Two Ways to Get a Home Warranty
Custom Homes Builders in Denver Make It Easier Than Ever
The real estate market presents unprecedented challenges for today’s homebuyers. Houses are going for substantially above the asking price, and buyers are skipping critical steps like inspections and appraisals in the interest of closing the deal as quickly as possible. If you’re considering a similar tactic, read on.
Buying a house as-is is a risky maneuver. And let’s face it: even if you waive the inspections, you can’t deny lying awake at night, hoping there’s nothing major wrong with the house that’ll cost you big money in the future. It’s about this time you start wishing you had a warranty on the house.
The Current Housing Market Situation
A home warranty helps protect you if something goes wrong with one of the systems or appliances in the house. Existing homes are often years, if not decades, old. They don’t come with a warranty, but they probably should. Most of the systems and appliances are the same age as the house and already have several years of use on them. This situation factors into the purchase negotiations under normal market conditions. Buyers can cite the age of the HVAC system, for instance, to get a lower purchase price, especially if the HVAC system is nearing the end of its useful life.
But the real estate market is anything but normal right now. Buyers aren’t negotiating anything at this point; they’re just happy to get a house. And that leaves them wide open for problems in the future.
Home Warranties 101
A home warranty isn’t the same thing as homeowners insurance. Insurance covers events that happen to the house from outside causes: fire, hail, crime, accidents, and natural disasters. Warranties typically cover the breakage or failure of critical systems integral to the running of the house, specifically the HVAC, plumbing, and electrical systems. Many home warranties also cover major appliances such as dishwashers, ranges, refrigerators, laundry units, and more. Some even cover swimming pools and sprinkler systems.
Warranty companies have partnerships with systems and appliance repair companies that have agreed to make service calls under warranty. If a covered system or appliance fails, the homeowner calls the warranty company, gets a list of approved service providers, and arranges a service call. Sometimes the warranty company handles all this for the homeowner. The repair or replacement is then made at a discounted rate.
Two Ways to Get a Home Warranty
If you’re in the market for new homes for sale in Denver, there are two ways to get a home warranty.
- Purchase one independently from a home warranty company.
- Buy a house from custom homes from builders in the Denver area who provide warranties free of charge with the homes they build.
How to Purchase a Home Warranty on Your Own
Home warranties vary in coverage benefits, and no two warranty companies are the same. This means if you’re interested in getting a warranty during or after the purchase of an existing home, you need to do some legwork before making a commitment. You want to ensure you’re getting the type of coverage you need for the age of the house you’ve just purchased. The cost of the warranty has to fit within your budget. And you need to be sure you’re getting a warranty from a reputable company. This kind of research can be stressful and time-consuming.
When you buy your home warranty, your repairs are at the discretion of the warranty company and the third-party repair technicians they work with. Read reviews of any home warranty company online, and you’ll see why this can be frustrating.
Luckily there’s a better option.
Get a Warranty Directly from a Luxury Home Builder Like Oakwood Homes
Reputable luxury home builders in Denver — like Oakwood Homes — offer a warranty on every home they build. We stand behind our work; we know our reputation depends on building quality homes. Generally, new home warranties cover workmanship, building materials, and any construction defects.
You may be wondering why you need a warranty on a brand-new home. After all, no one has lived in the house before. All the systems are new. All the appliances are new, too. That’s the beauty of new homes for sale in Denver. But even new homes have the potential for minor hiccups. Many people have to come together to build a home, and humans are bound to make minor errors. There may be things that need to be corrected after moving into custom-built or quick move-in homes – and at Oakwood Homes, we want them to be perfect!
Oakwood Homes understands this and wants to make the correction process as easy as possible. That’s why, as one of Denver’s luxury home builders, we offer a new home warranty through Shazam Home Services, a division of Oakwood Homes. Shazam Home Services provides warranty services for all Oakwood Homes residents in the Denver area. And the good news is that this warranty comes with your new home.
Custom Homes by Builders in Denver Have What You’re Looking For
If you’re searching for new homes for sale in Denver that come with a warranty, take a look at custom-built homes from Oakwood Homes. If building from the ground up doesn’t fit your timeline, perhaps one of our quick move-in homes will work instead. We have several outstanding communities in the Denver area, and we’d be delighted to give you a tour of any of them.
Contact us today to schedule an appointment or get more information. We guarantee you’ll like what you see!