Home warranties are often recommended to homeowners as a reliable way of protecting the critical systems and appliances in a private residence. While they’re popular with homeowners who own and reside in one home, home warranties can also be a great resource for homeowners who rent out units to tenants. A home warranty for multi-family dwellings or a home warranty for apartment building complexes can save landlords a significant amount of time and money.
Liberty Home Guard has a wealth of home warranty plans available. First, let’s go over what a home warranty is and explore some of the benefits of a home warranty for landlords.
BUY a Ashburn, VA HOME WARRANTY
A home warranty offers affordable protection for systems, appliances, and structures in an around a home. It’s not the same thing as homeowner’s insurance. While insurance will provide a payout in the event of disaster, a home warranty is more specialized and covers the repair and replacement of various home components. Some things typically covered in home warranty agreements include:
Heating, ventilation, and air conditioning (HVAC)
Plans can typically be upgraded to cover additional items, such as pools, smart devices, and stand-alone appliances.
As with insurance, homeowners pay a premium to the warranty provider when they enter into an agreement. Cheap home warranty plans may cost only a few hundred dollars for the entire year. Upgraded plans that cover additional items are more expensive. When something in the home fails, the homeowner files a claim. The warranty provider will then dispatch a technician to the residence to diagnose the issue. If the item requires replacement, the warranty protects the homeowner from fronting the cost.
A multi-family, apartment, or duplex home warranty can offer excellent protection for a real estate investor’s portfolio. Let’s take a closer look at some of the benefits.
Financial protection. Plumbing, HVAC, and electrical systems are complex and require expensive professional attention. Home appliances—refrigerators, ranges, ovens, dishwashers, and the like—are extremely costly to replace. If you’re renting out multiple units, it’s very likely that an expensive appliance or system will need to be repaired or replaced. A home warranty can shield you from taking the brunt of the associated costs.
Convenience. If you rent to many tenants, responding to service calls or arranging for service technicians to visit your units can eat up much of your time. Because home warranty providers have a network of technicians and repairmen at the ready, they can spare you this task.
Reassurance. Even the most reliable and responsible tenants put wear and tear on a home or apartment, and time and the elements stress home components over time. A home warranty can alleviate the stress of worrying about when something will require your money and attention.
Comfort for your tenants. A home warranty means your units will always be in working order, providing your tenants with safe and comfortable living spaces.
Asset appreciation. Home warranties routinely increase the value of living spaces. They can be a great draw for buyers if you ever want to sell a unit.
Whether you’re just beginning to dabble in real estate or you’re a seasoned investor, Liberty Home Guard has a plan for you. Our network of licensed, insured professionals can attend to your properties even if you’re states away. Contact us at (866) 699-4589 to find the best plan for you.
Appliance repair costs are an unwelcome but inevitable part of homeownership. Daily use can wear down an oven, dishwasher, or other appliance more quickly than we might like. Fortunately, there are ways to mitigate the expenses associated with broken appliances. An investment in insurance on home
Most home warranty providers stipulate a mandatory home warranty waiting period before you can schedule a service call to your home. If you purchase a home warranty plan from Liberty Home Guard, the waiting period can be 30–60 days, depending on the plan you are enrolled in. This is fairly
A home warranty is an excellent way to protect systems, appliances, and structures in your home, but there are limits to what a warranty plan will cover.
While every plan is different, home warranties typically cover general wear and tear. If home equipment is damaged for some other reason
High temperatures are a welcome part of summer if you have the opportunity to steal to the beach or pool. The heat isn’t so welcome when it means your home is hot and stifling, even after the sun has set.
An air conditioner is an indispensable amenity of modern life. For populations&
A home warranty is one of the most effective ways to protect your home. They ensure your home systems and appliances can be affordably repaired or replaced when something goes wrong, and they often go beyond the scope of homeowner’s insurance. For those just beginning to investigate home wa
An outdoor ceiling fan is a great addition to your home patio or deck. There’s the obvious benefit of cooling down your outdoor space so it’s comfortable in hot weather, but an outdoor ceiling fan is also an effective form of pest control. Fans keep flying insects at bay so you can en
A faulty appliance can be a homeowner’s worst nightmare. A broken range or oven can stop you from cooking in your own home. A refrigerator on the fritz can lead to an abundance of spoiled food. A busted air conditioner in the height of the summer means sticky, uncomfortable days and sleeple
A leaky roof is more than just a mild inconvenience. If water enters a home through the roof, it can damage systems and appliances within the home, invite mold, and compromise the home’s structural integrity. Homeowners should attend to a leak in the roof as soon as they notice it
Senior citizens often search for a place they can settle down in. They usually want to relax and live in peace during retirement and enjoy the luxuries of life on a relaxing Sunday morning.
As a result, they are making a significant investment in their current homes. One way to secure that
While home warranties are easy to find, don’t forget to read the fine print and understand the terms
Home warranties cover the maintenance and repair of appliances and major home systems like
Nothing feels better than enjoying a cool, inviting swim on a hot summer’s day right in your backyard