Home Sellers, Including a Home Warranty Can Increase Your Sales Price

When you plan to sell off your house, you may renovate the interior space and paint your home’s exterior to attract potential buyers. There’s no denying that the added curb appeal helps you sell your property at competitive rates, but did you know that a home warranty can also increase the property resale value?

What Is a Home Warranty?

If you ignore the routine maintenance of appliances and systems, it’s likely that they will stop working all of a sudden and cause discomfort. You may have to go on a hunt for finding a reputable technician for the repair work. However, if there’s a home warranty plan in place, there’s nothing to worry about.

It’s basically an annual service contract that covers the costs of repairs and maintenance of major systems and appliances in your home. It saves you from the hassles of looking for a professional every time a system stops working. All you need to do is to contact your home warranty provider and leave the rest to them.

The Top Benefits of a Home Warranty

Whether you want to sell your home or intend to stay there for many years to come, it’d be a good idea to invest in a home warranty plan. Here’s how it’ll benefit you in the long run:

Increase the Property Value

When it comes to selling your house, you prepare your house so that it attracts potential buyers. While renovating your property and addressing property damages is important, you can’t overlook the importance of buying home warranty coverage.

Nothing attracts potential buyers like warranties. Knowing that there’s a protection plan that covers the repair costs of regular appliance breakdowns, they may agree to buy your property at much higher rates than other houses in your neighborhood.

The appliance repair and maintenance coverage may vary depending on your contract, but a standard home warranty plan covers the following systems:

  • HVAC units
  • Electrical systems
  • Washer and dryer
  • Water heaters
  • Plumbing system
  • Ductwork
  • Kitchen appliances such as microwave, stovetop, refrigerator, oven, and dishwasher

Sell Your House Faster

It’s not easy to find the right customers who are willing to buy your property real fast at reasonable rates. It’s important to keep in mind that the longer your property stays unsold in the market, the lower will be its resale value. This is the reason why many real estate agents advise homeowners to reduce the listing price of their house to attract potential buyers.

Home warranties not only significantly increase the property value, but they also help you sell your house faster.

When making a buying decision, customers look for the features that add value to them. Home warranty plans attract them since they cover the repair costs of home appliances.

If you want to get high offers for your house and sell it faster, then you should buy a home warranty plan. Aside from increasing the property resale value, it also makes sure that the home appliances are in working condition through regular maintenance.

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