Considering buying a home warranty? Perhaps you may be wondering if the plan is worth the annual cost and what you would need. Here are five things you can repair with a home warranty:
Most homeowners spend a ton of money on home repairs every year. Experts say that owners should spend about 4% of their home’s value every year on maintenance. Customers who received replacements and repairs on their HVAC systems end up paying $60 for their home warranty rather than a whopping $6,000. This includes the Freon recover and recharge, season tune-ups, and filter drier.
The electrical system in the home is often the most required repairs. Homeowners with a home warranty pay for service repairs and replacements of the panels, wiring, plugs, fuses, switches, conduits, circuit breakers, exhaust fans, and central vacuums.
Another thing homeowners use their home warranties for is to repair or even replace their plumbing. On average, most plumbing repairs cost nearly $200 for labor and parts. Home warranties cover drain line stoppages if the drain line is covered. Pipe leaks are also included especially as pipe leaks are most common.
When moving to a new house, it is most common for new homeowners to change the keys and locks. The home warranty will often be used as a closing gift for homeowners tend to purchase re-keying locks. This helps owners to reduce costs with fantastic deals and a service fee.
Home warranties cover household appliances such as dishwashers, ovens, exhaust fans, garbage disposal, and trash compactors. Whole appliance repairs and replacements tend to cost nearly thousands of dollars, depending on the brand and appliance
These are the most common things homeowners use their home warranties. Keep these things in mind when deciding on a home warranty.