Unexpected things can happen when you buy a new home—especially if it’s been vacant for awhile, or if it’s a new construction—and you’ll be the first one living in it.
Home warranties are designed to cover unexpected problems with the systems in your new home—such as the plumbing, heating system, or appliances, depending on your warranty coverage. They typically run between $300-$600/year in premiums, and many people opt to have coverage for the entire first year in their new home.
So why buy a home warranty? As homes age, problems can pop up unexpectedly. Since you haven’t been living in the new home, it will be difficult for you to predict how effectively the systems will run, or how well-maintained they are—or which ones have experienced problems in the past.
If the house has been empty for awhile, then routine maintenance may have been neglected. That means that small problems have likely been ignored, and may now cause a larger issue. For example, a small leak in your dishwasher may now flood your kitchen the first time you use it.
But even if you’re building a brand new home, remember that it’s full of untested things—not just dishwashers, but also showers, drains, water heaters, and air conditioning units. Anything can happen in the first 12 months of home ownership, and having a service provider available to help fix issues 24/7 can mean peace of mind for you, and your family.
In addition, a good home warranty can actually prevent some future issues from happening. For example, ReeceNichols partners with A.B. May to provide a 13-month new home warranty for all home buyers—that includes regular, seasonal check-ups on HVAC systems. This ensures that heating and cooling systems are in good working order for the season. It can also prevent unwelcome surprises when you turn on the air conditioning on that first hot day in summer.
If you decide to buy a home warranty with your new home, be sure to get one with 24-hour emergency service, 7 days per week. Ideally, it should cover:
- Drain lines
- HVAC systems
All homes sold through ReeceNichols automatically come with a FREE seller’s warranty—through our partnership with A.B. May. Our HomeWarranty PLUS program protects against any major issues that come up during your listing period.
Contact Us today for more information.