Is a Home Warranty Worth It? Breaking Down the ROI
When it comes to protecting your home, unexpected repairs can wreak havoc on your budget. Whether it’s a broken water heater or a malfunctioning HVAC system, these surprises often come at the worst possible time. This is where a home warranty steps in as a valuable asset for homeowners, offering both peace of mind and financial security.
But is investing in a home warranty truly worth it? Let’s break it down.
What is a Home Warranty?
A home warranty is a service contract that covers the repair or replacement of key home systems and appliances due to normal wear and tear. Think of it as a safety net for things like your plumbing, electrical systems, kitchen appliances, and HVAC. Unlike homeowners insurance (which covers damage caused by unforeseen events like fires or storms), a home warranty focuses on the items you use every day.
The Real Costs of Home Repairs
Consider these average repair costs:
Replacing a furnace: $3,000-$10,000
Fixing an air conditioning unit: $150-$4,000 or more
Repairing a refrigerator: $300-$1,000
Replacing a hot water heater: $1,600-$5,400 or more
These expenses can add up quickly, especially when multiple systems break down within the same year. With a home warranty, you pay a predictable monthly or yearly premium. This can drastically reduce the financial burden of unexpected repairs. In many cases, the amount spent on replacing one home system can be multiple times more expensive than an entire year’s home warranty coverage with UPKEEP.
Who Benefits Most from a Home Warranty?
While nearly any homeowner can greatly benefit, home warranties are especially valuable for first-time homeowners who may not have the savings or experience to handle large repairs, sellers who want to make a home more attractive to buyers, and owners of older homes with aging systems and appliances.
Why UPKEEP Stands Out
Not all home warranties are created equal. At UPKEEP, we pride ourselves on providing transparent, dependable service to homeowners in the Saint Charles, Saint Louis, and the surrounding areas. Unlike many providers, our plans are designed with local homeowners in mind, offering coverage that matches the needs of your home with quick response times, reliable contractors, and no hidden fees. We make it easy to protect your investment.
UPKEEP continues to go above and beyond other home warranties by providing a routine home service plan and maintenance program WITH a full home warranty: truly an all-in-one package. And because we maintain your home’s major systems and appliances, we don’t deny claims for lack of maintenance. We visit your home 4x per year to provide the needed maintenance that keeps your appliances, mechanical, electrical, and plumbing systems running like they should. You’ll also have a dedicated Home Manager and maintenance team who know all the details of your home. When you do have a problem, they come with the right parts the first time.
UPKEEP clients also enjoy a Mister Fix-It discount on handyman and remodeling services, and every quarter, 15 FREE maintenance minutes (to use toward projects) are added to your account.
Peace of Mind that Pays Off
Ultimately, a home warranty if more than a financial decision—it’s an investment in peace of mind. With an UPKEEP home warranty, you don’t have to worry about unexpected repair costs or finding a trustworthy technician. We’ve got you covered so you can focus on what matters most: enjoying your home.
Ready to learn more? Contact UPKEEP today to explore our flexible home warranty plans and see how we can help safeguard your home and budget!
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