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
• washers and dryers
• ranges and ovens
• 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.
Age of the appliances