So you’ve closed on your new house, you’ve moved in, and you can’t believe it – the water heater has decided that your household doesn’t really need to take hot showers or wash dishes in hot water. You can’t help but to ask yourself why, why me, why now? You just spent all that money on your new purchase, everything looked great on the inspection, you were ready to finally take a load off and decompress, but surprise, your agent forgot to mention that home ownership is hard.
This kind of thing happens all the time and much more often than any of us can possibly enjoy. Constantly replacing and repairing items inside of the home (along with outside maintenance and bills) can get really expensive, especially when it comes to large appliances or systems that decide to quit functioning.
Don’t let that scare you away from buying a home though. There’s something great in knowing that you’re spending the money on something of your own, and pride should definitely be taken in that. Instead of waiting for the next big catastrophe, get yourself a home warranty and continue to update it until you no longer have the home.
Protect your Hawaii real estate investment with a home warranty
What is a Home Warranty?
A home warranty is a separate service contract that protects you, the homeowner (whether buying or selling), from costly repairs and replacements due to normal wear and tear for the period of one year – not to be confused with homeowner’s insurance.
“When a home warranty is understood and utilized for its intended purposes, it can be the easiest way to save on home repairs and reduce the extra stress that comes with buying or selling a home.”
Home warranties cover many, but not all, of your home’s major systems and appliances as long as they are in good working order upon entering the contract with the warranty company. Prices on home warranty contracts typically run around $300 – $400, so it’s important to compare multiple companies before deciding which one is best suiting for your coverage needs and your budget.
Always be sure to fully read and understand the contract so that you are familiar with any deductibles that may be associated with filing a claim. When a home warranty is understood and utilized for its intended purposes, it can be the easiest way to save on home repairs and reduce extra stress that comes with buying or selling a home. Plans are also customizable, so keep in mind that if you’re not finding exactly what you’re looking for, there are companies willing to work with you.
Hawaii’s Top 5 Home Warranty Companies
Rated amongst the top five home warranty companies in Hawaii include:
- American Home Shield (AHS)
- The Home Service Club
- Total Protect
- Select Home Warranty
- Home Warranty of America
It is important for consumers to understand their state’s regulations for companies that offer to provide maintenance or repair services and/or coverage for related costs since some companies may be operating without proper licensing.
If you would like to know more about home warranties in Hawaii, please contact me.