Buying a home is one of life’s most exciting milestones. REMAX and Select Home Warranty* understand that this moment represents more than just a transaction. It marks the beginning of a brand-new chapter in your life. Whether you’re purchasing your first home or upgrading to your dream home, homeownership can bring joy, opportunity, and at times, uncertainty.
Even with the most thorough inspections and appraisals, no home is completely immune to wear and tear. Systems age, appliances can break down, and unexpected repairs may arise at any time. So, how can buyers prepare for these surprises without feeling overwhelmed? One option worth exploring is a home warranty.
What Is a Home Warranty and Why Does It Matter?
A home warranty is a service agreement designed to help cover the cost of repairing or replacing major home systems and appliances if they fail due to normal use. Unlike homeowners’ insurance, which protects against damage caused by events such as fire, flooding, or theft — a home warranty focuses on everyday breakdowns. Think of it as a safety net for the mechanical and functional parts of your home.
If your HVAC system stops working in the middle of summer or your water heater fails during the winter, a home warranty can help reduce the financial burden of repairs. While a home warranty doesn’t eliminate all costs, it can make them more manageable and provide a clear process for addressing necessary repairs.
Providers such as Select Home Warranty* offer tiered plans that allow homeowners to choose coverage that fits their specific needs. Options like Bronze, Gold, and Platinum packages provide flexibility, whether you want appliance-only coverage, system-only coverage, or a comprehensive plan.
Why Home Warranties Are Relevant in Real Estate
Home warranties can play an important role in real estate transactions. Buyers often appreciate the added protection during their first year of ownership when budgets may be tight. Unexpected expenses — especially for first-time homebuyers, can feel overwhelming. Sellers can use warranties as a selling point, making their property more attractive and reducing the risk of any post-sale disputes.
What Does a Home Warranty Typically Cover?
Coverage varies by provider and plan, but most agreements include major systems such as heating and cooling, plumbing, and electrical. Kitchen appliances like refrigerators, ovens, and dishwashers are often covered as well. Some plans offer optional add-ons for items like washers and dryers, garage door openers, ceiling fans, and even pools or septic systems.
The key is to review what is included — and what is not — before choosing a plan. Every provider has its own terms, so understanding the details is essential. For instance, Select Home Warranty clearly outlines coverage tiers on its plans page, making it easier for homeowners to compare options.
Benefits of Considering a Home Warranty
While no plan can guarantee complete protection, a home warranty offers several practical advantages.
Managing Unexpected Costs
Repairs can be expensive, and a home warranty helps reduce the financial impact when major systems or appliances break down. Instead of paying the full cost out of pocket, homeowners typically pay a service fee and let the warranty provider handle the rest.
Simplifying the Repair Process
Finding a reliable contractor can be stressful, especially during an emergency. Most warranty providers have a network of vetted professionals, so homeowners can skip the search and get help quickly.
Adding Confidence During Closing
For sellers, offering a home warranty can make a listing more appealing. For buyers, it provides reassurance during the transition into homeownership. In competitive markets, this added layer of protection can make a difference.
Choosing the Right Plan
Not all warranties are created equal. When comparing options, consider factors such as coverage details, premium costs, service fees, provider reputation, and the contractor network. Some providers offer customizable plans or add-on coverage, so it’s important to select a plan that fits your home’s unique needs. For example, if your property has an older HVAC system, make sure the warranty includes comprehensive heating and cooling coverage.
Common Misconceptions About Home Warranties
One mistake buyers often make is assuming every breakdown is automatically covered. Most warranties have limitations, exclusions for pre-existing conditions, and caps on repair or replacement costs. Reading the fine print is essential to avoid surprises later. A home warranty is not a substitute for homeowners’ insurance. It is a complementary option that addresses different risks.
Research What is Right For You
REMAX and Select Home Warranty believe in helping clients feel confident at every step of their homeownership journey. A home warranty is not just an optional add-on. It is a consideration that can provide an extra layer of protection and simplify life after closing. By educating yourself as a buyer or seller, you are not only adding value to the transaction. You are building trust that lasts long after the sale.
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