Rehabbing & House Flipping

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Landon Schlabach
  • Columbus, NC
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Home Warrenty for a Flip

Landon Schlabach
  • Columbus, NC
Posted Mar 30 2018, 06:47

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. 

Thanks

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