Homeowners Spend Over $2000 A Year On Unexpected Repairs
Without a home warranty the average homeowner will spend at least $2,000 a year
We all know that a house requires maintenance, but does anyone know exactly how much?
Research shows that, on average, a home requires annual maintenance costs that is around 1-4% of the home’s value. And this percentage steadily rises as the house ages.
But these repairs aren't primarily optional maintenance costs, but rather expensive work on essential home systems and appliances.
This means that in 2020, you'll spend thousands of dollars on repairing, or even replacing, things like your AC unit, furnace, water-heater, oven, washing machine or plumbing.
With a home warranty however, you'll only pay hundreds. This is because a home warranty will cover the full cost of repairs and replacements on all systems and appliances covered under your policy.
To give you a more concrete idea of what this means, the average homeowner will spend at least $2,000 on repairs annually that a home warranty would cover. Meanwhile, a home warranty only costs around $600 a year.
This means, with a home warranty, you're likely to save at least $1400.
Here's a breakdown of the top home warranty providers this year:
1. Choice: Best Reviews
- Full coverage of all HVAC systems
- No inspection or maintenance records required
- 100% Transferable
- $50 OFF + 1st month FREE
Choice is the leading home warranty provider nationwide. Their coverage will save you thousands in repairs and replacements when something goes wrong. They have the highest customer ratings in the industry.
2. Select: Best on a budget
- Affordable w/ clear-cut terms
- Unlimited service calls annually
- Extensive network of local technicians
- $100 OFF + 2 months FREE
Select offers 3 different plans based on your budget — all of which cover most major appliances and systems . The cheapest plan guarantees you basic coverage on the most expensive appliances in your home.
3. AHS: Customizable plans
- 45 years of experience
- Build your own plan
- 24/7 online support
- Offering 30% OFF
American Home Shield Warranty offers some of the most customized policies for heating systems that give you 24/7 access to thousands of technicians in their network. This means that you won’t have to search the web for contractors or repair technicians.