It is also probably the largest investment you’ll ever make. That is why you protect it with homeowner’s insurance. But what about the items not covered by insurance? A home protection plan is a one-year service contract that covers the repair or replacement of many major home system components and appliances that can typically break down over time. Statistics show that within the first year of living in your home, there is a 68% chance that a major system or appliance will break down. An unexpected breakdown can be financially devastating to your budget. A home protection plan, or home warranty, should be considered for:
- Single family homes
- New construction
- Condominiums
- Vacation homes
- Rental properties
- Townhomes
- Foreclosure properties
- Multi-unit properties
Other than the new construction plan, which covers years two through five, home protection plans last one year, starting on the date of closing.
Selling a Home
When you are selling a home, you want to find ways to make your home more attractive to potential buyers. A home protection plan (home warranty) can make your property stand out by giving buyers the boost of confidence they need to make a decision in your favor. There are a lot of compelling reasons for you to include a home warranty on your listing:
- It may discourage downward price negotiation
- It can help distinguish properties from other listings
- It can help boost buyer confidence
- It can help reduce your liability in post-sale issues
Help protect yourself and the future buyer; ask your Ruhl&Ruhl sales associate to include a home warranty plan in your contract when you are selling a home!
Buying a Home
When you’re buying a new home, you’re making a major investment in your family and your future. A home protection plan can give you the reassurance of knowing you’re helping to safeguard that investment. A home protection plan puts you in control of your budget with an economical way to help protect against otherwise potentially costly situations when you are buying a home. There are many reasons for you, as a home buyer, to include a home warranty in your contract:
- Relief from some of the expenses of unexpected breakdowns on covered items
- Affordable, flexible and customizable plans
- Access to a network of service contractors
- Increased confidence in your home purchase
For additional information, contact your Ruhl&Ruhl Realtor, or Customer Service at 563-441-1776.
