Four Reasons You Need a Home Inspection Before Home Warranty Expires
Updated: Dec 31, 2022
When it comes to buying a new home, it can be an exciting and overwhelming experience. There is so much to consider, from the location to the layout to the price. One important step that many homebuyers may overlook is getting a home inspection before their home warranty expires. A home inspection is a thorough evaluation of a home’s condition, including the structure, systems, and appliances. It is a critical part of the home buying process and can potentially save you thousands of dollars in repairs down the road.
Home warranties from builders typically expire 12 months after the closing date. Once a 12-month home warranty expires, the home is no longer protected against common repair and maintenance issues. The home warranty company will no longer cover the cost of repairs or replacements for the home’s systems and appliances.
The homeowner is responsible for all future repairs and maintenance costs.
Below are 4 Reasons You Should Have Your Home Inspected Before Warranty Expires
1. Uncover Potential Issues in the Home
One reason why homebuyers should get a home inspection before their home warranty expires is that it can help uncover any potential issues with the home. When you buy a home, you are essentially investing in a large and expensive asset. You want to make sure that your investment is a sound one, and a home inspection can help you do just that. During the inspection, a certified professional will examine every aspect of the home, from the roof to the foundation to the plumbing. They will look for any signs of damage or defects that could potentially cause problems in the future.
For example, if the home has an old roof, the inspector may recommend replacing it before it begins to leak. If the home has outdated electrical wiring, the inspector may recommend updating it to meet current safety standards. These are just a few examples of the types of issues that a home inspection can uncover. By getting a home inspection before your home warranty expires, you can get a clear understanding of the condition of the home and make any necessary repairs or updates before they become major problems.
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2. Protect Your Investment
Another reason why homebuyers should get a home inspection before their home warranty expires is that it can help protect their investment. A home warranty is a type of insurance policy that covers certain repair and replacement costs for a specified period of time, typically one year. However, a home warranty does not cover everything. For example, it may not cover pre-existing conditions or wear and tear on appliances. If you find out about a problem with your home after your home warranty expires, you may be responsible for paying for the repair or replacement out of pocket.
A home inspection can help protect your investment by identifying any issues with the home before your home warranty expires. This way, you can have the seller make any necessary repairs before you close on the home, or you can negotiate a lower price to cover the cost of the repairs. Either way, you are taking a proactive approach to protect your investment and ensuring that you are not stuck with unexpected repair costs down the road.
3. Gain Peace of Mind
In addition to helping uncover potential issues and protect your investment, a home inspection can also give you peace of mind. Buying a home is a big decision, and it is natural to have concerns about the condition of the home and whether it is worth the investment. A home inspection can give you confidence in your decision by providing a thorough evaluation of the home’s condition. It can also give you a sense of what to expect in terms of maintenance and repairs, so you can plan and budget accordingly.
4. Understand Your Home's Value
Finally, a home inspection can also help you get a better understanding of the home’s value. While a home’s value is typically determined by its location, size, and other factors, the condition of the home can also affect its value. If the home has significant issues or defects, it may be worth less than a similar home in good condition. By getting a home inspection before your home warranty expires, you can get a clear understanding of the home’s value and make an informed decision about whether it is worth the investment.
In conclusion, homebuyers should get a home inspection before their home warranty expires for several reasons. It can help uncover potential issues with the home, protect
Schedule your home inspection with Blackrock Home Inspections, PLLC today!