Home Warranty Review, Home Warranty Coverage Review, Assured Home Warranty
Top Home Repair Costs
One of the biggest investments people make is buying a home. The life span of appliances can vary greatly, depending on model and technology. In general, refrigerators can last an average of 14 years, electric ranges 16 years, and air conditioners 10 years. While benefits of homeownership are plentiful, there are also pitfalls. Routine maintenance and home repairs are an inevitable part of owning a home and often require more money than many people anticipate. Routine home maintenance costs generally represent 2% of your homes value annually.
As statistics show, homeowners typically spend several thousand dollars on home repairs each year. Worse, most people tend to make home repair decisions under duress, i.e. after the appliance has broken and needs to be fixed immediately. When the heating unit breaks down in winter, rash decisions are common and contribute to even more spending. As a result, home repairs can wreak havoc by causing financial hardships, depletion of your savings, and the incurrence of unexpected debts.
Many of the most common home repair items, such as air conditioning or heating, stovetops, refrigerators, or electrical systems are covered under a home warranty. With the average cost of repair or replacement of home appliances rising 15% annually, it is important to be prepared. Purchasing a home warranty is an inexpensive option that can help minimize the continually rising costs of these home repairs. Protect your home and your finances through planning and preparation. Give yourself peace of mind. After all, this is one of the biggest investments in life.
One of the biggest investments people make is buying a home. The life span of appliances can vary greatly, depending on model and technology. In general, refrigerators can last an average of 14 years, electric ranges 16 years, and air conditioners 10 years. While benefits of homeownership are plentiful, there are also pitfalls. Routine maintenance and home repairs are an inevitable part of owning a home and often require more money than many people anticipate. Routine home maintenance costs generally represent 2% of your homes value annually.
As statistics show, homeowners typically spend several thousand dollars on home repairs each year. Worse, most people tend to make home repair decisions under duress, i.e. after the appliance has broken and needs to be fixed immediately. When the heating unit breaks down in winter, rash decisions are common and contribute to even more spending. As a result, home repairs can wreak havoc by causing financial hardships, depletion of your savings, and the incurrence of unexpected debts.
Many of the most common home repair items, such as air conditioning or heating, stovetops, refrigerators, or electrical systems are covered under a home warranty. With the average cost of repair or replacement of home appliances rising 15% annually, it is important to be prepared. Purchasing a home warranty is an inexpensive option that can help minimize the continually rising costs of these home repairs. Protect your home and your finances through planning and preparation. Give yourself peace of mind. After all, this is one of the biggest investments in life.
