Posted tagged ‘home warranties’

Do you know everything you should about home inspections and warranties?

February 13, 2014

Home Inspection

If you have spent any time on HGTV or are familiar with Mike Holmes, Canadian’s “Make it Right” guy, you know how important it is to get a home inspection before you sign on the dotted line.

Trying to rush things because you are hopeful things will just work out, or trying to beat out other offers by not having any buyer stipulations just isn’t wise. Moving into a home without a previous inspection can leave you saddled with emergency roof repairs, plumbing issues, hazardous wiring, insulation and asbestos issues, and so much more. Don’t leave it up to chance – invest in a home inspection.

In order to find a home inspector, Dian Hymer, author of “Buying and Selling a Home A Complete Guide,” Chronicle Books, San Francisco; 1994, advises looking for someone with demonstrable qualifications. “Ideally, the general inspector you select should be either an engineer, an architect, or a contractor. When possible, hire an inspector who belongs to one of the home inspection trade organizations.”

So where do home warranties come in? For home ownership, you can expect at minimum 1% of the home’s value each year in maintenance costs. This could come in big chunks like replacing your AC, fixing your roof after a hail storm, or fixing damaged pipes after a freeze. This type of protection simply saves you money in the long run, and could really help you in the event of large home repair expenses.

There are a lot of home warranty plan options out there, so again, due diligence is wise. Sites like can be helpful in determining which plan is right for you.

For more tips on buying or selling your home, visit our Resource Page for Home Buyers

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