Home Warrenty for a Flip
Should I buy a Home Warrenty for my flip or not?
I am closing on a property within the next month should be a fairly expensive remodel and become little horse farm in the 400k range.
The property is a foreclosure but not in terrible shape as it was built in 2004. Of course the electric and water wasn’t turned on so I don’t know how the wells are, septic, and the hvac unit. Would it be worthwhile to purchase a home Warrenty just to cover myself in case there are any issues with any of the big ticket items? Or is it a waste of $400-$600?
Maybe my thinking is wrong but I figured for that price it could save me thousands if I need to replace the hvac unit etc.
Property is in NC.
Look forward to hearing your responses.