If you’ve ever had to find a repairman to fix something in your home, you know how expensive it can be. You can save yourself the hassle by signing up for a home warranty plan. Rather than wasting time looking for a service worker, you can pay a monthly or annual premium to have workers sent directly to your home whenever one of your appliances or systems breaks down.
What Is A Home Service
When you own a home, it's a good idea to have a handyman on call. A service provider can help connect you with a technician who can handle routine maintenance or unexpected repairs for your roof or plumbing system.
It's frustrating to have to call around for a service provider when unexpected repairs come up. In the past, you may have looked up local service providers in the phone book or used a home services network.
Home services techs can charge hundreds of dollars for a single visit. The average hourly rate is between $100 and $500, depending on the service. Some homeowners pay as much as $15,000 to replace their HVAC systems. If you're replacing your entire system, you may expect to spend between $15,000 and $40,000 on it!
What Is A Home Warranty
Buying a home warranty plan can save you money on unexpected repairs. Instead of paying for all repairs out-of-pocket, you pay a small monthly or annual fee. If you need a repair, a technician will visit your house or apartment and let you know the cost before doing any work. You pay only for the parts and labor actually used to fix the problem—no surprise costs!
Depending on the home warranty plan you choose, the company will provide coverage for various home systems and appliances. The plans typically include coverage for major components in central air conditioning systems, central heating systems, plumbing systems, and electrical systems as well as kitchen appliances and washing machines and dryers.
Customers are often given the option to purchase additional coverage for their home warranty. For example, if you own multiple freezers and need to replace one, then you might want to opt for add-on coverage. It's also worth considering if you have a pool or spa, a septic pump, a guest unit, or a well pump installed on your property.
Home Warranty Vs. Home Services
There are so many things that can break in a home, and it's difficult to predict when they'll need maintenance. If you own a newer property, you may not need home services for years to come. However, if you do experience problems with appliances or systems in your home, purchasing a home warranty can give you peace of mind knowing that you won't have to pay for expensive repair costs out of pocket.
Home warranties can be convenient for homeowners, as they allow you to have a professional come to your home and fix whatever problems you may be having. With a warranty, you won't need to worry about finding an unprofessional technician or paying too much for an expensive repair.
Plus, it helps you budget. Instead of paying for unexpected expenses, you just have to pay a fixed premium and a low service fee if you need a technician. So it's budget-friendly, and you'll get peace of mind that you're covered if something unexpected happens to your home.