Do You Need a Home Warranty for Your Real Estate in Santa Monica?

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Determine if you need a home warranty for your real estate in Santa Monica.

Purchasing real estate in Santa Monica is exciting! It’s a new chapter in your life to enjoy. However, your fairy-tale ending could come crashing down in the event that you need major home repairs. Fortunately, a home warranty can help to offset the costs of major home repairs. Check out what you need to know about a home warranty and how it can benefit you.

What is a home warranty?

A home warranty is a warranty policy for your home. While it helps to give you coverage for home damage, it should not be confused with homeowners insurance. Homeowners insurance gives you coverage for damage caused by disasters such as a winter storm or home theft. A home warranty, however, helps give you a safety net to repair broken household appliances. These warranties can be a big help when it comes to settling into your new home.

What are the benefits of a home warranty?

While home warranties are a great resource to fall back on, it’s important to consider whether they fit your needs. Determine whether it’s beneficial to invest in a home warranty by evaluating who will pay for the warranty and the age of the home and its appliances. If the warranty is offered as part of your closing package, there’s no harm in accepting it. However, if you’re thinking of purchasing one on your own, ask your realtor for some respected  home warranty  companies.  Most will cover older homes as well as newer ones.  There are differences though and it is always best to compare.

When buying real estate in Santa Monica, be sure to request a home warranty. When thinking of making a move, Sit Down With A Stand Up REALTOR®. Contact The Fealkoff Team for all your real estate needs. We’re helping families in both the Conejo Valley and the Westside of Los Angeles, including Westlake Village, Thousand Oaks, Calabasas, Santa Monica, Brentwood and more.