Why You Should Purchase a Home Warranty
November 3, 2009 by Customer Care
Why You Should Purchase a Home Warranty in Des Moines, by Des Moines Real Estate Experts RE/MAX Real Estate Concepts
Whether you don the role of a seller or buyer of a home, a home warranty is of utmost significance. It is a protection against economical loss and provides immense peace of mind. Purchasing a home warranty in Des Moines is hence worth all the effort and the cost. If you have employed a real estate agent in Des Moines he will certainly advise you to purchase a home warranty.
What is a home warranty?
A home warranty is a plan that proffers the owner’s property, protection from unforeseen breakdowns of electrical, plumbing, heating and air-conditioning installations as well as dishwashers, stoves, ovens, garbage disposals and water heaters.
Most Home protection plan offering companies also provide optional coverage of Jacuzzis, swimming pools, spas and hot tubs on payment of extra amounts. The protection however is not extended to damage that exists prior to taking the policy. Some companies charge a service charge each time they send a technician for making repairs.
Why should you purchase a home warranty in Des Moines?
It is beneficial to the seller to purchase a home warranty because it raises the sale value of the house in Des Moines by making the house more attractive to the buyer. A home warranty gives the buyer a more solid assurance that the plumbing, heating and electrical components of the house have no blips and in case any arise in the future within a year or so they will be taken care of by the home warranty company.
It also saves the seller from losing money on repairs after his escrow closes. It saves the seller from the hassle of a law suit by the buyer. Possessing a home warranty can also help you get a loan from lenders as they usually ask for complete insurance coverage of your home.
Your home insurance is not as comprehensive as a home warranty because often the home insurance policy does not cover problems like mold infestation, damaged plumbing, heating and electrical systems etc. The home warranty will cover your repair expenses only if damage to the home systems occurred on their own without any negligence on your part.
A home warranty becomes imperative when the home in Des Moines is older than ten years and its heating, plumbing and electrical equipments etc are original. Such systems stand more risk of malfunctioning. If the home systems are subject to heavy use opt for a home warranty.
Always read the home warranty contract well to understand what is covered and what is not, before you purchase it. A buyer can purchase home warranty if the seller does not purchase it.
There is a lot of free information available to you about buying, selling or investing in Des Moines real estate. For complete information about the Des Moines real estate market including sellable homes, property values and more please visit the most complete website online dedicated to everything Des Moines real estate at Real Estate with RE/MAX. Please feel free to contact us with any of your real estate or mortgage related questions and we will be more than glad to answer your questions. Call us at 1-800-708-5890 or email us at dsm@realestateconcepts.net.
Filed under Blog, Hot Topics
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