A Warranty Can Help Ease Maintenance Worries on a Camp Hill Home Purchase

A Warranty Can Help Ease Maintenance Worries on a Camp Hill Home PurchaseOne of the benefits of choosing to rent a home instead of purchasing one is that a renter is not responsible for the costs of repairs and maintenance on a home. It can be a significant home cost savings. However, the benefits of homeownership outweigh these costs when you purchase a home within a comfortable price point for your income. 

If you are hesitant to purchase a Camp Hill home because of the extra cost to maintain it, here are some things to consider. 

New Homes Need Very Little Maintenance and Come with Warranties

Choosing to purchase a new construction home where all of the fixtures from the foundation to the faucets are brand new and never touched by anyone else can help ease concerns about paying for the upkeep of the home. When everything in the home is brand new it lowers the chance of needing to pay for costly repairs. It is not a 100% guarantee, but it does drastically reduce the likelihood that you need to fix or repair something and incur an extra cost. 

Another aspect of purchasing a new construction home is the warranty. New homes often offer warranties to cover the work of the builder. If for any reason something goes wrong with your brand-new home in the first year of ownership it will be covered within the warranty. This is a strategy builders use to ease a homebuyer's mind and back up the trustworthiness of their construction. 

Donald Payne of Vision Realty in Columbus Ohio shares this description of a home warranty in a blog post:

"Home warranties will pay for the repair or replacement of items covered within the program such as appliances or other major operating systems in your home. Warranties that are purchased when you buy your home can provide coverage for a specific amount of time. The most common types of warranties are those included with brand new construction homes that last about one or two years. Some warranty plans can be sold as a subscription-type service and charge a monthly fee just like homeowners’ insurance."

You Can Get a Warranty for a Resale Home Too

A big aspect of purchasing a new home that gives peace of mind to a buyer is the home warranty. Not many Camp Hill home buyers are aware that you can purchase a warranty for an existing home when you buy the home. The warranty can be purchased by either the home buyer or the home seller on the buyer's behalf.

A warranty on a resale home covers major systems in the home for a specified amount of time. In some home purchase negotiations, a seller may offer to purchase a warranty on the home for the first year of ownership to help encourage the buyer that purchasing their home is a solid investment. It is best to navigate if you should ask for a seller to purchase a home warranty with the advice of a local experienced real estate agent. 

Purchasing either a new construction or resale Camp Hill home is always a great investment when it is within a buyer's comfortable affordable budget regardless of the market conditions. While homeowners are responsible for the upkeep and repairs of their home the benefits of earning equity and gaining wealth outweigh the costs. 

If you are looking to purchase a home in Camp Hill I am here to help. Contact me any time to get started shopping for your next home in Camp Hill. I am here for any of your central PA real estate needs, both buying and selling homes. 

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