Mitchell Homes Fredericksburg
One of the concerns that all home buyers must consider is, What if something unexpected goes wrong? This could mean anything, an unforeseen home repair or a sudden need to replace a large appliance like a refrigerator, range, or dishwasher. For many homeowners, this can cause intense stress and anxiety, as the expenses pile up and the bills become more and more difficult to pay. However, as with many things in life, much of the stress and anxiety can be avoided if you simply plan ahead. That’s why many homeowners choose to invest in a 2-10 Home Buyers Warranty®. Read on for more information.
A home buyers warranty—also known as a systems and appliances service agreement—is a contract you can purchase in advance to provide coverage for the main systems and major appliances of your home.
Depending on the warranty, different things will be covered, and you’ll have to do a little research to discover what your specific needs are. Standard warranty types will cover heating, air, plumbing, and electrical systems, as well as major appliances, such as the water heater, stove, oven, garage door opener, and dishwasher. If your home systems or appliances fail during the warranty period, the warranty company will pay for their repair or replacement.
A warranty is purchased before the home sale is closed. Crucially, it differs from insurance in the sense that a home buyers warranty covers parts breaking down due to normal wear and tear; they don’t cover accidents, storm damage, vandalism, or other events that are normally covered by homeowner’s insurance. There are generally two types of warranties you can purchase: one for a new home or one for a resold home. When purchasing either type of warranty, you’ll want to do a little research on the particulars. Warranties can also be purchased to last for different lengths of time. Two-year contracts are standard, but you can often also opt for a ten-year warranty.
There are many home warranty services out there, but the reality is that they are not all equal. Some customers opt not to buy a warranty at all; they simply put the money they would spend on a service contract into a savings account they plan to use for repairs and replacements. While saving money devoted to home repairs is never a bad idea, the fact is that when you’re dealing with unexpected costs and other potential problems, having coverage should always be a priority. When looking for a home warranty company, you’ll want to consider the cost, what is covered, and critically, the reputation and history of the home warranty company.
Many home buyers today are interested in custom, or semi-custom, homes, such as the ones made by Mitchell Homes. Of course, a custom-built home will benefit from a warranty as well, and the ones built by Mitchell Homes will come standard with a 2-10 Home Buyers Warranty®. 2-10 is a name-brand company, and what sets it apart from other home warranty companies is primarily its great reputation. While there are many home warranty companies out there, only a few of them have actually been approved by HUD (the United States Department of Housing and Urban Development). Perhaps even more crucially, they are highly sought after by customers and maintain an A+ rating from consumers with the Better Business Bureau. Having a home custom built to your specifications and then sitting back and relaxing knowing it’s covered by a reliable warranty means a lot to consumers.
Now that we’ve offered a thorough introduction to what a home warranty is, let’s go through the steps involved if you should run into a problem and need to file a claim. Of course, first, you will notice something is wrong—for example, your dishwasher doesn’t seem to be working—and in this case, you must contact the 2-10 Home Buyers Warranty® company directly to file your claim.
You should not contact a service professional on your own, as this will not be covered. Instead, the company will send a designated contractor to do an inspection and make any necessary repairs. Generally, the homeowner pays a nominal fee to make a warranty claim—this is meant to discourage frivolous claims—and the warranty company will pay the service person directly. The possibility exists, of course, that the system or item that is under warranty cannot be repaired. If this is the case, the warranty company will authorize a replacement, which they will then have installed for you.
As we’ve mentioned above, a home warranty is not the same thing as homeowners insurance, and you will generally need to have both for your home. A warranty covers repairs and replacements due to normal wear and tear; so, for example, if an electrical system fails due to age, the warranty will cover its replacement.
Homeowner’s insurance covers damage that occurs due to unforeseen circumstances; for example, if a storm damages your roof, then it will be the insurance, not the warranty, that covers your repairs. When you are buying a home, whether new or otherwise, it is important to research both your warranty and your insurance.
As we’ve mentioned, 2-10 Home Buyers Warranty® is a highly reputable, name-brand way to get a house covered, and in fact, it comes standard with every new home built by Mitchell Homes. What you’ll get is 10 years of structural coverage; that’s everything pertaining to the structure of your home, such as load-bearing walls, footings and foundations, beams and girders, and so on. You’ll also get two years of systems coverage; that’s everything electrical and mechanical that comes with the home, as well as the plumbing. You’ll even get one year of workmanship coverage; that’s carpentry and finishes, should you need any cosmetic repairs or similar work done. You’ll also have the option, when the warranty runs out, to renew it and continue the coverage on your home.