The Benefits of a Home Warranty

Plumber Fixing Domestic Washing Machine

Plumber Fixing Domestic Washing MachineA home warranty plan is something that every real estate investor ought to be thinking about ahead of buying a property. This type of warranty will protect your finances in the event of something going wrong with the property, whether it is an appliance fault or the wear and tear of a boiler system. Do not get home warranty confused with homeowner’s insurance because an insurance plan does not offer the same kind of coverage.

In fact, if you don’t have warranty in place, you will not be covered for the cost of repairing/replacing home system components. Also known as HSA, home warranty offers a whole host of benefits for both the buyer and the seller.

Let’s look into into the perks associated with this type of coverage:

  1. Protection Against Costly and Unexpected Repairs - Although you will have the chance to inspect the property for any damages or underlying problems during the open house, this does not mean that a problem will not surface in the near future. Wear and tear from using appliances, such as the lights, heating, and air conditioning, is inevitable. Rather than digging deep to fund unexpected repairs, you can rely on home warranty to cover the costs. Most major systems and appliances are covered on the standard plan.
  2. Full Replacement - There may come a time when the technician is unable to resolve the problem and make the appropriate repairs. In the event that this does happen, a full replacement will be provided with the costs covered by the home warranty plan. What’s more, the contractors are guaranteed to be completely professional and licensed to perform the job, so you can feel confident that the end result will be satisfactory.
  3. Small Service Fee – When you have no option but to contact a technician to visit your home and perform a repair or service on your home appliances, the fee will not leave you strapped for cash. Considering you will be paying a monthly fee for warranty coverage, the service fee will be considerably less than it would be if you weren’t investing in coverage.
  4. Annual Renewal - Once your yearly coverage is up, the home warranty plan can be renewed. It is completely up to you whether or not you go ahead and renew the plan, but since you have the opportunity to call for service as many times as you wish, chances are you’ll want to renew the plan before it actually expires.

There are some things you should know before purchasing a home warranty, such as the fact that policy prices vary from $200-$600 annually and when/if you make a claim; you will be required to pay a deductible. Take it upon yourself to find the best possible home warranty plan available by browsing your options first. Generally, service agreements will last for a year or more, but this totally depends on the provider of HSA. For the best protection, consider gaining coverage from a warranty plan and a homeowner’s insurance plan.

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Plumbing Issues and How to Fix them

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plumbing issuesBurst pipes, low water pressure, clogged drains – these are three of the most common plumbing problems. When a dilemma arises you may be tempted to pick up the phone and contact a local plumber. However, there are many do-it-yourself tactics that could save you a lot of money and hassle! In fact, most faults are easy to fix and when you learn how to maintain fixtures properly, the chances of future complications reduce. By taking matters into your own hands you can save hundreds of dollars. If you have located the source, use the following advice to help you detect plumbing issues and how to fix them:

1. Burst Pipes – During winter, the water flowing through the pipes can freeze, which can cause the pipes to burst. Leaking pipes can also happen at other times of the year. A plumber may replace the piping system completely. This can be quite costly, particularly if more than one pipe has (more…)

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What to do in Case of a Plumbing Emergency

Plumbing Emergency - Paramount Equity®

When pipes burst it is usually at the most inconvenient time possible: moments before a dinner party, when you are putting the kids to sleep or when you are about to leave the house to attend an important meeting. There is never a good time for a plumbing emergency. However, before the water begins to pool everywhere, know what to do in case of a plumbing emergency by following these steps to get the situation under control.

What to Do in Case of a Plumbing Emergency at Home 

There are several different types of plumbing emergencies that residents may run up against. Some of these emergencies may include:

• Backed up and overflowing toilet (more…)

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Emergency Plumbing: What to Do First

Plumbing Problems Paramount Equity® Blog

When you buy a house, there are many potential adventures in homeownership that you may go through at some point. In many cases, you simply have to smile and try to get through it, because it’s not going to be easy. For example, imagine that your dog wakes you up at 3 AM by shaking the water off of his fur up on the bed. It looks like your dog has just gone swimming in the pool and somehow got into your bedroom. Then you realize that you don’t have a pool. Your dog is covered in water and it’s coming from somewhere in the house. In this situation, many homeowners start to freak out and have no idea what to do. What would you do? (more…)

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