The inspections went well on you home, but the inspector noted that many of the items in your home are getting old and you should start budgeting for replacement of these items. Wow, what did I get myself into? There is a simple and relatively inexpensive way to guard against unexpected expenses. A home warranty is provided by several companies, they provide repair or replacement of many of the appliances and systems in your home. They generally cost in the $300 to $500 range, for one year, with deductibles of $50 to $75. As an example, you turn on your shower and no hot water, no problem, call the warranty companies number and set up an appointment with a local plumber, they come and check out your water heater and the heater needs replacement, you pay a $65 service call fee, and get a brand new water heater installed right then and there. This is just an example, but waters heaters are one of the most likely repairs, since water heaters have a life of 6 to 10 years on average. If you purchase an older home, chances are a home warranty will pay for itself and provide much needed peace of mind.
This entry hasn't been re-blogged: