When to Purchase a Home Warranty: Key Considerations for Homeowners


Purchasing a home is a significant investment, and as a homeowner, you want to protect your property and its systems and appliances from unexpected breakdowns. This is where a home warranty comes into play. A home warranty is a service contract that helps cover the repair or replacement costs of major home systems and appliances due to normal wear and tear. But when is the right time to purchase a home warranty? In this blog post, we will discuss the key considerations for homeowners to help you make an informed decision.

Age and Condition of Home Systems and Appliances:

One of the primary factors to consider is the age and condition of your home’s systems and appliances. Older homes or properties with outdated systems may be more prone to breakdowns. If your HVAC system, plumbing, electrical wiring, or kitchen appliances are aging, a home warranty can provide you with peace of mind by covering repair or replacement costs.

Financial Preparedness:

Evaluate your financial situation and assess whether you have enough savings to cover potential repair or replacement costs. Unexpected breakdowns can strain your budget, especially if multiple systems fail at once. A home warranty can provide financial protection by offsetting these costs with a predictable annual or monthly fee.

Real Estate Market Conditions:

Consider the current real estate market conditions. If you’re planning to sell your home soon, purchasing a home warranty can be a valuable selling point. It gives potential buyers confidence that they won’t have to bear the burden of major repairs immediately after purchasing the property. Additionally, having an active home warranty during the listing period can attract more potential buyers.

Homeownership Experience:

If you are a first-time homeowner or lack experience in home maintenance and repairs, a home warranty can be particularly beneficial. Guard Home Warranty allows you to choose your own contractor, making it easier for you to address any issues that arise. Furthermore, you can submit a claim online 24/7, allowing you to get assistance whenever you need it.

Coverage Needs:

Consider the specific coverage needs of your home. Guard Home Warranty offer three plans to fit your needs, including our VIP Plan that is our most comprehensive plan that covers systems and appliances. Evaluate which systems and appliances are crucial to your daily life and choose a plan that meets your requirements.

The decision to purchase a home warranty depends on several factors such as the age and condition of your home, financial preparedness, real estate market conditions, homeownership experience, and coverage needs. By carefully considering these factors, you can understand how important it is to purchase a Guard Home Warranty Plan that aligns with your needs and offers you peace of mind in protecting your most valuable asset—your home.