Home Warranty Facts

Posted by: James Moss / Category: Choice Home Warranty Information
  • Homes on the market with a home warranty included sell on average 50% faster than homes without. – National Home Warranty Association
  • Homes with home warranties return a sales price that averages 3% higher. – Business Week Magazine
  • 8 out of 10 buyers prefer to buy a home with a home warranty. – Gallup Poll
  • In 2002, 9 out of 10 California homes sold had home warranty coverage. – Home Warranty Association of California, 2003
  •  Nationwide, home warranty use is rising with housing trends. – Washington Times, August 2003
  • The average life expectancy of nine critical appliances/home systems is 13 years, and the likelihood of failure of one of these systems in a given year is 68%. – Home Repair and Remodel, Marshall & Swift L.P., 2004
  • Homeowners spend an average of $900 each year to repair home systems and appliances. – Consumer Expenditure Survey 2002, U.S. Census
  • A home system or appliance repair can range from $65 to $2,000 and replacement averages $1,085. – Home Repair and Remodel, Marshall & Swift L.P., 2004

Tags: , , , , ,

Comments are closed.