Should You Buy a Home Warranty When You Close on Your New Home? With Travis Egan

The Honest Answer on Home Warranties

Many buyers wonder whether a home warranty is worth it when they close on a new home. Travis Egan gives a straightforward answer so veterans and first-time buyers can decide with confidence instead of guessing.

What a Home Warranty Can Cover

A home warranty can cover repairs on major systems and appliances during your first year or two of homeownership. That is the window when unexpected breakdowns can be the most stressful, because new owners are often stretching their budgets and have not yet built up a repair fund. Coverage varies by plan, so it helps to read what is included and what is not.

Ask the Seller to Pay for It

A home warranty is often something you can negotiate for the seller to cover. Including it in your offer or in your request for concessions can give you the protection at little or no cost to you, which makes the decision much easier.

The VA Does Not Require It

The VA does not require a home warranty as part of the loan. That means the choice is entirely yours. For a lot of first-time buyers, though, it works as cheap peace of mind during a period when everything about the home is still new and unfamiliar.

When It Makes Sense for a Specific Home

Travis brings up a home warranty when it makes sense for a particular property, such as a home with older systems or appliances. Every home is different, so the right answer depends on the age, condition, and your comfort level with potential repairs.

Have Questions About Your Home Purchase?

If you are getting ready to buy and want to talk through whether a home warranty fits your situation, reach out to Travis Egan with your questions. He is here to help. Semper Fi.

Sources

VA.gov
BenefitS.va.gov
ConsumerFinancialProtectionBureau.gov
HUD.gov
Investopedia.com