A home warranty is an insurance policy for a buyer who purchases a home that has older appliances. It is also for Santa Cruz home purchases where the buyer does not know the age of the appliances.

A typical home warranty plan will probably cover:
• air conditioning
• heating with ductwork
• electrical systems
• plumbing
• washers and dryers
• dishwashers
• ranges and ovens
• refrigerators
• water heaters

When is a home warranty a good deal?  It may be a good idea if:
• The appliances are near the end of their life expectancy
• You do not know the purchase date or age of the appliances

When is a home warranty not a good idea?
• If you are purchasing a new home, the builder most likely provides a warranty.  Check into that, as a separate warranty might not be needed.
• If you have a repair company you absolutely must use, their work may not be covered by the warranty.

If the Santa Cruz home you are purchasing comes with a home warranty, research the warranty before signing it. Some warranties are transferrable; some are not.  Some warranties limit you to hiring a particular company; others will not cover everything. 

If you’d like to buy a Santa Cruz home that comes with a warranty, call me today at 831.662.6522 or email me at Lauren@LaurenSpencer.com.

For additional real estate information, please visit my home page at www.MySantaCruzRealEstate.com.

Links:

Home Warranty

Life expectancy

Age of the appliances

 

Posted by Lauren Spencer on

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