The Benefits Of A Home Warranty Plan

by Hank Coleman

Benefits of a home warrantyIf you do not have a home warranty, then you may want to consider getting one. Whether you are selling your home, renting it as a landlord, or living in it yourself, there are quite a few benefits of a home warranty that you can take advantage of using.

Your Home Will Be Preferred By Buyers

If you want to make your home a preferred home to potential buyers, then you will want to have a home warranty plan on your home to help you attract buyers. When you have a home warranty, then the chances are there will be more potential buyers interested in buying your home.

A Gallup Poll revealed that 8 out of 10 buyers actually prefer to purchase a home that has a warranty plan. So, if you want to make your home more preferable, then get a home warranty plan for it.

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Buyers Will Be Attracted To Your Home

As previously mentioned, home buyers will likely consider your home to be a preferred home when you have a warranty plan on it. That’s one of the benefits of a home warranty.

However, another one of the benefits of a home warranty is that you might end up attracting even more first-time home buyers. Many first-time buyers may not want to purchase a home without a warranty because they will not have a lot of money for things such as repairing systems, replacing systems, or even for appliances.

Therefore, you can provide them with peace of mind when you have a home warranty supplied with your home. If you want to attract more first-time buyers, then you should consider having a home warranty plan put on your home.

I used a home warranty from American Home Shield when I was an accidental landlord. It was a great selling point for my potential tenants and then our potential buyers when we were looking to sell our home.

Protect Your Budget With A Home Warranty

If you are looking to buy a home, then you will definitely want to make sure the home you are considering buying has a warranty plan on it. This can help you save some cash, and it can protect your budget.

It will protect your budget because you won’t have to worry about things such as replacing an appliance or an entire home system or make costly repairs that can easily run you hundreds or thousands of dollars. Protect your budget by making sure a home is covered by a home warranty plan. Saving your budget from busting repairs is one of the benefits of a home warranty plan.

Peace Of Mind With A Home Warranty

The one of the main benefits of a home warranty provides either a buyer or seller peace of mind. Sellers have the peace of mind knowing their home is protected from various issues.

Potential home buyers are given the same peace of mind for the same thing. If you want peace of mind, then you will want to get a home warranty on your home.

It doesn’t matter if you are looking to buy a home or if you own a home and considering selling it in the future, a home warranty plan can benefit you. If a house doesn’t have a warranty plan, then you don’t know what you are missing. If you are selling a home or going to buy one, then make sure the home has a home warranty plan.


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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com.


Hank Coleman has written 577 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.


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{ 1 comment… read it below or add one }

Roy

Informative article! I use the home warranty product all the time as a realtor.

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