What is a Home Warranty and How Does it Work?

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When it comes to buying a home, most people understand the importance of having homeowner’s insurance, but few people are actually familiar with a home warranty and how it works.

The simple answer is:  A home warranty is a yearly service contract that protects specific home systems and appliances.

Your home’s systems and appliances will inevitably break down over time. A home warranty provides you with some protection when those systems and appliances eventually stop working. Many first-time homebuyers find a home warranty to be an extra layer of protection when extra funds are in short supply during those first few years of homeownership.

How does a home warranty work?

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Tips for Buying a Fixer-upper Home

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It takes willpower and a budget to invest in a fixer-upper home. You have to see the potential, weigh the pros and cons and see the project through to the end. Knowing when to buy and how to flip, can make a stressful project a breeze. How can you tell if a house is a gem worth saving? If you’ve got a DIY mindset, some patience and a few coins to spend, here are some considerations to make when you’re thinking of buying a rehab home. Continue reading “Tips for Buying a Fixer-upper Home”