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Home Buyers
First time home buyers are often lost when it comes to the various details of purchasing a new home, so some important services could get missed if you don’t educate yourself. One such service is a home warranty. Buying a home is expensive, likely to be the largest purchase of your lifetime, so it is important to protect your investment. A home warranty is a bit like an insurance policy, only it is purchased at the time of sale and it provides a more limited kind of coverage. The warranty pays for repair and replacement of household problems, generally at least for the first year of ownership, with the possibility of extension. Getting your home serviced simply involves calling the company that services your warranty, they will hire a repair person and charge you a per service fee, generally less than $100.00.
Generally speaking, every home should have a warranty when it is purchased. If possible, you may be able to get the original owner to pay for the cost, as it ensures you will not be calling them if something breaks. The coverage provided is sufficient for most small issues around the house, but they do not cover accidents, code violations, improper maintenance and installation, and any damage that is outside of usual wear and tear. This means that you will still need a regular insurance policy for your home. As well, the more expensive appliances in your home won’t be covered, as well as outdoor pools and other outdoors items.
In the end, it would be a mistake to not take a home warranty. Filing warranty claims won’t affect insurance rates, and will only cost you a small fee per service. This benefit alone is enough to justify picking one up, and the fact that you can generally get a seller to pay for it means it isn’t even going to cost you anything! Home warranties provide an important service you’d be making a mistake if you passed by.
Posted: July 8th, 2008 at 12:17 pm |
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Home Sellers
Improving the value of your home is important, whether or not you are loooking to sell in the near future. This is because making incremental improvements in your home’s amenities will gradually improve the value of your home substantially. But of course, you are paying for each new appliance, paint job, and remodeling work, so it’s important to make sure you get the best possible benefit out of each improvement. Saving money is probably the best way to ensure you get the most out of your improvements, so try to focus on some of the following ways to cut costs.
When installing new countertops, avoid the more expensively cut corners by going for square edges. You can get an even better deal if you purchase remnant pieces, allowing you to piece together your new countertop for a much lower price than the higher end, harder to produce counters. You can get granite at an amazing price this way, allowing you to greatly improve your home’s aesthetics and value at a lower cost! You can get a similarly good deal on large appliances like stoves and refrigerators by purchasing refurbished high end appliances. This will take a bit of research, as you need to find a reputable source, and will likely require having a repairman go over the appliance and replace any parts that look worn and likely to fail. You can easily save half the price of almost new appliances if you know where to look.
Using prefabricated improvements also helps. By installing an improvement with a general contractor rather than a specialist, you are going to save a lot of money, so looking into prefab options for roofs, patios, and any other large project. Salvaging classic décor is also a great way to save money. If you go to salvage yards and have pieces restored, you can save a great deal of money and find beautiful pieces that are unlike anything you can buy in stores. You’ll save money, and you will make your house more elegant and raise the sale price.
There are many other methods of saving money, so look into options for every improvement you do. If you are wise about your spending, you will ensure every improvement pays for itself in equity as your home’s value grows.
Posted: July 8th, 2008 at 1:40 pm |
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