Homeownership can be a tricky thing. That is, while some people see the home as something that they must build up for their families, expecting it to be in the family for a long period of time, there are those that see their home as more of an investment. While keeping the home running is something that both of them are interested in, their motivation for doing so is different. It is worth looking at how to run a home from a business perspective; whether you wish to pass the home on or sell it at some point making sure that the home does not fall apart is always a good thing. It can only help keep things running smoothly to take a step back.
Inherent in running the home is to understand the difference between home insurance and a home warranty. Home insurance is set up in case something happens to the home as a whole, such as it being destroyed or severely damaged, such as a tree falling on it or it being destroyed in a natural disaster. A home warranty, on the other hand, looks at the home as a number of interacting systems and helps if something happens to one of those systems. If the homeowner is unable to maintain the HVAC system or watering system, then the warranty steps in.
“A home warranty looks at the home
as a number of interacting systems
and helps if something happens to
one of those systems.”
In essence, while insurance helps if the home is destroyed or damaged, the warranty helps if something happens to a specific appliance or system of the home. While the two work essentially the same, with premiums, deductibles, and paying out, understanding the precise limits between the two can help you maintain the home better as you know which to draw from when something happens and can, therefore, cut through some of the red tape. Talk to an agent, such as one from TotalProtect Home Warranty, in order to determine what those limits are and how to best use them to maintain your home.
For those looking to pass on the home, a warranty ensures that the home will be there by maintaining the various systems of that home. For those interested in eventually selling their home, a warranty ensures that the home will be in great shape when it eventually gets sold. After all, a home is dependent on each of the various systems, from HVAC to plumbing to sewage, all working and working together well. A warranty ensures that the various contractors and repairman needed to keep the home going can be paid for whenever they are needed.
For those interested in selling the home, there are of course other considerations. It can only help by making sure that the home itself is in working order, but it helps to consider what people are looking for in a home. While this can mean that it is time to discuss things with a contractor, it can only help to have an idea of what you are doing. It is important to keep in mind that not all suggestions work for every house. Some homes just have too little space to properly exploit an open floor plan, for example, while sometimes they may remove some of the charm of the home. Also, it can sometimes help to have a home that depends on its own uniqueness rather than looking like every other home.
“The best thing to do is to use a
warranty to help in maintaining
the home and improving things
by small steps.”
It also helps to keep the home maintained. A clean home will always sell better and faster than a dirty one, and it also helps to make sure that every system is not only in working order but is as good as it can be. While there are plenty of tips for selling your home, not all of those tips are going to apply to everyone. The best you can do is take a careful look at your home, decide what can be improved upon, and work at improving those features. The best thing to do is to use a warranty to help in maintaining the home and improving things by small steps. Doing so ensures that your home will run smoothly and be prepared for whatever plan you have in store for it.
Are you using — or planning to use — a home warranty?
Share your thoughts and comments with us.
Leave A Comment