It’s common for Sellers to consider offering a home warranty or protection plan to make their home more marketable. A growing number of homeowners are now purchasing this type of protection for themselves to limit the unexpected expenses of repairs and replacements.
A home protection plan is a renewable service contract that covers the repair or replacement of many of the components in a home. Some homeowners especially like the convenience of being connected with a qualified service provider as well as minimizing the cost of the repairs or replacements.
There are a variety of companies that offer home warranties and the coverage may differ, but the majority cover heating and air condition systems, water heaters, most built-in and some free-standing appliances, and electrical and plumbing items. Coverage may also be available for specialty items like pool and spa equipment.
Some investors are even placing this coverage on their rental properties to limit the amount of repairs during the year. It’s a viable way to manage financial risk and the stress of dealing with unexpected breakdowns and expenses.
Call me at (316) 337-5154 if you’d like a recommendation of available programs.