{"id":11798,"date":"2023-05-19T12:28:36","date_gmt":"2023-05-19T19:28:36","guid":{"rendered":"https:\/\/mortgagesolutions.net\/?p=11798"},"modified":"2023-05-14T12:35:05","modified_gmt":"2023-05-14T19:35:05","slug":"home-warranty-first-time-homeowners","status":"publish","type":"post","link":"https:\/\/mortgagesolutions.net\/2023\/05\/19\/home-warranty-first-time-homeowners\/","title":{"rendered":"The Importance of a Home Warranty for First-Time Homeowners"},"content":{"rendered":"

Among the many dilemmas that first-time homeowners face is whether they should purchase a home warranty. With an average cost of <\/span>$600 per year<\/span><\/a>, home warranties are a considerable expense. Often, first-time buyers, who are already stretched thin after the financially draining cost of buying a home, wonder if home warranties are worth the extra expense. Below, we\u2019ve discussed the matter in detail.<\/span><\/p>\n

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Why Is a Home Warranty Important?<\/span><\/h2>\n

Picture this. You\u2019ve just bought your very first home. You have no experience in caring for a home or all the <\/span>maintenance<\/span><\/a> involved. Then, in your first year of living in your new place, you encounter some major issues. Your air conditioning stops working in the middle of summer. One of your appliances like your refrigerator, hot water heat, or stove stops working. Or maybe your pipes burst during a cold winter storm.\u00a0<\/span><\/p>\n

Often, <\/span>first-time homeowners<\/span><\/a> don\u2019t have the necessary skills or experience to tend to such issues on their own. However, some, or all these repairs, could be covered by a home warranty. So even though buying a warranty might seem like an afterthought, it\u2019s not a decision you should take lightly.<\/span><\/p>\n

Are you buying a home with older appliances? Are there any issues that you\u2019re aware of with the water heater, plumbing, or electricity? If you have newer appliances, what repairs does the manufacturer\u2019s warranty cover? These are all important questions to ask when considering if a home warranty is worth it.\u00a0<\/span><\/p>\n

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How to Choose a Home Warranty<\/span><\/h2>\n

If you\u2019ve decided that you want to invest in a home warranty, your next step is to start shopping around and comparing your options. Don\u2019t be like other first-time homeowners who just buy the first warranty someone offers them. Get quotes and compare different plans.\u00a0<\/span><\/p>\n

Here are some tips that can help you choose the plan that aligns best with your needs:<\/span><\/p>\n