3 Times You May Need A Home Warranty On Your Knoxville Home

Appliances stop working, your AC unit goes out on the hottest day of summer, or your hot water heater suddenly decides to stop working. When something like this goes wrong, it can be a costly fix. That’s when a home warranty can be a worthy investment.

Home warranties can help off protection when major items in  your home decide to break. For many homeowners, they can offer peace of mind. Still, home warranties do come at a price. They range anywhere from $300+ for just one year of coverage.

If you currently own a home or thinking about buying a home, here are 3 reasons you may need a home warranty.

A Major System Is Getting Old

Whether you’re just buying a house or you’ve lived in a house for awhile, you probably have a pretty good idea which major systems that are getting old.

Things like air conditioning units, hot water heaters, and appliances can be costly to replace when they stop working. Generally, you have an idea when these items are getting to the end of their life. Or, your home inspector indicated that these items are getting towards the end of their life.

When you know one of these items may die soon, a home warranty can be a worthy investment. When a home warranty will pay for the full replacement value of one of these items, it can be worth paying for a home warranty.

It’s important to keep in mind that home warranties will not offer coverage for home’s with pre-existing issues. If you’re afraid an item may go out, it’s important to get the coverage sooner rather than later.

You Want Peace Of Mind

Peace of mind is one of the largest reasons you may want a home warranty. If you’re someone who worries about things breaking, a home warranty may be a worthy purchase for you.

By having a home warranty, you get yourself guaranteed protection for when something large breaks in your home. If you want that kind of dependability and peace of mind, a home warranty can be a worthy investment.

Just be sure you do your research and know what exactly the home warranty does and doesn’t cover. You don’t want to have something break only to find out that it is not covered by the home warranty.

You Don’t Have A Large Emergency Fund

Finally, a home warranty may make sense if you don’t have a large emergency fund.

While home warranties are an expense themselves, the cost pales in comparison to some repair costs. If you don’t have a large savings built up, they can be a good way for you protect yourself from a large out of pocket expense.

When protected item in your home breaks, you’ll contact an approved service provider and just pay the service charge on the item. This is significantly less that having to pay the full amount of repairs oftentimes.

Are you thinking about buying a Knoxville this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at[email protected] or by phone at 865-696-1888.

If you’re ready to start your home search today, be sure to our Knoxville Home Search Page.