May 8, 2025 #1 Local News, Information and Event Source for the Century City/Westwood areas.

How Home Warranties Can Save You Hundreds of Dollars Every Year

As a homeowner, you take on a big financial load. After your down payment, you’ll have to cover home insurance, property taxes, mortgage, and possibly the homeowner’s association (HOA) fees. And that’s only the beginning. Then, you need to furnish the house, maintain it, and maybe upgrade it.

If you are a first-time homeowner, all these expenses may make you faint. You might wonder how you can save money after paying for all these things. One way is by purchasing a home warranty. 

As a new homeowner, replacing or repairing your HVAC, plumbing, and electrical systems, or any other major appliance that you use every day can have a serious impact on your finances. A home warranty can protect you from such a large expense.

Purchasing a home warranty is like a safety mesh for your finances. It can safeguard you from paying the typical costly replacement or repair bills when home appliances and home systems break down.

When a home appliance or system breaks down, you’ll have to adjust your budget to have it repaired or replaced. A home warranty can help protect your budget by paying for these unexpected expenses. What you might pay out of your pocket with a home warranty compared to what you would pay without a home warranty can be a significant savings.

Which Home Warranty Policy Suits You Best?

Home warranty policy providers provide a range of plans designed to suit the needs of different homeowners. If it is your first time purchasing a home warranty coverage, it can be challenging to choose one that suits you. Start by determining your home’s age. If you have a brand new home with modern appliances, you likely won’t benefit from a home warranty. The appliances will most likely be covered by the manufacturer’s warranty and contractor’s warranty.

On the other hand, if you purchased a home over a decade old, you should consider purchasing a home warranty. At this stage, home systems and appliances start experiencing serious problems due to normal wear and tear. It is cheaper to purchase a home warranty than to pay for replacements and repairs out-of-pocket.

Next, check review sites that assess home warranty policy providers. By going through the various home warranties in the market, you can get something that suits your budget and needs.

Who Benefits From a Home Warranty?

There are two groups of people best served by a home warranty – homeowners and real estate investors. As mentioned above, appliances and systems start to wear after 10 years of constant use. If your house is more than 10 years old, you will spend an average of $1,750 annually on repairs. However, the average cost of a home warranty is $600 per year. Even after five $70 service calls per year, you would still save about $800 per year.

Landlords also benefit from home warranties. If you manage multiple properties, do not spend your time fixing appliances and systems. Purchase a home warranty, and all you will need to do is call whenever a problem occurs. Let a professional contractor handle the issues while you continue with your day-to-day activities.

Don’t Let Home Maintenance Expenses Drain Your Wallet

Owning a home is an expensive venture. Maintaining your home contributes significantly to household expenditure, catching many homeowners by surprise.

At a minimum, a home warranty policy can save you hundreds of dollars. If your home is more than 10 years old, consider the money-saving benefits of a home warranty. 

Related Posts

Bruce Willis’ Former Beverly Hills Canyon Property Listed for $15 Million

May 5, 2025

May 5, 2025

Eight-Lot Mulholland Estate Includes a 1950s Ranch Home. 31 Acres A sprawling canyon estate in the Beverly Hills Post Office...

Prices Spike in Brentwood, West Hollywood, and Santa Monica Amid Post-Fire Housing Rush

May 5, 2025

May 5, 2025

Displaced Families Are Reshaping Los Angeles’ Housing Market on the Westside Home sales and prices across Los Angeles surged in...

Jessica Alba’s “Dream Home” Hits the Market for $19M Amid Split from Cash Warren

May 4, 2025

May 4, 2025

After 16 Years, the Couple Parts Ways and Prepares to Sell Their Family Estate. Actress and entrepreneur Jessica Alba and...

Preliminary Hearing Begins for Driver in Malibu Crash That Claimed Four Pepperdine Students’ Lives

April 30, 2025

April 30, 2025

Defense Disputes Speed Claims in PCH Tragedy That Killed Four A Malibu man accused of speeding and crashing into a...

Visible Flames Expected as ATF Conducts Testing in Santa Monica Mountains

April 29, 2025

April 29, 2025

Los Angeles Fire Department to oversee public safety during ATF fire tests The U.S. Bureau of Alcohol, Tobacco, Firearms and...

Los Angeles Residents Accused of Defrauding FEMA After Devastating Wildfires

April 28, 2025

April 28, 2025

Defendants Faked Damage and Residency to Illegally Collect FEMA Aid Five individuals have been arrested on federal charges for allegedly...

Gene Simmons Lists Modern Beverly Hills Home for $14 Million Amid Downsizing

April 27, 2025

April 27, 2025

Kiss Rocker is Trimming His Real Estate Portfolio, Parting Ways With a Luxury Home Rock legend Gene Simmons is looking...

March Sees Another Dip in Home Sales as Inventory Grows Nationwide

April 27, 2025

April 27, 2025

Existing-Home Sales Fall, Inventory Builds as Buyers Face Higher Prices Existing-home sales across the United States declined in March, according...

Mayor Issues Emergency Order to Waive Permit Fees for Palisades Residents

April 27, 2025

April 27, 2025

City Departments Ordered to Suspend Collection of Fees for Rebuilding Mayor Karen Bass on Friday issued an Emergency Executive Order...

Skip Traffic, Relax, Catch a Vibe: Midweek Sunset Party Lands on the Westside

April 23, 2025

April 23, 2025

DJ Jason Bentley, Mocktails, Games, Food Trucks, Light Up Fox Hills Commuters looking to escape rush hour gridlock on Thursday,...

Representative Brad Sherman in Person at CSUN Town Hall This Weekend

April 23, 2025

April 23, 2025

Constituents of California’s 32nd District Invited to an In-Person Q&A Session U.S. Rep. Brad Sherman will hold an in-person town...

Lawsuits Allege Insurance Giants Conspired to Undercut California Fire Victims

April 21, 2025

April 21, 2025

Two Lawsuits Accuse Top Carriers of Price-Fixing and Violating Antitrust Laws Attorneys representing homeowners impacted by California’s January wildfires have...

Los Angeles City Attorney Sues Over Illegal Rentals, Wildfire Price Gouging

April 20, 2025

April 20, 2025

City Attorney Seeks Permanent Ban and Millions in Penalties for Operators City Attorney Hydee Feldstein Soto has filed a civil...

Multi-Concept Asian Restaurant Coming to Prime Sunset Strip Corner

April 20, 2025

April 20, 2025

Round 1 Delicious Inks Lease for Asian Dining Concept in WeHo West Hollywood will be the location for a high-end...

Hollywood Legend Raquel Welch’s Former Home Changes Hands in Beverly Glen

April 20, 2025

April 20, 2025

The Late Actress’s Longtime Residence Sold for $3.1 Million More than two years after Raquel Welch’s passing, the late actress’s...