Buying a home warranty is, in many cases, a smart choice. That’s true whether you’re buying a condo home for sale in Uptown Charlotte, a single-family home for sale in Mint Hill, or even a condo in another area such as South Park or Ballantyne.
But what is a home warranty, and how could it help you?
What is a Home Warranty?
A home warranty is a package you can purchase that will cover your expenses (for the most part) in the event that your new home’s appliances or systems break down due to normal wear and tear. It doesn’t cover you where insurance does, such as instances of damage like fire or natural disasters.
How Do Home Warranties Work?
You’ll pay a premium—typically a one-time fee that’s good for a year—for a home warranty. When something goes wrong with an appliance or system in your home, you’ll call the home warranty company and they’ll set up an appointment with a local expert for you.
You’ll pay what’s known as a “trade call fee,” which can vary between policies; sometimes it’s over $100, but the services that the expert performs, including parts and labor, are typically covered by the home warranty company. If something isn’t covered, the technician or your home warranty company will let you know; that way, you can choose whether to have the service performed.
You should read (and re-read) your home warranty policy to make sure it covers all the things you want it to cover. Often, more costly policies cover more—but that’s not always the case.
Are You Looking for a Home for Sale in Charlotte or the Surrounding Communities?
Whether you’re searching for a USDA home for sale in Charlotte or you’d like to find the perfect place to live in Weddington, we can help.
Call us at 704-608-2794 to talk to a knowledgeable Charlotte Realtor® who can help you find the perfect place to live today.
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- All Charlotte, NC real estate listings
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- New construction for sale in Charlotte
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