Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-03-2010, 12:52 AM
 
88 posts, read 300,463 times
Reputation: 58

Advertisements

We purchased a new construction home last year and the 1st year warranty will expire next month. We have rec'd paper from a few companies that offer warranty programs. Should we consider this or not? When we purchased our home, our inspector found minor things that were corrected. Should we consider having a new inspection or any recommendations? I just don't want something really expensive too wrong and a warranty might cover it.
Reply With Quote Quick reply to this message

 
Old 03-03-2010, 05:29 AM
 
Location: Charleston, SC
5,615 posts, read 14,737,285 times
Reputation: 2555
I've never had one or had anything happen they would have covered, so I have saved (warranty cost) * ( X number of years I've owned houses)

One thing you may want to co sider is that from what I've heard at least they are surprisingly good at getting out of things you want to claim. Also heard plenty of quality complaints from them farming the work out to the lowest bidder.
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 07:39 AM
 
Location: San Antonio, TX
8,399 posts, read 22,889,263 times
Reputation: 4435
I found this response on the web and strongly agree with it...

Quote:
As long as you're paying for home owner's insurance, getting and extended repair warranty for your home is probably a waste of money. If you've had no problems the first two years, you're probably in good shape. Any major problems would have become evident by now and though wear and tear will occur, it probably won't happen to such an extent in the next two year that you should require such a warranty. You can never predict catastrophic problems, but that's what insurance is for. If you want peace of mind, try reviewing your home owner's insurance policy and maybe opt for a plan with more coverage. But don't waste your money on that extended warranty.
Most extended warranties, such as for cars, electronics and homes, are usually a waste of money...
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 08:17 AM
 
4,145 posts, read 10,390,345 times
Reputation: 3338
While most agree that extended warranties are a waste (and I agree on just about everything), because I negotiate one into every buyer's contract I write, I get notified when each of my clients makes a claim against theirs. This year I've gotten many notices on little things such as oven repair, water heater replacement, a/c repair, etc. Things that just "go wrong" on a house. Now, most of these are on pre-owned homes. Some clients haven't used them at all. Some have used them multiple times in a year and it's saved them a ton.

If you've got a good emergency account, it's probably not necessary. But if you don't have the costs to cover a water heater replacement or other similar costs, it may be worth looking into.
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 08:22 AM
 
Location: New Braunfels, TX
7,105 posts, read 11,746,447 times
Reputation: 7988
Kevin - based on your experience, which ones are good - and which are nightmares? I'm not one to buy 'em, but lots of folks are, and someone such as yourself could really help others avoid buying from one of the "not covered" type companies!
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 08:25 AM
 
4,145 posts, read 10,390,345 times
Reputation: 3338
I've always had good luck with Lane America Home Warranty, which just changed their name to Buyer Protection Group. Homepage - BPG Home Warranty

I've never heard a complaint from any clients and their marketing rep that I deal with always seems to be on the ball.
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 08:34 AM
Bo Bo won $500 in our forum's Most Engaging Poster Contest - Tenth Edition (Apr-May 2014). 

Over $104,000 in prizes has already been given out to active posters on our forum and additional contests are planned
 
Location: Ohio
17,107 posts, read 37,957,687 times
Reputation: 14444
Rather than pay for more warranty, pay for an inspection and have a professional determine whether there's anything else that your warranty can fix before it lapses.
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 09:28 AM
 
Location: New Braunfels, TX
7,105 posts, read 11,746,447 times
Reputation: 7988
I agree...but to a degree. I'm pretty much a "handyman" - I can plumb, weld, trouble-shoot and repair electrical - but most can't. And it's a challenge to predict the condition of electrical components simply by testing amperage draw, etc. And most home inspectors will face the same challenge. You can't tell the condition of piping, etc. with an external inspection - and unless the hot water heater is gurgling like Tammy Wynette, good luck predicting anything on it!
I was recently reminded of one of the big attractions to HO warrantees by our youngest son and his wife, who are in the process of buying their first home. Like so many other young couples, their budget doesn't have a whole lot of room for Murphy to visit - so they're looking at HOW's to help them "bridge" any problems they might encounter - ergo my interest in getting experienced information on what's available.
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 09:50 AM
 
107 posts, read 276,357 times
Reputation: 83
va diva,
since you have a new construction you only have to get the warranty company to replace what breaks not "upgrade" to code standard. just read all the fine print. some will repair/replace at their discretion only the broken parts not an entire unit. its really only important if you feel large ticket items are going to go out soon, otherwise put the monthly cost into a savings account for emergencies and you should be fine. the fun with home warranties begins when you have an older home. most dont cover any of the cost to bring existing installations into code compliance. some will cover a few hundred dollars for an extra monthly fee. like i said, read the fine print and shop around a lot. ask lots of questions, lots of times. you can buy a home warranty anytime you want so if you lapse for a month to find the right one its ok.
Reply With Quote Quick reply to this message
 
Old 03-03-2010, 12:23 PM
 
2,312 posts, read 3,649,945 times
Reputation: 1606
As fast as they build homes in this area, you need to try to grab every warranty you can
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top