Home warranty policies can be a huge asset for many homeowners, yet many still ask, "Are home warranties worth it?" The answer to this question depends on certain situations. Basic policies typically cover most major appliances, plumbing, HVAC systems and electrical systems. However, a premium warranty often covers specialized repairs like hot tubs, swimming pools, garage door openers, doorbells and even ceiling fans. Policies typically range from $250-1200 per year, depending on the coverage desired. When determining whether or not the coverage is worth the expense when buying a home, here are six things to consider.
Lack DIY Skills or Strapped for Cash?
Many homeowners simply don't have the tools or knowledge to accurately diagnose and repair
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Closing costs can cause stress for home buyers. In addition to being costly, closing costs can be difficult to estimate. Knowing what closing costs are, how much you can expect to pay and when closing costs are due can help you plan for this part of the home buying process.
There's no doubt that buying in a competitive market is intimidating, and it's not unusual for sky-high prices to make a buyer think twice about their plans. But there are still a lot of advantages to buying instead of renting, even in high-demand areas in major cities. In fact, it may end up being the smartest investment you ever make. Follow these tip to get the best possible deal (and to crush the competition.)
The down payment that a home buyer puts on a home can have a significant impact on that home's affordability over the long term. The right down payment can save the homeowner money on monthly mortgage payments while also reducing the loan amount need to make the purchase.
It can be hard to decide which type of real estate to include within a portfolio mix. Those not familiar with investing in real estate may want to understand more about this important way to enjoy additional cash flow and tax benefits.
As interest in green construction has grown, so too has the array of products offered on the market. For the residential real estate market, these are the most popular sustainable materials on the market today for building a new construction home.
Buying a home is a significant and sometimes overwhelming endeavor. Cutting corners can be tempting, particularly in your research. However, dedicating time to these endeavors will give you the best understanding of your options, so you owe it to yourself to do so.
Buying a new home is a huge investment of time and money, and no home buyer wants to be taken advantage of. It’s important for buyers to be aware of red flags that they might encounter when buying a new home in order to protect themselves and their assets.
When will we stop believing some of the common myths being attributed to the home buying behavior of Millennials? It's easy to work with Millennial buyers when understanding their specific needs and that they often want what other groups of homebuyers desire, such as convenient methods of communication and to easily get information on a property.
Some pets can do serious damage to homes where they live. If you're a home buyer trying to purchase a property that has sustained damage from live-in pets, knowing what kind of home maintenance projects to expect can help you prepare to make repairs.
