National maintenance and repair expenses on the rise
Census data has shown that over the past decade the amount that American homeowners spent on home maintenance and repairs has risen. This could be bad news for families who are already having trouble budgeting for these types of expenses. Individuals who are concerned about paying for home repairs should consider investing in a home warranty to mitigate the costs.
Maintenance and repair expenditures
According to a census report on expenditures for residential improvements and repairs, Americans spent more than $44 billion on maintenance and repairs in 2003. Over the next four years, that number rose to almost $55 billion. This data suggests that each year Americans spend more to keep their homes in top condition. According to the report, the most money is spent during the summer and fall seasons.
While the data for more recent years is not yet available, this trend has been consistent since the 1960s, so it will likely continue for years to come. For homeowners, this means that they will have to spend more to maintain and repair their home systems and appliances each year. Combined with other expenses, like tuition bills and automobile maintenance, these costs can be a burden for many families.
Trust home repairs to TotalProtect®
If you're concerned about budgeting enough money for repairs on your home, you may want to look into a TotalProtect Home Warranty. With the service, you'll be covered whenever an eligible appliance or system has a mechanical problem. You just pay your deductible, and TotalProtect will help cover the repair or replacement of the item.1 It's an easier way to protect your home, especially because repair expenses keep rising.
Failures Due to Rust and Corrosion
The majority of homes throughout the United States face problems of rust and corrosion. It can be a major contributor to malfunctions and most home warranty plans don’t cover it, but TotalProtect does.
As home remodels grow in sophistication, faucets are also growing more elaborate, with parts and materials that can be quite costly to fix or replace. With TotalProtect, you’re covered.
Built-In Icemakers and Built-In Ice/Water Dispensers
Refrigerator Icemakers and ice/water dispensers are terrific conveniences few of us want to give up, but they are also two appliances with a reputation for more frequent breakdowns and can be tricky to repair. Many plans exclude them or charge extra to repair. With TotalProtect, they’re protected.
You can enjoy money-saving home warranty protection on all these critical appliances and systems throughout your home:
- Dishwasher (built-In)
- Wall Oven
- Microwave (built-in)
- Trash Compactor (built-in)
- Range Exhaust Hood
- Garbage Disposal
- Clothes Washer
- Clothes Dryer
- Central AC
- Wall Units (up to 3)
- Central Heating
- Heat Pump
- Water Heater
- Wall Switches
- Main Panel/Circuit Breaker Box
- Interior Wall Wiring
- Ceiling Fans
- Garage Door Opener
- Interior Water Lines
- Interior Gas Lines
- Shower and Tub Valves
The best ways to cut costs?
Prevent more of those pricy repair expenditures with TotalProtect. You’ll protect against unknown problems that can quickly drain your budget.
The information in this article is intended to provide guidance on the proper maintenance and care of systems and appliances in the home. Not all of the topics mentioned are covered by our home warranty or maintenance plans. Please review your home warranty contract carefully to understand your coverage.