Blog Post

Should You Get a Home Warranty for Your Property?

Cassie McClenaghan • January 27, 2025

Should You Get a Home Warranty for Your Rental Property?

Understand what a home warranty covers and what it doesn’t.

As a property owner, you’ve probably wondered, “Do I need a home warranty for my rental property?” It’s a question I get asked all the time, and the answer isn’t as simple as yes or no. Let’s break it down so you can make the best decision for your property and your wallet.

First, understand that a home warranty is not an emergency repair policy. If you’re renting out your property, especially in a place like Arizona, you’re legally required to respond to tenant issues quickly. Imagine the air conditioning breaking on a Friday night in the middle of summer. A home warranty company might not send someone until Monday, leaving your tenant without AC and you covering their expenses. Delays like this can cost you both time and money.

Instead of paying for a home warranty, you could set aside that money in an emergency repair fund. That way, you have funds ready for unexpected repairs without relying on a third party’s timeline. It also keeps your money in your pocket unless a repair is needed. This approach gives you more control and can save you from unnecessary expenses caused by warranty delays or exclusions.

"Your property’s age, condition, and maintenance history should guide your decision."

That said, a home warranty could still be useful for certain properties. If your rental is older or has systems nearing the end of their lifespan, a warranty might cover significant repairs. On the other hand, if your property is newer and well-maintained, you might never need a warranty, meaning the money you save could go toward other investments.

It really comes down to how much risk you’re willing to take. Do you see the potential for costly repairs as a significant risk, or do you prefer to save and handle issues as they arise? Your property’s age, condition, and maintenance history should guide your decision.

Deciding whether to get a home warranty depends on your specific situation, but you don’t have to figure it out alone. If you’re unsure about whether a home warranty is right for your property, we’re here to help. Call us at 602-581-3658, visit patpm.com, or connect with us on Instagram @patpm77 or Facebook fb.com/PatPM77. Let’s discuss your options and find the best approach for your property needs.

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