Tips for first time home buyers
Tips for First Time Home Buyers
Buying a home for the first time is very exciting – no more renting, you are now paying and investing in yourself by paying your mortgage. However, through all the excitement of a mortgage and buying a new home, it’s easy to get carried away and to forget some important things you should be looking for. It would be awful if your first home buying experience turned out badly and you bought a house that was a money pit because you didn’t take a few moments to look at all the aspects.
One of the key things first time home buyers should do is look into home warranties. A home warranty works similarly to warranties that you have on your vehicle or your appliances. You wouldn’t buy a new car or an appliance without a warranty, so why would you make the biggest purchase of your life and not get a warranty? Home warranties cover pressure washing company a variety of major repairs that may happen after you purchase the house. Home warranties are available for both new homes and older homes.
Either the buyer or seller can purchase a home warranty. If the seller has purchased the home warranty, it’s because they are trying to secure their pricing on the home and sell their home faster. As a buyer, you would purchase a home warranty as a safe guard against any major reparations that need to be done to the home that you couldn’t see, or tell, when you purchased the house.
Regardless of who purchased the home warranty, it is important to look at the coverage that is offered by the company. Coverage varies from company to company and state to state. When you talk to a home warranty agent, or look at the sellers’ policy, be sure to ask what is and is not covered on your home warranty specifically.
Most home warranties will cover:
Air conditioning system
Built in dishwasher
Built in microwave
Built in trash compactor
Ceiling fans
Central heating unit
Duct work
Electrical systems
Garbage disposal unit
Plumbing systems
Refrigerator
The oven or range
Washer and dryer
Water heater
Most of everything else is not covered. This includes:
Outdoor sprinkler systems
Outdoor water systems
Faucet repairs (unless otherwise stated in the policy)
Spas (you can request/add this coverage in some cases)
Pools (you can request/add this coverage in some cases)
Hot tubs (you can request/add this coverage in some cases)
Permit fees
Hauling away debris
Hauling away old appliances
It’s also important to find out when a request would be denied. There are plenty of reasons why a home warranty would be considered void, including:
