The trend has been moving toward home warranties recently, especially since it is more difficult to sell homes during a recession.  It seems that people want every advantage they can get, both homeowners and home buyers, and a home warranty is definitely beneficial for both parties involved in the sale.  Since it is beneficial to both parties involved, it stands to reason that someone wanting to sell a home would want to purchase a home warranty and cover some of the appliances and systems in the house in case they fail either before or after closing.  If a system fails before, you will not have to put more money into a property that you are trying to move as a homeowner.  If you are the buyer, you want to make sure that you are covered in case a system or appliance fails once you take possession of the house.

There are certain appliances that are not covered in a home warranty.  Among the things that are not covered are free standing appliances or appliances that were not built into the home like washers and dryers, water pumps, air conditioners, swimming pools and the list goes on.  However, the great news is that systems such as wiring and plumbing and built-in appliances such as stoves, ovens, microwave ovens, dishwashers, garbage disposals and so on.  As a homeowner, you will be a bit more at ease because you know that the wiring and plumbing, which are sometimes major issues during a home inspection, will be covered under the warranty and that is a major benefit.  Having that assurance will let you rest easier and it might even bring you a higher price for your home and help it to move faster, which are even better benefits because you are increasing the marketability of your home.  You are also giving yourself a safeguard in case something goes wrong with the systems after the sale.  The buyer will not have to come after you through legal actions after the home has been sold.

A buyer would certainly benefit from moving into a home that he/she knows is covered by a warranty.  Even if the report states that there were no major flaws found in the home, there may be flaws that show up after you move in and you will have your warranty to back you up if this happens.  If you are the buyer, check the warranty thoroughly so that you know what is covered and what is not.  You can always contact the warranty company if you want to expand the warranty and cover other appliances.  There are companies that will cover extra appliances at an extra cost, of course.  An average home warranty with some extra appliances covered will be around $600, but that will depend on the company you are working with and the appliances that you are covering. 

Whether you are a homeowner or a home buyer, you should be well aware that a home warranty does not usually cover natural disasters, theft or secondary damage.  This is why it really pays off to be familiar with the warranty and everything that it covers.

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