This regularly-scheduled sponsored Q&A column is written by Will Wiard, Arlington-based real estate broker, voted one of Washington’s Best Realtors of 2015 by Washingtonian. Please submit your questions via email.
Q: When I purchase a home should I get a home warranty? What does it cover?
A: Often, a buyer will elect to purchase a home warranty when they close on a home. A standard warranty covers appliances and home systems, such as the HVAC and water heater. Usually, the warranty coverage last for a year after purchase and often can be renewed. Additionally, many providers offer extended coverage on more expensive home systems, such as a swimming pool, at an added cost.
If you’re selling a home you may want to consider offering a home warranty, particularly if you have older appliances. It can give a potential homebuyer comfort to know there is added protection if any of the home systems fail soon after purchase.
Homeowners can purchase a standard home warranty at any time regardless of whether you are planning to sell. Before buying the home warranty you will want to take the time to understand what’s already covered as part of any manufacturers’ warranties. And when selecting the policy be on the lookout for any added fees to the home warranty, such as an additional cost for service calls. Some companies also require an inspection of your home systems before you can qualify for the warranty.
Thank you for this week’s question. Please keep them coming to BrokerWi[email protected]. This is also a great place to reach me for anyone looking to buy or sell a home in the Arlington area.
The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.