Unexpected Household Expenses
It is common for Sellers to consider offering a home warranty or protection plan to make their home more marketable. A growing number of homeowners are also now purchasing this type of protection for themselves to limit the unexpected expenses of repairs and replacements.
A home warranty or protection plan is a renewable service contract that covers the repair or replacement of many of the components in a home. Some homeowners especially like the convenience that it organizes a qualified service provider as well as the cost of the repairs or replacements.
There are a variety of companies that offer home warranties and the coverage may differ, but the majority of things covered will include heating, air conditioning, most built-in and some free-standing appliances, as well as other specific items. Additional specific coverage may be available for other items like pool and spa equipment.
Some investors are even placing this coverage on their rental properties to limit the amount they pay for repairs during the year. It is a viable way to manage the financial risk and the stress dealing with unexpected expenses.
Call us at (469) 262-5411 if you would like a recommendation of available programs.