A Home Warranty Can Save Money
Posted by Mary Cox on
Your income tax is probably filed for last year by now and you’ve been through your expenses for the year. Money spent on repairs to your home is not deductible but being aware of how much you spent last year may help you make a decision that could save you money this year.
Sellers, often, provide a home warranty to buyers to give them peace of mind by limiting some of the out-of-pocket money spent on unexpected repairs for one year. Home warranties can be renewed by the buyer by paying the annual fee and any homeowner can purchase one for their home whether they had one when they bought it or not.
A home service contract typically covers mechanical systems and built-in appliances in the home. Many times, these items are not covered by the…
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