Question And Answers About Home Warranties

Question And Answers About Home Warranties

Image title


Do you need home warranty?

Not every home needs home warranty coverage. So, as a homeowner, you should get appliance warranty plans if only it makes financial and practical sense. Home Warranty is a appliance repair contract which takes care of repairs of electrical, plumbing and appliances inside the home.

When is the best time to purchase a home warranty?

Purchase it through a real estate transaction where they will get a discount if they purchase the home warranty within 30 days of closing. That said, you can purchase a home warranty at any time on a house of any age, no matter how long they have lived in it. Homeowners purchased a home warranty as a protection plan for their appliances and systems that will inevitably fail.

How much is an average home warranty?The size of your home may also be a factor. Anything over 5,000 square feet will cost extra, but that is typical of all home warranty companies. Can be $43 per month with a $100 service call fee, but the price you get may be completely different. Packages can range from $300 to $600 or possibly more depending on plan and size of home.


Who pays for home warranty in a real estate transaction?

Now, whether the seller pays for the home protection plan and home warranty coverage or whether the buyer pays for it, will depend on your local customs. It varies. In many locales, it's normal for a seller to pay for the coverage because it's a seller benefit.

How long do home warranties last? Components of the heating, ventilation and air conditioning system as well as the plumbing network may be covered for at least one year. Some builders may extend home warranty coverage up to 10 years for major structural defects in new construction homes.


Do home warranties have a waiting period?

Having a home inspection is a good idea. Home warranty companies will only repair and replace a system or appliance covered by your home warranty contract. If you open a claim on a failed system or appliance after the 30-day inspection wait period has ended, a contractor will come and diagnose the issue.

Do Home warranties cover pre existing conditions?

Whether or not a home warranty company will cover these pre-existing conditions depends on the home warranty company's contract. ... If a home inspection is completed 60 days before coverage begins and shows the failed system or appliance in good working condition and properly maintained.

Are Home Warranty Premiums Tax Deductible?

The Internal Revenue Service (IRS) allows several home related expenses to be deducted from income tax. While most homeowners enjoy tax exemption on expenses like mortgage interest, property taxes etc, some are unaware whether home warranty premiums are allowed deductions.

As this is pretty basic question and answer information, I highly recommend that you do diligent research for your particular needs and situation. Below are a few links to home warranty companies.

HSA Home Warranty

American Home Shield

Select Home Warranty

America's First Choice


Jim Sfarnas Headshot
Author:
Phone: 513-657-9272
Dated: April 16th 2019
Views: 78
About Jim: My goal as a Realtor is helping people find their perfect place to call home and helping sell their ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Should I Paint My Walls White - Here are points to consider before
Oct 6 2019 66191 1 - Alex Altaly, Luxury Realtor,;
FIVE Reasons Vero Beach Is Your New Favorite Florida Destination - Five Reasons Vero Beach Is Your
Sep 17 2019 66191 1 - alex altaly high end realtor;

Our Bloggers

Alex Altaly - 5
Semion Androne - 7
Jerome Ball - 18
Gary Brown - 2
Erin Claxton - 1
Jeff Derringer - 1
Hossam Elsayed - 10
Tim Enzweiler - 12
Jennifer Gonzalez - 7
Laura Hayes - 2
Kristen Heap - 2
Michael Heck - 5
Ayesha Isaac - 1
Ron Johnson - 4
Denis Joseph - 2
Lori Kempton - 2
Stephen Moore - 1
Terry Murray - 3
Rose Nassar - 4
Dennis and Laurie OBrien - 5
Candace Rebecchini - 7
Eric Russell - 1
Chris Russell - 69
Jim Sfarnas - 27
Christina Strickland - 10
Meredith Thomas - 1
Karin Waterschoot-Perez - 39

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Plum Tree Realty
9078 Union Centre Blvd #350
West Chester Township, OH
513-214-0578
513-318-0117

Other Locations