Should a Homebuyer consider a Home Warranty When Buying a New Home - Howard Zelin

When buying a new home, homebuyers always consider that nothing can go wrong with the newly built construction, atleast anytime soon. Whether your home is a custom home or new housing development, all the installations and appliances are new and recently inspected.

But as all the experts and agents will tell you, even the newly constructed houses can sometimes have problems, incurring unexpected expenses. A warranty program can cover construction related all the defects that could offset some of the repair costs.  In this blog post you will briefly explore home warranties including some of the pros and cons of buying one and how they differ from homeowner's insurance.

• Home warranties are an excellent solution if you're buying a brand new home which has a lot of new appliances and fixtures inside of it, or if you're not really the "do it yourself" type and would prefer to make a service call if something inside of your home breaks down.
• Home warranties and homeowner's insurance are vastly different but work together to protect your investment. Insurance policies cover your home against unexpected damage – fires, crime, wind storms, water damage and more, depending on your policy.

Downside of Home Warranty 
Of course, there are a few downsides to buying a home warranty.

• You'll need to pay the up-front purchase cost of the warranty unless you're buying a brand new home in which the warranty is included. 
• You'll also find that warranties generally won't cover a lack of maintenance due to the previous homeowner, which can be a bit of an issue if something breaks down and you find out it's not going to be covered. 
• Finally you may find that any necessary repairs are actually less costly than the warranty itself.

As you can see, home warranties aren't the perfect solution for every scenario but if you're buying a new home they are an option worth considering.