Many people believe the only good thing about owning a home
warranty is that it might help sell your home, but if you're not
moving, their protections are limited.
Typically, warranty companies are difficult to deal with. Most require
you to use their contractor only; rendering the warranty company only as good
as their authorized contractors. If the company partners with unlicensed
contractors or contractors with poor Better Business Bureau histories, you
could have a mess on your hands. That is, if they even show up.
Consider an alternative: set aside $50 a month in a
repair fund. Tap into it instead of a $400 to $600
annual warranty when major things start to fall apart.
Like anything else, you should shop several types of home
warranties. Compare their costs, histories and reputations,
especially their deductibles and rates-of-response. But also compare them to the cost of starting your own
repair fund -- and to the cost of a solid termite contract that includes a
repair guarantee
.
No comments:
Post a Comment