Anybody who has bought a house knows what closing day feels like. You probably saw the date changed at least once, maybe more than once. You waited for closing. The paperwork trail was long. The bank’s questions had all been answered. The title had cleared. Everything was finally in order, and you saw the keys to your new home for the first time. And the excitement of it all, for many of us, even in memory, is on par with a short list of big life events that we’ll never forget, especially that feeling of being in our own space and to protect our children is something great in itself!
But after the newness and excitement are in the past, home-ownership isn’t always the boon of big advantages over renting that we expect. And these days it’s all too common for buyers of brand new houses to find that the list of half finished, poorly done, and improperly completed work in a new house is long. If you are one among many homeowners, ones who found their dream home wasn’t such a dream upon closer inspection, then you already know that a home warranty doesn’t necessarily protect you or your finances in the event the builder of your home rushed through the work, committed architectural no-nos, or had teams of employees who failed to communicate well together.
Homeowners who closed on new homes, only to find that the builders had made huge mistakes or deliberately violated building codes, know all too well that many home warranties are only as good as the financial stability of the builders themselves. And homeowners who attempt to replace a lost builder’s warranty with one offered by aftermarket home warranty providers may find that pre-existing condition clauses free the company from the obligation to pay many claims that are related to the builder’s errors or bad decisions and calls for a better judgement to be made to protect the interests of the end-user.
But isn’t a home warranty supposed to protect home buyers? Yes, it’s supposed to do that. But the difference between what is supposed to happen with home warranties issued by builders and what actually happens in many cases these days is as big as the difference between states’ regulations on builders and the enforcement of those regulations.
Printed media have been all over this problem for years now. There have been dozens of different reports made by reputable newspapers, magazines, websites, industry organizations, such as The American Institute of Architects, and consumer-facing organizations such as Consumer Reports, each one reinforcing the alarm to consumers that you can’t buy a new house and assume that any problems with it will be remedied by the builder or the home warranty.
What new home buyers and even buyers of existing homes need to understand is that the best protection against huge home repair costs is usually careful scrutiny of the builder. Since states vary greatly in the way in which they regulate builders and building codes, and since enforcement these days is oftentimes limited by budgetary problems, home buyers should not feel too confident in the long-term structural integrity of a house without doing some serious due diligence. That includes checking out the builder’s history and financial health, but it also includes putting extra eyes on the construction while it’s in the process. Home buyers who skip the work involved in ordering inspections of various steps of the construction of their new houses leave themselves open to all kinds of post-closing surprises. And if the builder files for bankruptcy, as so many have done since the housing market crash of 2007, then the owner of a home that was poorly built may be out of luck, no matter what promises were made in the home warranty. So protect yourselves by conducting a thorough research on the internet and in trusted domains like HomeWarrantyReviews.Com
On the lookout for appliance repair costs? Fret not! We have collected the information you need. In this article we have covered the repair costs for the common household appliances.
This is just a generalized average national cost for the whole of USA. The cost will vary from state to state. If you have a Home Warranty you can save loads of cash on repairs and replacements. The chart we have here lists the costs for appliances that are fairly old (above 4 years) and normally in such cases, an appliance warranty is highly recommended.
With the data available on sites mentioned above, we calculated the values by taking the average national repair costs. Another thing to keep in mind is that the labor charges also vary from jurisdiction to jurisdiction. You need to account for that as well.
May we remind you again that this is simply an estimate of the amount involved in repairs of household appliances. As mentioned before, the costs vary significantly with the state you reside in. Costs can be higher than the prices quoted here. If your appliances are over four years old, consider purchasing an appliance warranty. For assistance, you can refer to our Home warranty buyers guide.
According to various reports, the repair/replacement cost of a single appliance is almost equal to the annual premium of a home warranty plans. On an average, a basic home warranty plan would cost somewhere around $250-$600. From the table above we can see that in some cases, repair charges alone are $250+.
Hence, on many aspects it seems wise to purchase a home warranty. These plans also have the added beauty of being convenient. No homeowner will have to go looking for a technician or carry the broken appliance to a service vendor to get it fixed.
That said, it is vital to purchase the home warranty from a reputable provider to avoid unpleasant experiences.
Wouldn’t it be much more easier if the appliances would take care of themselves? Sadly that is so not happening. Every homeowner must ensure that his/her devices are maintained well because, mind you, common warranty programs do not cover damages resulting from lack of maintenance (unless you opt for such plans.). So let’s discuss a few tips that helps maintain clean and properly functioning appliances.
That’s one place that requires quite a lot of work. Let’s begin with what we must NOT do so that they don’t get clogged up and cause a headache
For further assistance, read All you need to know about Garbage disposals.
This one needs major attention because a badly maintained HVAC gadgets such as a furnace can be a source for carbon monoxide, known as the gas that causes asphyxiation (which by the way is fatal)
Moving on to the tips
Well we could go on all day discussing tips, because trust us there are quite a lot of appliances out there. For your convenience (and ours), let’s just take a look at Home Maintenance Tips for a much more detailed description. Hope you enjoyed the read, thank you!
Usually, appliances last for several years, mainly when they are properly maintained. Adequate maintenance actually brings down faulty function incidents considerably. When household appliances no longer work, you have two alternatives. You could either substitute it or repair it. In order to make the right decision, many points have to be kept in mind. Firstly, make sure your commercial appliance’s age and warranty period. If the particular warranty period continues, your repair could fee you nothing, or much less than what you suppose to pay otherwise.
Assuming that the warranty period is over and consequently repair shall be pricey, then you certainly must consider a few points. You must begin with obtaining estimates and quotes from no less than four different service providers. If the cost is about 50% of the cost of a new appliance then it is worth getting the repair done. If not, it would make more sense to just upgrade to a newer model. An amazingly old kitchen appliance may give you the situation of hard-to-find spare parts. Your repair guy might have a tough time discovering suitable appliance parts and he could charge extra for that too.
Getting original parts to be substituted by spare alternatives is not a very good idea. There are high chances of making more troubles than answers. Even if it does not prove to be a fix, you will face stumbling blocks later on. Throw away your appliance and get yourself a new one instead. New models from reputable warranty companies tend to be more energy-efficient and reasonable. By employing environmentally friendly commercial appliances in your business, you will also be promoting goodwill and sales among your patrons. It also transforms to lower energy expenses and more savings. The extra cost will surely be justified over the years.
Commercial appliance repair service is normally billed for on hourly basis. Average hourly rates for the first half an hour could vary between $50- $70. After that, for any subsequent moment block the rates will be a few dollars less per half hour. On average, if you are a regular customer of a company, you can anticipate to pay 10$-20$ per hour for time slots from your technician. Lower rates are charged if your appliance is delivered to the provider shop and the technician did not have to go onsite for the repair. Sometimes based on the complexity of the job, the rate will vary. This will usually adjust in benefit of the client as then, the duration of time taken for repair is not of importance. The person will not be anxious about being charged too much.
When calling your repair services call center or offices, bear in mind that ‘overtime calls, i.e. the calls taken after business hours, on holidays, and on weekends, will naturally cost you extra. In fact, charges might even be as much as 25% over. Thus, take thin in account. If the repair is not an emergency, calling for an urgent ‘overtime repair’ is not a very smart idea.
If you are most consumers, you would not even consider buying a new or pre-owned car without some type of warranty. So why would you purchase a home without similar protection? Well, the simple answer is the majority of people just don’t know that home warranties exist. But as home sales are rising, buyers are negotiating for the best possible deals and sellers are seeking for advantages to make their home more pleasing. As a result, home warranties are rapidly becoming part of home sale transactions on both sides.
A typical pre-owned home warranty is a service agreement provided to the sellers and/or buyers all through the sale of a home that protects the home’s essential mechanical systems and appliances. Usually, home warranties protect sellers and new homeowners from repair and/or replacement costs that are not covered by their homeowners’ insurance. While specific coverage differs, some of the most common items covered are the water heater, HVAC system, plumbing and electrical system.
According to Homewyse, in 2012 the average cost to Repair Appliances varies from $184.63 to $242.40 per each appliance.
Your cost depends on material costs and local labor, level of preparation, finishes quality and job complexity.
The cost estimate includes:
The cost estimate does not include:
The following list comprises major work tasks commonly performed during Appliance Maintenance.
Make use of this list to know the timing and sequence of different steps in the Appliance Maintenance project.
The table mentioned below is provided by Homewyse which is a vendor neutral, comprehensive online reference for the home. It is published by competent home design and construction professionals who seek to produce a “level playing field” for trade professionals and consumers. By relevant professional knowledge and expert insight which is easily accessible to the average homeowner, Homewyse facilitates effective decision making in all matters related to home.
|Task||Service Provider||Duration||Do-it-yourself difficulty||Target Cost|
|Install Electric Cooktop||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$513 – $932|
|Install Gas Cooktop||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$583 – $1,062|
|Install Trash Compactor||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$520 – $949|
|Install Range||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$895 – $1,643|
|Install Vent Hood||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$445 – $811|
|Install Washing Machine||Appliance Service and Repair Technician||1 d||Level 3 – Complex, Difficult||$695 – $1,273|
|Replace Washing Machine||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$695 – $1,273|
|Install Refrigerator||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$70 – $117|
|Install Dishwasher||Plumber||1 d||Level 3 – Complex, Difficult||$488 – $886|
|Repair Appliances||Appliance Service and Repair Technician||1 d||Level 3 – Complex, Difficult||$70 – $117|
|Repair Dishwasher||Appliance Service and Repair Technician||1 d||Level 3 – Complex, Difficult||$70 – $117|
|Repair Dryer||Appliance Service and Repair Technician||1 d||Level 3 – Complex, Difficult||$70 – $117|
|Repair Refrigerator||Appliance Service and Repair Technician||1 d||Level 3 – Complex, Difficult||$70 – $117|
|Replace Built-In Refrigerator||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$1,820 – $3,354|
|Replace Trash Compactor||Appliance Service and Repair Technician||1 d||Level 2 – Challenging||$520 – $949|
|Install Waste Disposal||Plumber||1 d||Level 2 – Challenging||$105 – $175|
|Install Ice Maker||Plumber||1 d||Level 2 – Challenging||$230 – $407|
|Install Dishwasher||Plumber||1 d||Level 3 – Complex, Difficult||$488 – $886|
|Install Garbage Disposal||Plumber||1 d||Level 3 – Complex, Difficult||$250 – $444|
Extended home warranty provides warranty coverage for major home appliances after the manufacturer’s warranty period is completed.
Buying the home warranty, avoids unnecessary stress and to assists you in peace of mind. It is truly a best insurance for your investment. The costs are very low compared to repair bills of any of your appliances.
Homeowners are generally provided with home warranty coverage along with the purchase of new house by the seller. But when your original home warranty expires, you have the choice of extending your existing warranty. Before deciding on extension of home warranty it is essential to know whether it is really beneficial to consider the warranty to continue hence let us find the facts on this issue.
The basic home warranties are available at about just $400 per year. Let us assume that the warranty period has expired on any major appliance where the device may have lost manufacturer’s warranty. Just an initial visit may be charged minimum of about $50 to $100. Repair companies will also bill on an hour basis, for the first hour they may charge you about $50 to $70 and sometimes the subsequent hours will be charged less but varies from case to case. Addition to it you are expected to pay for the repair job.
Planning for home repairs is not predictable. Charges on repair job will differ depending upon the system, duration of time since how long you are using the device. In the usual cases home warranty policies covers up the equipments insured for the period of one year once the warranty is about to expire you can just extend the home warranty just by additional payment and renewal of documentation on what all appliances the policy should cover.
Extended home warranty can surely help homeowners in leading stress free life and saves tons of money. It is realistic if you have been repeatedly spending on maintenance and repairs. Usually the breakdown period of appliances starts just before or after your warranty expires because of its usability, if you want to avoid such hassles of contacting repair services. Extended warranty service just makes things easier you are already guaranteed of competent and licensed repair company.
If you calculate, you will surely save thousands of dollars on all the possible repairs, this is quite a big amount of money that you have to set aside if you choose not to opt on warranty. At the end of each passing year you would get a clear idea on how much you need to pay on the renewal of your policy to extend the assurance. There is no need to search for fresh home warranty companies to renew the scheme you can just pay the extra amount and set your life in calm. Any unexpected issue will also be taken care of such companies hence it is truly worth to invest money in affording extended home warranty plan.
Based on your choice, these policies can be extended online or in person. You may be able to find better deals on home warranties online. On the other hand, a benefit of this is that you can take your time to make up your mind without salespeople constantly pestering you. You do not even have to browse the pages of your directory and call them one by one to ask for availability, if you have this service. All it takes is one call to make your life simpler and relaxed.
An appealing lawn counterparts the rest of the garden and makes the whole garden seem fantastic. Spring is the best season to repair your lawn and sort out problems. It is the best time to spend less effort getting it into shape-mowing the grass, nourishing with a lawn fertilizer and dealing with ugly weeds, moss and bare patches.
The most cultivated plant in the world is the grass that grows in your yard. In reality, almost 18 million acres of land is landscaped with grass in the U.S., as per the EPA (Environmental Protection Agency). Americans are so infatuated with keeping their lawns green that they together dump 70 million pounds of fertilizers and pesticides on it every year and use 30% of all obtainable water on the East Coast irrigating it.
In case you have not begun organizing your lawn for the warmer months, now is the time to begin. Prepping your lawn now ensures that your grass will always be greener in the coming spring and summer.
Here are some handy tips to make sure your lawn is looking its best coming into spring. The secrets of success to a great looking lawn are:
This will be most imperative the first few seasons when you choose to get your lawn off chemicals and treat it organically. Aerating removes inch-long plugs from the lawn to let air and water into the soil. When you aerate for the first time and inspect the plugs, you will observe that the soil near the grass roots is thick and possibly clay-like when it should be dark brown and crumbly.
The most essential lawn care job for a wonderful looking lawn is correct and regular mowing. You need to cut the grass whenever it’s growing – which is probably to be weekly or even more often as the weather warms up in spring.
The plan must be to keep at the same height all through spring. For most lawns this must be about 2.5-4cm (1-1.5in) high. For lawns that take a lot of wear and tear the height is better raised to 5 cm (2 in). For shaded areas, it is advised to mow at a height of 7.5cm (3in).
Mowing too short and as a result weakening the grass, is the easiest and quickest way of letting weeds and moss to become established and spoiling the lawn.
Next on the priority list is feeding the grass, and a good range of lawn feeds will produce a lawn to boast about.
A good feed with a lawn fertilizer, not only makes the grass greener, but makes it grow thicker and enhances its strength, vigor and health. Good feeds also make the grass more robust and better equipped to compete with weeds, moss and weather-related stresses. In spring, best results are achieved by making use of a granular feed that supplies a usual amount of nutrients over some weeks.
When using a granular lawn feed it is vital to apply it evenly over the whole lawn at the suggested rate. The simple way to do this is to use a lawn spreader, such as the built-in spreader in the smaller sizes.
If you feed the lawn again in 6 week’s time it will stay strong and healthy all summer.
Lawn weeds are the main headache that can prevent you getting pleasure from your lawn. A strong, healthy and well-fed lawn will be able to deal with moss and weeds far better than one that is not looked after and fed properly.
You need to deal with weeds and moss promptly. You should do a treatment that builds up the lawn’s resistance to drought, heat and other stresses. Where major moss or weed attack is a trouble, dealing with them with an extra application of liquid weed killer can produce excellent results.
After the damages of winter, many lawns have bare areas that not only appear ugly, but are perfect places for weeds and moss to occur. Give your lawn a treat by giving it the unique combination of grass seed, coir and slow-release feed that will cover bare patches in no time and produce a thick grass covering of the bare area.
Each year up to a quarter of the grass in the lawn can die, more after a cold, wet winter. Overseeding- planting new grass seed into the existing lawn – can revitalize the lawn and bring it back to life.
By increasing the density of the grass, overseeding enhances lawn’s appearance and reduces weed and moss invasion.
This simple lawn care program will give you a lawn to be proud of, keep it in perfect condition and make friends and neighbors green with envy!
Which home would you rather purchase? One that gives you no protection if the air conditioner, plumbing, furnace, garage door openers or dishwater go kaput or one the with a home warranty that fixes any repairs for less than $100?
Majority of buyers would opt for the latter. It is simple to see why many sellers are making home warranty part of the selling contract. Provide yourself a marketplace edge by giving buyers peace of mind.
A home warranty offers the buyer with peace of mind that helps in case there are any problems with major appliances, electrical or home systems. Generally there is a deductible service fee of about $ 60 payable per incident. The cost is generally around $300 to $400 in the form of an annual fee which buys peace of mind and adds value when you’re staring at selling your house.
Additionally, some real estate companies may provide appliance and system protections plans to their customers at no extra charge. Nearly all real estate agencies will offer this service for free, which is generally built into the selling price of the home and brokerage of the realtor.
People who are procuring an older home will buy a warranty if there isn’t one already provided by the seller. This is where having a home warranty for your home is an excellent selling feature. Potential buyers are ought to be impressed if the home is already covered for its appliances and systems.
You can effortlessly find a company that provides appliance protection on our website here or by asking your real estate agent. They will possibly have a list of good home warranty companies that they have used in the past and can advice. Your research also helps choose the best. It’s vital to find out what a company charges along with coverage and other clauses.
You must compare plans based on the categories below.
With a home warranty, you can give buyers with peace of mind allowing them to be assured that the home is worth their investment. This can be an outstanding selling feature for any home, new or old. A home warranty can aid you to sell the home faster, standing higher than other homes for sale on the market that do not come with a home warranty.
Selling your home can be a daunting task. Providing appliance protection should do the trick. This service gives your home buyers the composure they look for.
A few tips for you that will better the chances of finding a buyer for your house.
One such improvement is kitchen remodeling. The key aspects you must bear in mind when remodeling are good floor area, sufficient storage space and other modern features. An agent in your locality will be the best person to advice. You can also look up on the internet for resources.
The most common reasons people go for kitchen remodeling are :
Putting back old kitchen cabinets with solid wood – whether cherry, oak or even something less pricey like pine and kitchen counter tops is a good way to increase the kitchen’s usability and appearance as well as the market value of your home.
Like kitchen remodeling, bathroom remodeling needs the services of a professional contractor.
It is important to have a comprehensive plan and know what type renovation work you want before beginning the project so that code compliance laws are met and essential permits obtained.
Be specific when making the list. Instead of just a lavatory, identify the type. Pedestal lavatories can cost over $300, while a simple wall-hung model can just be under $ 70. Designer toilets will be a little over $ 1,500 while a standard two-piece model will cost under $100. Shop for the finest quality fittings.
Besides, here is a list of 6 tips for selling your home that can change the way home buyers look at your home.
This list gives you a starting point on economical ways to improve your home’s marketability. Now you should walk your home and try to find the little things that could be made cleaner and brighter with very small expenses.
When you imagine of the four seasons, certain images instantly come to mind. For summer, its swimming pools, lawnmowers and barbecue grills. For fall, its turkeys, footballs and pumpkins. Winter is snowmen, stockings and hot chocolate. And spring? How about mop, brushes and buckets? Though the season is a sign of new birth, it’s also the time when most people take the instance to clean up.
Once spring has sprung, take some time to give your home a check-up along with its annual spring cleaning. Adding up some home maintenance tips to your schedule can assist your house function more proficiently. Precautionary maintenance is vital to the value of your abode. Keep your place in best shape with usual check-ups to put aside the headache and cost of emergency repairs.
Like many of us, homes require a tune up after the long winter months. Everything right from the roof to the sump pump requires an once-over after the season has taken its toll. For centuries, spring has been the cleaning time of year. In America, the thought of spring cleaning has become a custom for very sensible reasons. The cold and darkness that captured you in your house all winter grow fainter and are substituted longer days and warmer weather.
With much work to do, the job might appear overwhelming. The trick is to get organized. Prepare detailed lists of each set of tasks, possibly divided by room. After that, schedule one at a time, collect your tools, and get to it. Don’t allow the sum threaten you from beginning the parts.
To help you protect your most priceless asset —your home—check with these potential issues and find out how to fix them. To make things easier, download our home maintenance checklist that covers all four seasons.
Foundation, Masonry & Exterior Surfaces
Lawn & Landscape
Consult this comprehensive checklist for undoing winter’s damage to your home. Take care for these issues every year and your home will express thanks to you. Make sure you pay attention to other important things in your life such as reviewing your financial needs this year, ensuring you have adequate insurance coverage, health coverage etc.
Condos are a great substitutes to renting an apartment or possessing a single family home and they have their own unique insurance needs.
Condo Warranty is similar to appliance warranty and provides condominium owners with coverage for repair of major appliances and home systems.
Appliances are intended to make your lives simple. Refrigerators, dishwashers, stoves, and other kitchen compliments not only assist you in doing everyday chores and prepare food faster, but they take some of the monotony out of your day and allow you more free time, as well.
Unluckily appliances, like any other piece of machinery can stop working. When that occurs, instead of saving your time and hassle, your malfunctioning appliance can actually add to your stress. This problem becomes even bigger when the malfunction occurs soon after you buy an appliance. To avoid the extra stress of dealing with faults of a brand new appliance, an appliance warranty is a brilliant tool to have in your corner.
When procuring an appliance, inquire if the appliance is issued by the dealer or if the appliance is covered by a manufacturer’s warranty. Some retail chains and dealers buy appliances from the makers without a manufacturer’s warranty, so as to lower their costs. There are quite a few disadvantages to this.
In case you buy a product for commercial/store use for a boarding house, townhouse, or apartment building with an ordinary kitchen or laundry room, make sure to study the warranty limitations. The majority of domestic appliance warranties are only meant for single family use.
Bear in mind that the majority warranty companies, no matter at what condition your appliance is, they would still repair it than replace it.
Condo Warranties are there to cover you when a trouble happens due to a defect.
A home warranty is planned to cover repair and replacement costs for major home systems and appliances (like wiring, plumbing etc.). Usually, a home warranty is bought as a contract for a year, with either annual, monthly or quarterly payments.
Even if you might have to pay a small deductible when you raise an issue, with a home warranty, you will have less worries about large, unforeseen bills caused by appliance or home system breakdown. When merged with your dealer condo warranty, a home warranty must ensure that, one way or other, if something goes wrong you will be able to manage it without breaking the bank.
Condominium insurance is a unique insurance intended to fit the detailed needs of condo owners. Similar to renters insurance, condo insurance offers liability and personal property protection. However, condo owners need to consider additional coverage for the building based on their condominium association’s master policy and it’s coverage.
So take a look at this article, you can learn about condominium insurance below, and then obtain a free quote to see if it can help you get the coverage you need to defend your residence and your belongings.
You possess a condo and the association has insurance. So what’s the big deal? Well, your condominium association insurance covers the condominium building, commonly owned property, and liability insurance for the association.
Regrettably there are many instances where that insurance policy won’t cover you or your things – like water damage to your living room walls, break in, or someone gets injured by slipping on your wet kitchen floor. For this reason, you need condominium insurance planned specifically for condo or co-op owners.
If something happens to your condo or townhome, it may be up to you to put back things like flooring, drywall, light fixtures, cabinets and more. That’s where condo liability insurance comes into the picture.
Many condominium associations only insure the building’s structure and general areas, typically leaving each unit’s interior construction to the homeowner. However, condo insurance coverage may also vary by state.
All-risk contents coverage insures the possessions inside your home for the most common types of losses. When you have this coverage, your contents are insured for the whole thing, unless it’s particularly excluded from your policy.
Named-Perils coverage includes a catalog of the most common types of items covered under your insurance. It includes theft, fire and water damage. All the items are clearly listed in your policy booklet so that you have a thorough knowledge of what your insurance policy covers.
A standard home policy usually offers for the Actual Cash Value (ACV) replacement of your possessions. This means you only obtain the value of the item, less reduction. For instance, if you bought a TV 5 years ago for $500, you might only receive $100 for it if it were damaged in a fire. Even if it may cost you $600 to substitute that same TV, your insurance would only give you $100.
Many people opted to add the Replacement Value option to their contents coverage. Replacement value coverage means that the contents of your home are insured for the amount it costs to replace them. When you substitute the item(s) with a similar kind and quality, within a definite time, the insurer will pay you what it cost you to replace the item(s). This means if your 5 year – old TV was lost in a fire, you would obtain the full amount it would cost to replace it.
When you replace the item(s) with a similar kind and quality, within a specified time, the insurer will pay you what it cost you to replace the item(s) not what they were actually worth in their used state. This means if your 5 year-old TV was lost in a fire, you would get the full amount it would cost to replace it, even if that is more than you paid for the TV in the first place.
Detached Private Structure. This type of coverage applies to structures that belong to your property, but that are not connected to your primary residence. For example, a separate garage could be integrated under this coverage. There is normally a definite limit to this kind of coverage, but you can always increase that limit by buying additional coverage options.
Additional Living Expenses. If you are compelled to leave your home because of a loss, this coverage pays for your logical and necessary expenses to momentarily live away from home. Hotel and food expenses would be covered under such circumstances. There is generally a limit on this kind of coverage.
Personal Liability. Liability insurance guards you from having to pay damages to people, if you have been found liable for accidentally injuring them or damaging their property.
Voluntary Payments for Medical Expenses. This covers medical costs if someone unintentionally hurts themselves as a result of your personal activities or the way you have kept your building. It also covers injuries caused by resident employees.
Voluntary Payments for Damage to Property. The unintentional physical damage to the property of others is covered. It may also be caused by your pets or animals, or by actions of your resident employees. This kind of coverage would also comprise the intended acts of other insured persons under a certain age.
Improvements and betterments. Investing money to get your residence better increases the worth of your investment. The Improvements and Betterments Protection recompenses you for all the additional you have put into your condominium – on top of what the builder initially provided for you, up to the limit of your replacement value.
For example, your unit was initially furnished with a $5000 medium-grade carpet. You want to upgrade to a high quality carpet, valued at $10,000. The ‘Improvements and Betterments’ protection will guarantee that you obtain the full value of your new carpet in the event of a loss. So if there were a fire, and the builder only gave you $5000 to cover the value of the original carpet, the insurer would give you the remaining $5000.
Supplemental Coverage. Aside from insuring your betterments, you may also need to insure your condominium unit itself. This will ensure that you are sheltered should the corporation’s insurance not fully cover a loss to your unit.
Loss Assessment. A significant feature of a condominium insurance policy is loss assessment. This is when you share liability with others for common property. The insurer will shell out, up to a set limit, your portion of any particular assessment that’s valid under your condominium corporation’s governing rules:
You are likely finding out there are a lot of decisions to make and details to work out before you make a choice.
The home insurance agents recognize that a condominium is not a traditional home. However, it does need homeowners insurance of a particular type. In case you want to protect your condo, ensure to inquire about how condo insurance differs and what it covers.
Homeowners insurance agents who focus on condo insurance are an exceptional resource. In all reality, you are asking for tailored homeowners insurance quotes, when you ask for condo insurance quotes. So there is guarantee that you are receiving what you actually require in a policy.
All agencies or insurance types are shaped equal. Make sure that when you get condo insurance quotes, you follow up with the insurance agents who offered you with the quotes, so you are alert about all the details before you invest in a policy.
While appliance protection plans are always a wise purchase if your appliances are older than 4 years, you still have to make sure that you chose a home warranty company that has a good reputation. It has been noticed that companies sometimes deny our claims on vague grounds, often quoting fine print from the contract. One major such reason stated for denying claims is lack of maintenance.
More than a handful of customers have reported that their claims were denied stating that the device was badly maintained. While it is understandable that customers feel cheated, we still have to realize that since contracts explicitly mention that lack of maintenance issues are not covered, we can’t expect the company to repair such devices.
Let’s take a look at a story that happened sometime back. A lady bought a home warranty contract thinking that she’ll get some budget protection. Her appliances were well over 4 years old. She briefly breezed through the contract and assumed that except for damages due to hazards, thefts and some explicitly mentioned perils, every other damage was covered. One day, her radiator breaks down. She informs the home warranty company and they send a tech to take a look at the device.
The tech finds out that the device was never serviced for quite a bit of time which eventually led to its breakdown. He innocently reports to the same to our lady who gets mad at the tech and the company. The lady then decides to write about this incident on the internet without realizing that the fault could be on her part. She did not get her devices serviced nor did she read the contract carefully. The company’s reputation suffered due to her carelessness.
Now let’s take a look at another story. Yet another lady bought a home warranty contract from a company that was not really famous nor did it have a good reputation. She paid her premium and she was a good housekeeper who regularly got her appliances serviced. She turned to her warranty company when her refrigerator malfunctioned. This company then sends over a tech who diagnoses the issue to be one caused due to lack of maintenance. The lady was distraught. She was sure that the issue was something else but what choice did she have? The company in question here, operated without ethics and refused to repair a damage that was legit. This incident too leaves the lady furious and in a position where she would definitely bad mouth the company.
So you see, like a coin with two sides, the home appliance warranty industry too has a good side and a bad side. There are cases where genuine claims were denied just so that the company can make a profit and there were cases where the denial was genuine and the customer could just not accept it.
We understand that nobody wants to encounter such unpleasant experiences. We can’t make these warranty companies behave themselves, so what we can do is to make sure that we don’t associate ourselves with companies that have a bad reputation or are fraudulent.
Here’s a list of things you can do to avoid any disputes and conflicts
We are a team of likeminded people who built HomeWarrantyReviews.com to provide genuine feedback about the industry to its customers, so we are not here to praise the industry or cover-up their mistakes. In the time that we spent here, which is over 9 years, we have come to realize the following:
If you keep all these points in mind, we’re sure that your experiences with the home warranty industry will be a pleasant one. Cheers!
The only way we ever got HBW to pay anything on a claims for construction defects was because we had a way to avoid their arbitration process. Despite a federal law that said we didn’t have to arbitrate because we had a government backed mortgage, HBW kept trying to get us to arbitrate our dispute with the builder, with an arbitration company they mandated. If you have FHA or VA financing your lawyer needs to make use of this federal law, Title 24 of the Code of Federal Regulations, Section 203.204(g). It says “judicial resolution” has to be an option along with arbitration. I believe it also says that for FHA and VA buyers arbitration has to be at no cost to the homeowner so if you get sucked into it and it’s too late to get out it at least should not cost you extra to get hosed.
Their arbitration company CAS was owned by a disbarred lawyer. We found out about many problems with their arbitration.
HBW was offering only part of our damages and acceptance of their offer would’ve required we give up claims against the builder for the rest of our damages. This would’ve ruined us financially as the damages were severe, with many serious defects in a brand new house.
The way most if not all these new home warranty policies work is that they protect the builder. They do little for the homeowner unless you have time to learn quite a bit about law, consumer protection, etc. This became a huge time consuming operation for us but we eventually prevailed and settled our case. By avoiding their arbitration process we were ABLE to pursue it. In arbitration we’d have probably lost or had to accept the low ball offer.
I learned a lot about warranty companies from some consumer protection groups, and my own research. First, most are not insurance and therefore are not regulated by the state insurance departments. Warranty companies are actually “Risk Retention Groups,” not insurance. Even their so-called insurance backing, National Home “Insurance” Company, is an RRG.
The contract to buy a warranty policy is between a builder and the warranty company. The homeowner rarely knows what terms these two companies have bound them to until it’s too late, for example the arbitration clause in the warranty that you don’t see or don’t realize what a trap it is, until after you’ve bought the house.
I have since seen court cases that said HBW’s arbitration clause is “unconscionable” and unenforceable, but unfortunately many other court cases said that thought it was unfair it was still enforceable. You can find many of these cases discussed online by Googling this company or its chosen arbitration company, Construction Arbitration Services.
No surprise at all to see so many negative ratings here for HBW and I suspect most similar companies have similar comments/ratings. To top it off, during our dispute, HBW still sent us letters asking us to renew their “coverage!” What a joke. Don’t think you have much protection with a home warranty. They are mostly a marketing tool to sell houses, and their coverage for the homeowner is more of a false sense of security.
Purchasing warranty plans for household items has become a common thing these days. Over time, it has become one of the best ways to protect your budget against unexpected repairs and replacements of damaged household devices.
A Home Warranty, sometimes called an Appliance Warranty is a contract that agrees to offer discounted repairs and replacements of the covered devices. They cover damages resulting from wear and tear and hence are ideally suited for houses whose appliances are over 4 years old.
Home warranties differ from homeowner’s insurances in the fact that the latter covers damages and losses resulting from natural hazards or crimes while appliance warranty covers damages due to regular wear and tear. You can never replace a homeowner’s insurance with a home warranty. It is generally considered that home warranties are best suited for the following people who –
So naturally, they are not suited for people who
There are a lot of home warranty companies offering a range of packages to suit your requirements. So never feel that you have only one option. In fact there are so many options out there that you may want to read a Home warranty buyer’s guide before you make a decision. In general, home warranties are affordable, with the annual premium ranging anywhere between $250 to $1000. The premium usually depends on the amount of coverage you are purchasing.
The advantages of owning a home warranty are many. And also, it is the closest thing you can get to peace of mind when it comes to protecting your budget. Let’s take a look at the pros.
If you have doubts about the devices that are covered and omitted, you can go through What is covered under Home Warranty plans to get a clearer picture. If you are still not sure if you need home warranty or not, we suggest that you read an article on “Do I need home warranty?”, this will certainly give you some guidance.
Home warranty works in a very simple way. An appliance crashes and you call up the warranty company and inform them about the damage. They will ask you to give them all the necessary information like device name, manufacturer’s details, model no, batch no, and other relevant matters.
Once they collect this info, they will call up a service vendor with whom they maintain business ties. The vendor then collects your contact details to talk to you about fixing an appointment. A qualified and experienced technician then comes over to look at your device. If the repairs needed are minor, he will do them right away. However, if major repairs are needed or if parts need to be replaced, the technician waits for the approval of the home warranty company. Parts needed will be procured by the company. You will pay the service call fee to the technician when he comes to your home.
This is not a free of cost arrangement. In addition to the annual premium, you will be paying a service call fee (around $50) each time you place a claim. Like a coin with two sides, home warranties too have a few drawbacks. Let’s discuss them.
Home warranties are indeed a great way to insure your household devices. It protects your budget too. It is necessary that you make a wise decision regarding the choice of company and warranty plan so that you make the best out of the deal. The policy booklet and the contract are vital documents and they must, without fail, be studied and preserved carefully.
You can go through reviews about various companies and their plans on our website to compare and choose the best.
This is an Article published for the Benefit of Homeowners reading our Articles regularly so that one can walk the path of sustainable energy!
There’s no denying that the onset of new, improved and environment-friendly trends is putting a damper on companies that have been functioning for centuries without much regard for the environment. Having to reestablish their production methods, use of materials and waste disposal strategies, manufacturing units being shut down as alterations are not viable to their manufacturing and market costs. The drive towards a green economy is constantly being resisted by a large section of multinational companies around the world.
Besides alterations in production strategies, the other game changer has been utility companies and their slow but hopefully steady replacement with solar and green energy demands from consumers. As the demand for solar energy in residences begins to increase, the traditional utility industry will take a hit not only in its retails sales and day to day transactions but also in terms of an overall loss of customer base. Eventually, the industry could even become obsolete, but that’s a discussion for later.
The main trade association and executives of the utility industry have seen the onset of this impending threat, and have been calling for meetings and conferences. Using these to reach out to the electricity providers for support, utility companies have been playing a part in keeping door-to-door solar power insurgency at bay.
Electric and fossil fuel monopolies are right to feel the threat though, as even the individual state governments and metering laws are creating rules and instructional loopholes to encourage home solar paneling. States such as Wisconsin and Arizona, amongst others, have imposed net metering as a system of electricity billing. Through net metering, a customer who is using solar energy at home gains monthly credit for the surplus power that they produce and provide to the electricity grid of that region. Even though a small amount is to be paid additionally if net metering is voted in your state, know that your electricity bill as a solar energy consumer will be considerably lowered; enough to offset the cost of installing solar panels at the first place– hiking prices. Though it may seem that the shift is absolute, even solar energy consumers are relying on the run of the mill electricity grid during overcast winters and nighttime. A marginal reduction in daily usage is not causing any cuts in maintenance, investment capital for transmission lines, and upkeep of the grid.
The debate of Solar Vs Utility still remains as two sides of a coin, with solar having on its side the bigger picture of a future green economy. Studies being conducted in individual states are most often steering towards the advent of solar as a domestic energy source causing harm to the economic balance, with an immediate counter response from environmental lobbyists. The claim is straightforward – the clean energy lobby argues that the traditional and fossil fuel powers are rigging the results and focusing on only negatives. Louisiana is one such state, where studies showed a transferal of over two million dollars to be shouldered by non-solar consumers due to the utility sales drop.
On a positive note that looks at aspects besides those that are environmental, research in states such a Mississippi and Nevada see solar as the way to go. From being able to bear the brunt of excess demand during summer months, produce almost twice as many jobs and be in tandem with the greenhouse emission laws, solar comes out the winner. The whopping two million that are being employed are also seen to have working conditions far better than the coal miners.
The problem when it comes to the utility industry’s sustenance is twofold. The first is to address the price hike which is inevitable when the demand drops, not to mention the possible compensation for individuals who are using solar to reduce the stress on the electrical grids.
The second is how utility power hubs will re-align their structure to accommodate for this shift, and think of ways to meet the clean energy drive halfway. Unfortunately, there is no way to tackle the second without fixing the war that is being fought over the first.
The majority of traditional electricity power plants that cater to individual households and residential areas in the US are investor owned. These have a much greater role to play when it comes to vetoing the solar power takeover. Investor-owned power plants function in four simple steps. First, they get an estimate of the power demand of a given area and consequently calculate the monetary estimate required to fulfill the quota. This money is then looked at from the separate perspectives of the consumer and the investor. The rate per unit of electricity is calculated, looking at not only the demand of the consumer but at the incentive for investors to look their way by offering them a favorable return rate.
This system is foolproof, until the point that they are faced with a competitor – solar power. Solar energy users continue to use the grid that has been set up, as well as the utilities other services. This is where the true problem lies – even the basal costs of the utility sector are now being borne by those that are opting for traditional sources. Net metering is allowing solar power users to practically zero out their bills if they meet their own monthly requirement for electricity, a law that utility companies are fighting in states such as Texas and California, focusing on its lack of sustainability.
While the arguments utility companies pose do have their credibility theoretically, in the real world it is rather clear that the incentive is still driven by their fear of revenue drops. When the investment for electrical systems shifts from the hands of shareholders to individual households, the concept of rates in terms of return to the investor is moot.
Customers who once had no option but to rely on Investor-Owned Utility companies now have the option of taking their domestic electrical needs into their own hands. Naturally, this lack of dependency translates into a very direct drop in utility companies yearly profits.
When a utility company complaints about the potential rate increase for the traditional energy source users, and fixates their argument on the fact that solar users do not pay for servicing and maintenance, a new argument is thrown into the mix. Is the demand that the utility companies are projecting really accurate anymore?
Solar lobbies state that the rate of maintenance, expansion and employee increase that utility companies are projecting is unrealistic. The fact is, widespread use of green energy resources will only reduce the load on the electrical grid, hence reducing the need for regular fixing. Utility grids are not taking this into account, instead of using an inflated demand rate to rope in a greater number of investors, and possibly hiking rates of monthly unit usage in order to meet their return rate.
The other statement of fact that solar advocates are backing is the fact that a utility-based electrical grid system never produces solely based on demand, hence pointing to the fact that the rate of electrical units is not actual anyhow. Experts say that if rooftop solar panels were distributed and installed, then just the reduce in demand would handle issues related to loading increase and be a much better management of resources for all involved.
All said and done, though the Solar versus Utility debate has its subjective points of view, not to mention numerous pros and cons on either side, the reality remains the same. The need for green energy is a necessity for sustenance on a global scale, and yet the twenty-first century is straddled between the traditional resources and those that are now deemed clean.
A time of transition in all ways possible, certain existential questions cannot be ignored. How are the economically backward supposed to sustain if traditional power grids cease to function stably? Alternatively, if solar resources are negated and shut down then will the global economy, fossil fuel depletion and environment be really able to survive?
Though the deliberation is on, individual states are beginning to look for solutions that will tackle both sides, sustainably. Vermont, California and even New York are beginning to approach the utility sector as a large power bank of service, instead of just a source of electricity. This may alter the relationship between solar grids and utility grids, allowing them to cross paths without having to lose either form of resource.
States like Arizona are proof that the present model of a utility power structure is not functional anymore, and they are bound to see a decline in revenue and balanced functionality if they continue to look at solar distribution as the villain. There is a theory that the only way to force the utility companies and government’s hand to address the reality of the issue is to block out subsidies, asking the question of how sustainable and affordable power can be distributed in such a situation.
Maintaining everything in the home is one of the major concerns homeowners have to deal with. Every homeowner worth his salt will tell you that the primary expenses incurred in the process of home maintenance are due to appliance and system faults.
Having said that, we’re sure that everyone has heard of Appliance / Home maintenance plans or simply put, home warranty plans. Such plans are contracts that agree to provide you with discounted repairs and replacement services for household appliances and systems. Do keep in mind that such plans are for ageing appliances that have suffered quite a bit of wear and tear over the years. Appliance warranties only cover damages that are due to age, wear and tear.
The working of such plans are quite simple. You purchase the warranty from a home service provider for a specific duration. During the coverage period, if your appliances / systems breaks down, you only need to call the your warranty provider. They will send a technician to fix your faulty item at just a nominal service charge fee. The actual cost of repairs will be borne by the company.
Hence, in many ways, a warranty is a wise way to protect your budget from unexpected expenses. To know more about home service contracts, read things to know about home warranty. You’ll find that helpful.
Now, coming to the actual problem that this article addresses, cost of home maintenance plans. In general such appliance warranties are affordable and reasonably priced. Most companies offer a specific set of plans from which you can choose, based on your requirements.
The annual premiums for a home service contract ranges between $200 – $ 600, for a home under 5,000 sq.ft. When you purchase a plan, you will be provided with a policy booklet that explicitly specifies all the items that will be covered. You will also be provided with information about various other terms and conditions. Like we said before, home service contracts do not cover damages due to anything other than age and regular use. For faults due to crime, hazards and other perils, you may want to check the difference between home insurance and home warranty.
In addition to the annual premium, you may also have to pay a nominal fee as the deductible each time you raise an issue. Deductibles usually cost between $50 – $100. There are some companies that offer zero deductible appliance protection plans
Like we discussed before, different providers charge different amounts for their plans. Following are the facts that decide the cost of home warranty.
If you want to purchase a home warranty plan, we suggest that you get your home inspected first. While some companies offer this service prior to the contract being signed, some companies do not. A home inspection reveals a lot of potential problems that your house may face and the inspector may even recommend a plan to make the best out of home warranty.
If you are still unsure about home warranty, we suggest that you go through our web site and read some informative articles that may help you solve some confusion. That said, we still think that a home warranty is a clever way to protect your appliances and save cash in the process. Cheers!
The Illinois department of insurance issued a warning earlier this year to its residents to avoid a Florida based home warranty company Arkidus Home Protection, Inc. Arkidus had been unlawfully advertising home warranty services via the internet to residents of Illinois and in many cases there were documented incidents of these consumers who purchased a warranty not receiving the services promised to them.
The company and its owner, Reinaldo “Ray” Berges has previously been served with a cease and desist order by the Illinois Department of insurance, but continued offering service coverage for household appliances and major system components. The company had its headquarters in Miami though more recent reports suggest that office has been closed for many months.
The company has not been granted any certificate of authority to sell insurance or home warranties to the consumers in the state of Illinois, thus the cease and desist order from that state was issued. This unfortunately may not help recover the money lost by the Illinois consumers who purchased home warranties, also referred to as residential service contracts or home service contracts.
According to the Better Business Bureau (BBB), The consumers have launched over 245 complaints against the company in last three years. BBB indicates in its report that Arkidus conducted its business through a website, www.theahp.net.
BBB is a non- profit organization more than a 100 years old functioning in U.S and Canada. It collects and provides free business reliability reviews on over 4 million businesses. The BBB plays the role of an intermediary between businesses and consumers. Though it is not mandatory for any firm to get accreditation from BBB such accreditation is sought by some companies in order to build faith in their business. Arkidus is not accredited by BBB and thus the amount of involvement BBB may have had with Arkidus’s customers would have been limited to collecting and documenting complaints and then reporting complaints to the company. For further recourse consumers who have complaints against Arkidus would likely need legal representation or assistance from consumer protection entities.
According to publicly available information Illinois’s Department of insurance has also received many complaints from customers of Arkidus who allege they have been tricked by that company and were unable to obtain reimbursements for their claims or their canceled contracts.
The complaints from consumers are also publicly available on various websites. One such complaint posted online was from Jose. E who is a resident of Florida. In his post he said, “This Company is a scam. I started service with them in May, and they will not honor their policy. I keep getting calls from companies that were dispatched by them. I needed a plumber and an electrician, and both have been harassing me with the remainder of their bill, even though I paid my deductible. Do not purchase anything from this company, they are frauds.”
Arkidus appears to have ceased doing business but for a time the company was successful persuading customers to pay long term contract fees, in some cases for terms of two years or more. These customers spent thousands of dollars in some cases, all of which they now face losing forever. If significant legal action isn’t taken against the owner of the company it is unlikely that consumers will receive any reimbursement and this whole story will end sadly. Hence we warn our readers to be cautious about choosing home warranty companies with very little business history, no matter how positive the early reviews of the company may be.
If you suspect you are dealing with the wrong people already or believe you too have been scammed do not delay making a formal report to the appropriate agency or agencies. Both at the state and national level in the U.S. there are free and fast ways to make your voice heard when you feel you’ve been misled by a business or been the victim of a scam. The important thing is to act quickly and not give up if you feel your complaint is being documented but not being acted upon.
2-10 Home Buyers Warranty is in the process of launching Green Advantage Warranty as part of protection assurance programs for new and upcoming green building initiatives.
The 2-10 home appliance warranty company offers Green Advantage Warranty to builders who meet eco-friendly standards. Builders need to build homes that fulfill the requisites of Energy Star, National Green Building Standard (NGBS), or Leadership in Energy and Environmental Design (LEED) standards.
Green Advantage Warranty includes repairs and replacement of Energy Star certified products and appliances. Coverage includes the replacement of green labeled items, engineered wood products, sustainably harvest lumber, low or no emission finishes and recycled products with accordance of applicable national certification standard.
Scott Cromie, Chairman and Chief Executive officer states that “With one in four homes now certified by green building standards, it is clear that home buyers want a more eco-friendly home, and that offering warranty protection that targets these values offers builders a clear competitive edge,” and also reports “Our new Green Advantage Warranty represents 2-10 Home Buyers’s Warranty commitment to greener business practices, and celebrates the home builders and home buyers who want a greener home and lifestyle. We’re proud to offer a product that meets these standards, while continuing to provide the same leading, trusted protection our company stands behind.”
Builders interested in participating are encouraged to call 877.777.1344 for more information. You can register to 2-10 HBW Green Advantage Warranty, just by adding up a minimal additional fee over the existing standard rate. It is as simple as checking a box next to the certification standard on 2-10 HBW’s Home Enrollment Application.
Green Advantage Warranty is an added policy to the company’s existing home warranty package, including one, two and ten years of coverage offering for new construction home builders. Company’s 10 years warranty covers structural warranty defect. Under the policy of 1-2-10 warranty one year of surety coverage of workmanship and materials. Two years of warranty also covers on systems.
About the company
2-10 Home Buyers Warranty® is in market for more than 30 years, now the company has offered customers and their homeowners the most comprehensive warranty program available. Whether you’re building, selling or buying a home, 2-10 Home Buyers Warranty offers a complete line of warranty, service contracts and risk management products. Since 1980, 2-10 Home Buyers Warranty has provided warranties and service contracts for more than 5.5 million new and pre-owned homes.
Here’s a funny pictorial story that gives a peek into how does a Home Warranty work. Mr.Fox here is our friend who purchased a home service contract. His beloved washing machine crashed one day while the contract was still valid.
Now, back to the story.
Mr. Fox had an appliance warranty, so he did not have to
Mr. Fox simply called the home warranty company who in turn called up a service contractor with whom they maintain business ties. The warranty company sent a technician to Mr. Fox’s home to take a look at the appliance. The tech fixed the issue right there as it was a minor problem. You see, if the problem was big and if parts needed to be replaced, the tech would have had to wait for the approval of the warranty company before doing it.
Once the problem was fixed, the tech collected the service call fee and departed his way. Mr. Fox lived happily ever after resting assured that if his appliances crashed, he would always have his home warranty company to rely on!
Real estate transactions are always approached with caution. They often involve large amounts of money so being careful is a wise step. Having a skilled real estate agent may help you a lot in achieving a deal that’s perfect for you, especially if you are new to real estate dealings. But the questions is, how do you choose a real estate agent that suits your needs?
Irrespective of whether you are a buyer or a seller, there are certain things that you can do to ensure that your real estate agent is quite good. You can ask your friends and relatives in case if they have used the services of a real estate agent before for referrals.
But before you decide about an agent, understand why exactly do you need an agent. There are many benefits of hiring a real estate agent.
So our checklist for picking the right real estate agent involves doing the following things-
Some say that like doctors, real estate agents too have specializations. A certified real estate agent often belongs to any of the three categories-
Also, if an agent calls himself a Realtor, it could mean that he/she is a member of the National Association of Realtors (NAR). Based on what your requirement is – buying, selling or renting, pick an agent with the right credential.
Check with your state’s regulatory body to find out whether the agent you have in mind has a license to be a real estate agent or not. Most states have a board from whom practicing real estate agents are expected to obtain a license. This board also oversees the discipline of such agents. Such a regulatory body would be the best place to find out if there are any existing complaints, disciplinary actions or lawsuits against a certain real estate agent or not. This information could be available online.
This information can be obtained from the regulatory board in your state. The state licensing authority often gives more precise answers than the agents themselves. As you want someone who’s on top of their game, an agent who has not been active in the last few years may not be a good choice.
Keep in mind that you want someone who is familiar with your target location and price range. Someone with a bad market presence may not be a good choice.
These days most agents have a website through which they invite in potential clients and also display their current listings. If you are a seller, you should be ware that most buyers begin with the Internet. So you want someone who makes use of the Internet effectively, as being web savvy definitely has its advantages.
If the real estate agent’s website has a database of current listings and its details, it is definitely a good sign.
If a real estate agent is good, he/she would’ve closed many deals and would have many clients who recommend them strongly. The greater the number of closings, greater is the agent’s experience. Make sure that you call up most of the references provided by the real estate agent. Clients are often the best people to give you feedback.
While we have given you really cool tips, we strongly suggest that you do ample research before you pick an agent. Ideally, meet several real estate agents and shortlist the ones that meet all the above mentioned pointers. You can then pick one from that list. If you are a seller, we would also like to remind you that offering a home warranty with your home may increase the sales price of your property. And if you are a buyer, if a property comes with home warranty, it could mean that your budget could stay protected if major appliances and systems require repairs.
We hope you found this article useful. Do let us know what you think. Cheers!
An offshoot of Home Warranty, Structural Warranty is a legal agreement between the builder of the home and you – the owner. Structural Warranty functions basically in the case of new homes, wherein the builder assures that the home he has built will have no structural defects for a period of ten years after its construction. His claim is covered by the company which offers him warranty coverage for the building, at times additionally including workmanship and internal systems.
The system functions just like Insurance, but covers defects which may occur due to age and wear and tear, not natural disasters or unforeseen circumstances. Like the Home Warranty covers the items in a home – its appliances, wiring and plumbing systems, interiors etc. – Structural Warranty covers elements like the foundation, girders and beams, roofing, and flooring.
Before the purchase of a home, it is advised for either the new owner, seller or realtor to purchase Home Warranty, in order to establish a relationship of trust and confidence in both parties involved. Just as a Home Warranty leaves the new owner knowing that his home and all that is in it is secure for at least a year after its purchase, Structural Warranty establishes the same sense of security in the buyer of a new home straight from a builder.
It is rather simple – all structural defects are now to be fixed by the company that the Warranty has been purchased from or by the builder offering the warranty himself, and as long as the terms and conditions are met, neither the builder nor the new owner is liable.
We see before our eyes appliances, electrical systems and plumbing leaks occur every once in awhile – but most of the time structural damage is noticeable only after it is too late. Given that large parts of the US are known to have soil that expands with seasonal changes, statistics show that more than 25% of all buildings in the country experience some kind of structural damage during the first decade of their life, almost 10% of this being major and often irreversible.
It isn’t always about how reputable the builder is, in fact, the more reliable the builder the higher the chances are of them investing in warranty for the homes they have built. Years after a deal is signed, sealed and delivered, a matter like soil expansion that is out of the hands of both the parties can spring up, making Structural Warranty the only way to guard against massive expenditure out of your own pocket in the future. Studies show that the warranty is most often claimed 4 to 7 years after a home is built to completion.
The chances of an individual investing a sum as large as the cost of a home in anything else in his or her lifetime is very slim, making this purchase one that could develop complications if not done right. Builder’s offering Structural Warranty for the home they have built can not only assure the buyer of their expertise but also give them a legal document to go back to in case frivolous lawsuits or complaints are lodged. Like in the case of any two-way agreement, responsibilities, terms, and conditions are clearly outlined.
If a third party company is used to establish a warranty, then any complaints, disputes or discussions will be handled by them – until the point of reconciliation. This saves time and discomfort for both parties involved, especially the builder.
If you happen to be a builder with larger holdings or varied properties and houses, then the value of each building is sure to increase if Structural Warranty is added to the mix. Use it as a marketing strategy, one that is true to every word and will help you build lasting relationships with your clients.
Structural Warranty functions according to the guidelines of the Housing and Urban Development department of the US, which stipulates particular criteria within which a company must cover damages. Larger builders may choose to provide their own Structural Warranty schemes to the buyer, while builders without a department to handle such claims or smaller building agencies may choose to use third-party warranty companies. Even more so than Home Warranty claims and structures, Structural Warranty coverage and insurance backing vary drastically from builder to builder and company to company. If you happen to be a part of the decision making of who to choose, make sure you do your research and pick a coverage that is extensive and appropriate to your home.
If you go through a Structural Warranty contract or guide, you will notice one important point – the extremely specific and near legal language used to describe what that particular company or builder covers. Structural Warranty owes this specificity to regulations set by the Housing and Urban Development Department of the US, as well as to the builders’ need to protect themselves from futile claims and lawsuits.
Due to each Structural Warranty being unique (much like Home Warranties state-wise laws), we will get into what the warranty covers in general. Know that this isn’t ironclad, and you have to cross check the terms and conditions with your builder.
As a whole, third-party companies offer two kinds of warranty, one which accounts for any damage to the structure of the building from the moment the deal is closed between the builder and buyer. The second stipulates that the company will only begin to cover damage to the home 3 to 4 years post the sale, implying that any structural damage before then is up to the builder to fix.
Each company usually has a base plan and other additional perks that you can choose to opt for.
The basic coverage usually covers the following:
The last of these, load bearing partitions, are often accompanied by the additional coverage of non-load bearing partitions. These claims are almost purely cosmetic, and certain Structural Warranty companies do assure the fixing of these, keeping in mind the original material integrity of the home.
Integral to any warranty and insurance difference, Structural Warranty doesn’t cover any damage due to natural disaster, accidents or unforeseen circumstances; anything that is covered under insurance, basically.
Lastly, any structures added to the original home – an extension, outhouse and detached garage space for examples – would not be covered. If the need is felt, the builder could then purchase a separate Structural Home Improvement Warranty.
Individual state laws in the US tackle Structural Warranty in different ways, making the cost different in each state as well. On an average, if the basic warranty is purchased, then it shouldn’t cost more than 1% of the purchase cost of the home. In most states which are positioned in low-risk areas (minimal soil expansion, etc.), the price is only about half a percent of the home’s price, whereas in high-risk zones the price can go up to 1.5% to 2%.
When looked at it in terms of a median example, while Structural Warranty would cost anywhere between $500 and $1500 for ten years, the repair in case of structural damage could be between $50,000 and $100,000; Structural Warranty being about one percent of the estimated repair budget.
If you are a homeowner in Ohio, this is an article that can’t miss! Your home is probably the biggest investment in your life and you know it takes time and money to keep it running well. We’re sure that you would’ve considered a home warranty plan to save yourself hundreds of dollars in repairs and replacements. But are you sure you know about the best companies in your locality? This is why you need to know about the best home warranty companies in Ohio.
Being the 10th most densely populated state in the country, Ohio does have numerous players in the home warranty sector. Yet, some companies have managed to outshine others with exceptional services and great products. You may already be knowing that our website ranks companies based on feedback collected from actual customers. We have also used these reviews to come up with the best home warranty companies in the country. So, based on said reviews, here are the companies that top the list of best appliance warranty providers in Ohio-
We’d like to provide you some more details about the companies in this list. HomeWarrantyReviews.com has a detailed page for every company listed with us and we also have a statewise list of companies. So if you have friends and family in other states, do tell them to pay us a visit for getting their home warranty needs to be addressed.
American Home Shield (AHS) is a company that laid the foundation of the home warranty industry, Since its inception in 1971, American Home Shield has always been a popular choice among American homeowners. AHS has a nationwide footprint with even some parts of Canada being included in their coverage.
Being one of the first companies to sell warranty products, their experience is close to unmatched. All AHS home warranty plans are designed to cover major appliances and systems at reasonable prices. A typical AHS warranty plan would cost somewhere between $249 – $500+ and the deductible per service visit would cost somewhere between $75 – $125. The company maintains a massive contractor network of over 11,000 skilled and licensed technicians who are selected after a careful screening process. AHS, like most of the top players, maintains around the clock customer service facility and also runs an online claims submission program. Backed by strong reviews, this is one company that totally deserves to be on top of this list.
Home Service Club or HSC, is a company who considers themselves innovators in the field of home warranty. HSC’s primary focus has always been on providing the best possible service to their customers. The company’s coverage spans 48 states across the country. HSC believes that the frequent surveys and customer feedback programs they conduct are the reason why they are able to stay on top of their game.
HSC’s plans do not mandate a home inspection, neither do they place a restriction on the age of the appliances. A standard plan from HSC will cost around $400 and the deductible per service visit is charged between $65 – $125.
Yet another company with huge popularity in Ohio is Select Home Warranty (SHW). Select has a vast national network of contractors and is also a company with a commendable tenure in the home warranty industry. Headquartered in New Jersey, this company covers anything from rental properties and condos to mobile homes.
For homeowners in Ohio, SHW provides three types of home warranty plans each varying in the level of coverage. On an average, SHW’s plans are priced between $299 – $599 and most plans have a service call fee of $60. This is yet another company that does not place a restriction on the age of appliances, neither do they mandate a home inspection.
HSA is a company with close to 30 years experience in the home warranty industry and they also have immensely positive reviews from their customers. Headquartered in Wisconsin, HSA believes that their success is attributed to the problem-solving capabilities and the commitment of their team.
Their primary product, the appliance warranty plan, comes in two variants for Ohio homeowners and they cost between $589 – $619 and their deductible cost ranges between $75 – $100. Customers are also given the option to extend coverage by adding items from a pre-selected list of add-ons.
Choice Home Warranty (CHW) is a company known for providing comprehensive warranty plans to their customers. The company claims that they can cater to the needs of homeowners, real estate agents, buyers and sellers.
CHW offers transferable home warranties to homeowners, buyers and sellers alike. Standard plans are priced between $370 – $450 and the average deductible charge is $60. CHW has a 24/7 customer service facility and also an online claims facility through which customers can manage and track the progress of their claims.
While we have indeed provided you with a list of some of the best companies, we recommend that you conduct ample amount of research before you zero in on a choice. Our website would be an excellent place to find out insights about home warranty companies across the country. We suggest that you go through user reviews and go through our statewise list of companies before you decide. We hope you found this useful and don’t hesitate to contact us in case you have a query. Cheers!