Should You Get a Home Repair Warranty?

Are Home Repair Warranties Worth It?

The answer depends on your home, habits, and risk tolerance.

Imagine your AC breaks during a heatwave — no time to compare prices or vet repair services. A home warranty can simplify this by sending a pre-approved technician for a fixed fee, potentially saving you time and stress.

In my case, I’ve had a home warranty on my 28-year-old house for over a decade. While it hasn’t saved much money overall, it gives me peace of mind. I don’t need to worry about inflated repair costs or finding a trusted technician — my warranty provider handles it all.

But not everyone agrees. Experts like Consumer Reports say home warranties often cost more than they save. They suggest building a personal repair fund instead, especially for newer homes or if you're handy.

When a Home Warranty Makes Sense:

• You’re not comfortable doing repairs.

• You don’t have a trusted network of service providers.

• You prefer predictable repair costs and less hassle.

When to Skip It:

• You’re handy or know reliable contractors.

• You’re willing to budget and pay as needed.

• You’re buying a newer or well-maintained home.

Quick Tip:

If you go for a warranty, shop around. Compare prices, coverage, and service fees — and re-evaluate yearly to ensure you're still getting value.