Read our blog for information on the buying and selling process, tips, home ownership guides, decorating ideas and more. From current home decorating trends to understanding your legal contracts, Tru Real Estate Team has the expertise you need.
Learn More About Tru Real Estate Team
If a pipe bursts when you’re renting you’ll call your landlord and he’ll fix it. Unless you signed a very bad contract or have a very unscrupulous landlord the worst you’ll suffer is a day or two without water. If instead you choose to buy a home in St. Paul, Alberta, you’ll be on the hook for every penny of the clean-up and repair.
A home warranty covers the potentially huge costs of damage to your home, and it’s just as important as car insurance- but it’s not mandatory.
Home Warranty Basics
You may receive a policy as a perk when go to buy a home in St. Paul, Alberta, though it’s still worth checking to see if a better policy is available. If you have hired a contractor to build a home they should provide a warranty for their work- check their documentation carefully to make sure that the warranty is comprehensive. If you are building your own home then you can apply to the provincial government for an exemption, but it’s not recommended.
You can read more about home warranties here.
Like any insurance, if you never have to use it you will have paid for nothing. Although the warranties themselves will hardly break the bank on a reasonable-sized home, those with annual, as opposed to monthly payments, could still make a dent in your finances. If you are buying an older home you may find that some appliances, like the boiler, aren’t covered, and you will have to make a choice between replacing them or not being covered.
A Home Warranty could potentially save your finances in the event of a major appliance failure or other forms of serious damage. They’re not perfect, however, so be sure that you understand your particular policy and all its ins and outs. As realtors with Tru Real Estate Team we’ll help you out when you go to buy a home in St. Paul, Alberta, and be on hand to guide you through the warranty on your home- just give us a call.