.
o Home warranty company calls a qualified service provider to cater to the problem covered by the policy.
o The service provider fixes the problem of the policy owner and if an appliance seized to work or functions and is beyond repair, the company pays for the replacement and installation of the appliance. It is important to note that replacement of appliances depends on the policy bought by the home owner.
It is an indispensable tool you can always access especially during hassles inside the house. It is important to ensure that your home systems are functioning well in order to conveniently do your daily chores and activities in the house without worries and delay. With the right warranty company to provide you with your personal and distinct needs, you are sure that you are protected from the maintenance anxieties and financial losses due to your house repair and appliance malfunctions.…

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Basement Remodeling

Home Warranty Plans For Home Sellers

The uncertainty of purchasing a home that isn’t new can be a bit unsettling. Is everything working? Will it all keep working? Even with a thorough home inspection, you don’t know how long the appliances or systems will last. More and more home sellers are turning to home warranty plans to persuade buyers to buy, and this is why:
To Avoid Disputes
Once in a while, after the sale of a home from seller to buyer, something will break soon after. This may or may not be the fault of the seller, but often times, the buyer assumes it is. It then turns into a dispute over who has to pay for it. Purchasing a warranty plan helps avoid this because the plan covers the costs of most repairs and replacements.
To Reassure Buyers
Buyers don’t know if they can trust the seller. They don’t know the history of the home or what’s inside it. Home inspections can help with this, but there’s still the uncertainty of how long everything is going to last and if the buyer will be able to afford the cost of maintenance for the home-which can be expensive. Warranty plans can resolve all of this and give the buyer peace of mind, knowing they’re covered in the event of maintenance problems.
To Protect the Seller
It’s not too common, but sometimes things break during the listing and escrow period. Then what? The seller then has unexpected and unwanted extra costs-on top of the costs of selling a home. It’s an unnecessary stress that can easily be avoided by getting a warranty plan. Do yourself a favor.
To Give Buyers Confidence in Buying a Previously Owned Home
When buying a new home, everything is new, and buyers aren’t so worried about breakdowns and maintenance. This is an extra appeal for new homes. But what about homes that aren’t new? For a seller with a previously owned home, you want to give buyers every added confidence you can give them that your home is the right home for them. Home warranty plans are the way to do that. That way, buyers can trust that even if something does break, it will be okay. Home warranty plans are a great option for sellers and buyers.…

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Renovation Contractor

How to Negotiate With Home Warranty Companies

After you have purchased a home warranty, at some point in the future, there is no doubt that you will file a claim with the company in question. Negotiating with the different companies can be a hassle, but most of the reputable ones will deal with you professionally, but the outcome concerning your claim may not make you happy. What I am talking about here is claim denial and this is where I am going to give you a few pointers.
One thing that you should remember is that any type of insurance company has to deal with a great deal of fraud, so they have many protections put in place to roadblock fraudulent claims or frivolous complaints. But these policies sometimes frustrate homeowners with legitimate claims.
Here is the first thing that you should remember.
When you call in to report your claim, you must remember that the person that you are talking to is just doing their job. You should make sure not to exaggerate your situation or have an unnecessary attitude with the representative. You will catch more flies with honey. Always remember that.
After you have calmly reported your claim, you need to consider the fine print on your policy. If your problem is due to neglect or improper installation, you may just be out of luck, but if you feel like your claim is legitimate and you feel like you are being dealt with unfairly or in an unprofessional manner, then you have another option that many people don’t think about.
If you purchased your home warranty at the closing of your new home, then you probably bought it from your real estate agent. And chances are, he or she has made a commission off of its sale. And that means that the real estate agent has a relationship with the company and you can use this to your advantage. Call them up and see if they can offer you some assistance. Mostly likely they will be a little reluctant but willing.…