Negotiating a Home Warranty Plan into Your Purchase

Negotiating a Home Warranty Plan into Your Purchase


When you purchase a home, the last thing you want to deal with is a busted refrigerator, stove, air-conditioning unit, or furnace. You also do not want to have to fix faulty plumbing or electrical wiring. Having a home warranty plan will help protect you from having to do that kind of extra work on your home after you have just purchased it. Many people see the home warranty plan as an extra out-of-pocket expense, though it does not have to be.

Many times, the seller will pay for a home warranty for the buyer sense, after the closing, you will no longer be in contact with the seller. Occasionally the real estate agent will give a home warranty to the buyer as a gift at closing.

There are many things that a home warranty will typically cover. Below are the things you would normally find in your warranty.

Heating and cooling systems: a home warranty will typically cover central heating and air conditioning units. These can be some of the most expensive items in a home to replace, and some of the most necessary. Because AC units and furnaces are complex systems, it is best to have coverage on them for a minimum of one year after you purchase the home.

Appliances: to purchase a new refrigerator, you may be set back around $1000. Unfortunately, that brand-new expensive refrigerator you just purchased will fail eventually. Typically, you can buy the manufacturer’s extended warranty, but that will leave the rest of your appliances to chance. Those costs can be great. If you must purchase a separate extended warranty for each appliance, you may as well opt to spend on a comprehensive home warranty plan instead.

Electrical: electrical wiring is another area where you could end up spending a lot of money. Having to rewire a home because of the wire aging or an unknown rodent infestation can add several thousand dollars to your homes cost. This can be quite a blow after you have Artie shelled out thousands of dollars to purchase your home. Not only this, but electrical systems are dangerous to work on and electricians are not cheap.

Plumbing: it is a fact that plumbing leaks. You must deal with this eventually. It’s up to you to figure out how to deal with it. Many times, a home warranty will cover your plumbing so you will not have to deal with the problems that come along with it but, rather, hire a professional to deal with it. Whether you get a cold snap that bursts your pipes or your hot water heater busts open, spilling water all over your flooring, a home warranty will help take care of your problems. Plus, a home warranty would help pay for carpet cleaning services if the plumbing causes your carpet to be saturated with water.

Typically, it is not difficult to negotiate a home warranty when you purchase a home. Simply ask for. Having a home inspection done prior to purchasing may increase your chances of getting a warranty. If you find something in the inspection that needs fixing, ask for a warranty. Usually, the seller will want to close the deal and will be willing to pay for the warranty for you. This is especially true in cases where the seller is desperate to sell the home. Either way, it never hurts to ask.