Tuesday, February 26, 2008

How to protect yourself when buying a house

When you buy a home, be it your first or not, it is important that you protect yourself and your investment. Many people will ensure that their devices are guaranteed, as well as their vehicles. Most people will not make a big purchase such as those without a guarantee, so why is it that so many people make the largest purchase of their lives (a home) and do not get a guarantee?

There are a lot of things you can do to protect yourself when you buy a house, but perhaps above all is to ensure that you have a guarantee on this house. A guarantee of housing is not a new product - in fact, home warranties have been around for some time. In the past, however, most people thought that the house are just the guarantees offered by manufacturers on new homes, but that's not the case. In fact, you can buy a home warranty on the entire house, new or used.

Typically, the buyer or seller will buy a home warranty. A buyer purchases a house on the guarantee of an old house to protect themselves from any major repair work to be done that can not be learned during the inspection, or planned. It is difficult to say that the water heater or furnace is ready to restart the bucket and the need to replace the light. A home warranty protects repairs and replacements for the duration of the contract. The seller to buy a guarantee housing for the house, they are sold as a feature of sale. A guarantee housing helps to secure their prices near where it is present then. In addition, many houses that come with a guarantee of housing will sell much faster than one without.

With it, then it is important that when you buy a home make sure you have a guarantee of housing. A guarantee housing will save you a lot of time, money and the major difficulty, if something should go wrong. In most cases, a home warranty covers:
  • Air conditioning system
  • Built in dishwasher
  • Built in the microwave
  • Built in trash compactor
  • Ceiling fans
  • Central heating unit
  • Duct work
  • Electrical Systems
  • Unit garbage disposal
  • Plumbing
  • Refrigerator
  • The oven or range
  • Washer and dryer
  • Water heaters

Here is a list of things that are not generally covered by a guarantee of accommodation:
  • Outdoor sprinkler systems
  • Outdoor water systems
  • Faucet repair (unless otherwise specified in the policy)
  • Spas (you can ask / add this protection in certain cases)
  • Pools (you can ask / add this protection in certain cases)
  • Spas (you can ask / add this protection in certain cases)
  • Permit Fees
  • Hauling away debris
  • Hauling away old appliances
There are elements that are often not covered by some plans, which are covered by others, including:
  • Washers (because they are not integrated into the house and are not always included in a home.)
  • Dryers (because they are not integrated into the house and are not always included in a home.)
  • Garbage disposals
  • Open garage door
  • Refrigerators
The best thing to do is to talk to the agent you are dealing with and ask what is and is not covered in detail with your policy. Anything you talk should be put in writing and signed by the agent. If he says garbage collection is covered, then make sure it is written into the policy.

It is better to take some time and do research if you buy your own home warranty package for a house. The rate of coverage and deductibles vary from one company to another and from one state to the. There are many options available to you to speak to a qualified home warranty to discuss what kind of guarantee program housing suits your needs best.

If you buy a house that comes with a guarantee of housing, it is important to remember that this type of guarantee is not renewable, whereas if you buy your own, it is likely could be renewed during the initial year long time is up. Again, it is important to ask the seller what is included and not included in the warranty before buying the house. Read the policy to make sure that you are clear about what is and is not covered.

Buying a home is an exciting time, but it can also be very intimidating. You never know what you get when you buy an old house, but a guarantee of housing can help dispel the fears that you have.

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