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Home Warranties: Five Facts to Consider

When you buy a home, there are lots of things to worry about. Is the furnace in good condition? Is the hot water heater on the verge of a breakdown? Is the electrical system up to par? While a professional home inspection can help set your mind at ease, a Home Warranty goes a step further and guarantees your peace of mind... or does it?

Here are five facts to consider about Home Warranties:

Your Home Warranty contract should spell out all of the above considerations in great detail. If you're unsure about anything, ask!

A Home Warranty is often a great idea, since your homeowner's insurance won't cover repair costs for appliances. Particularly for an older home, a complete, head-to-toe warranty gives you a worry-free first year, and you may be able to extend the warranty for additional years after that.

Ask your realtor for advice on a Home Warranty. He or she can probably recommend a plan to fit your needs. Then you can sit back, relax and enjoy your new home!