Do you find yourself wondering, “Should I move to Dallas, TX?” As the ninth-largest city in the United States, Dallas offers residents a unique blend of urban sophistication and Southern charm. From its iconic skyline dotted with towering skyscrapers to its thriving arts and culinary scenes, there’s always something new to explore. In this article, we’ll discuss the pros and cons of living in Dallas to help you decide if this city is the right fit for you. Whether you want to be cheering on the Cowboys or exploring the arts district, you’re sure to find something to love. Let’s get started.
Dallas at a Glance
Walk Score: 46 | Bike Score: 49 | Transit Score: 39
Median Sale Price: $420,000 | Average Rent for 1-Bedroom Apartment: $1,400
Dallas neighborhoods | houses for rent in Dallas | apartments for rent in Dallas | homes for sale in Dallas
Pro: Distinct culinary scene
Dallas boasts a rich and diverse culinary scene that caters to food lovers of all kinds. From authentic Texas barbecue to upscale dining experiences, the city is a haven for foodies. Specific neighborhoods, such as Deep Ellum and Bishop Arts District, offer an eclectic mix of restaurants and cafes that serve everything from traditional Tex-Mex to exotic international cuisines. This variety not only enriches the local culture but also provides residents and visitors with an endless array of dining options.
Con: Hot summers
The climate in Dallas can be challenging, especially during the summer months when temperatures frequently soar above 100 degrees Fahrenheit. This intense heat can limit outdoor activities and make daily life uncomfortable without access to air conditioning. The high temperatures also contribute to higher energy bills as residents try to keep their homes cool, impacting the overall cost of living during the peak of summer.
Pro: Thriving job market
Dallas is known for its robust economy and thriving job market, particularly in sectors such as technology, finance, and healthcare. The city is home to numerous Fortune 500 companies headquarters including AT&T, Tenet Healthcare, and Southwest Airlines. This provides as a wide range of employment opportunities for locals. This economic prosperity attracts individuals from various backgrounds, contributing to the city’s growth and diversity. The presence of such companies also fosters innovation and entrepreneurship within the community.
Con: Urban sprawl
The city’s rapid growth has led to sprawling suburbs and extensive highway networks. This has resulted in longer commute times and increased traffic congestion. Additionally, urban sprawl contributes to environmental concerns, such as air and water pollution, as well as the loss of natural habitats and green spaces. Despite efforts to promote sustainable development and public transit options, the pervasive urban sprawl in Dallas remains a significant drawback for locals.
Pro: Exciting attractions and events
Dallas hosts many cultural attractions and a variety of events throughout the year that cater to a wide range of interests. The city is home to world-class museums such as the Dallas Museum of Art and the Perot Museum of Nature and Science, as well as performance venues like the AT&T Performing Arts Center. Annual events like the State Fair of Texas and the Deep Ellum Arts Festival draw large crowds, offering locals and visitors the opportunity to engage with the community.
Con: Lack of public transportation options
With a Transit Score of 39, options for public transportation in Dallas is severely lacking compared to other large cities. While Dallas does have a public transportation system, including buses and the DART (Dallas Area Rapid Transit) light rail, it’s often criticized for its limited coverage and inconvenience. This can make it difficult for those without a car to navigate the city efficiently, particularly in the sprawling suburbs.
Pro: Sports culture
Dallas is a city with an intense sports culture. The city is home to several major professional teams including the Dallas Cowboys (NFL), Dallas Mavericks (NBA), and Texas Rangers (MLB). This dynamic sports scene fosters a strong sense of community and provides ample entertainment opportunities for residents. The city regularly hosts major sporting events, from regular season games to national championships. These events draw fans from across the country and contribute to the local economy.
Con: Extreme weather events
In addition to the hot summers, Dallas is susceptible to extreme weather events, including severe thunderstorms, hail, and occasional tornadoes. These events can cause significant damage to property and disrupt daily life, leading to safety concerns for residents. The city has systems in place to manage and respond to these events, but their unpredictability and impact are ongoing challenges for the community.
Pro: Educational opportunities
Dallas offers a wide range of educational opportunities, with numerous highly regarded universities and colleges located within and around the city. Institutions such as Southern Methodist University and the University of Texas at Dallas are known for their research programs and diverse academic offerings. This access to higher education not only benefits students but also attracts businesses seeking employees, further enriching the city’s economic and cultural landscape.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Have you ever wondered, “Should I move to Charlotte, NC?” Located in the heart of the Carolinas, Charlotte offers a blend of urban sophistication and Southern charm. As the largest city in North Carolina, Charlotte boasts a dynamic economy, thriving cultural scene, and diverse neighborhoods that cater to a variety of lifestyles. From its bustling Uptown district to its picturesque suburbs, Charlotte’s holds a unique combination of cosmopolitan amenities and natural beauty. However, like any city, Charlotte has its share of drawbacks that prospective residents should consider. In this article, we’ll explore the pros and cons of living in Charlotte, helping you determine whether a move to this spirited Southern city is right for you.
Charlotte at a Glance
Walk Score: 26 | Bike Score: 31 | Transit Score: 27
Median Sale Price: $400,000 | Average Rent for 1-Bedroom Apartment: $1,500
Charlotte neighborhoods | houses for rent in Charlotte | apartments for rent in Charlotte | homes for sale in Charlotte
Pro: Thriving job market
Charlotte stands out with its booming job market, especially in the banking and finance sector. Home to Bank of America and Wells Fargo’s East Coast operations, the city offers abundant opportunities for those living there. This economic growth attracts talent from various fields, contributing to a vibrant, diverse community. The presence of several Fortune 500 companies further solidifies Charlotte’s status as a career hotspot.
Con: Minimal biking infrastructure
One con of Charlotte is its low Bike Score of 31. Many parts of the city lack dedicated bike lanes and cyclist-friendly amenities. For instance, certain neighborhoods, such as Uptown and South End, may offer more bike-friendly features, including bike lanes and trails, but these amenities are often limited in scope and connectivity. Despite efforts to promote cycling through initiatives like the Charlotte B-cycle bike-sharing program, the city’s low bike score underscores the need for further investment in bike-friendly infrastructure.
Pro: Lush green spaces
Charlotte is known for its beautiful green spaces, offering residents a breath of fresh air amidst urban life. Freedom Park and the UNC Charlotte Botanical Gardens are just two examples where locals can enjoy nature, outdoor activities, and community events. These spaces not only enhance the city’s beauty but also promote a healthy lifestyle and public engagement.
Con: Sprawling development
The city’s sprawling development pattern has led to challenges in maintaining a cohesive community feel in some areas. This sprawl can make it difficult for residents to access services and amenities without significant travel, impacting the overall quality of life. Efforts to create more walkable, interconnected neighborhoods are underway, but the current layout presents obstacles to sustainable urban living.
Pro: Vibrant culinary scene
Charlotte’s culinary scene is a delight for food enthusiasts, showcasing a diverse range of dining options. From Southern barbecue at Midwood Smokehouse to innovative dishes at Kindred, the city caters to all tastes. The growth of local breweries and food festivals further enriches Charlotte’s food culture, making it a destination for culinary exploration.
Con: Hot and humid summers
Charlotte’s climate features hot and humid summers, which can be challenging for those unaccustomed to Southern weather. Temperatures often soar into the 90s, accompanied by high humidity levels, making outdoor activities and daily life uncomfortable during these months. This weather can also lead to increased energy bills as residents rely on air conditioning to stay cool.
Pro: Diverse neighborhoods
The city boasts a variety of neighborhoods, each with its own unique charm and character. From the historic streets of Myers Park to the artsy vibe of NoDa, Charlotte offers a range of living experiences. This diversity allows residents to find communities that best suit their lifestyle and preferences, contributing to the city’s lively atmosphere.
Con: Limited public transportation options
Charlotte has made strides in public transportation with the Lynx Blue Line light rail. However, with a Transit Score of 27, options remain limited compared to other major cities. The reliance on cars is high, and those without vehicles may find it challenging to navigate the city efficiently. This limitation affects accessibility and convenience for residents and visitors alike.
Pro: Local sports and recreation
Charlotte is a haven for sports enthusiasts, home to the NFL’s Panthers and the NBA’s Hornets, along with a vibrant NASCAR culture. The city also offers numerous recreational activities, from kayaking on the Catawba River to hiking in nearby Crowders Mountain State Park. These opportunities foster a strong sense of community and provide locals with various ways to stay active and engaged.
Con: Seasonal weather extremes
In addition to hot summers, Charlotte experiences seasonal weather extremes that can include icy winters and the occasional hurricane threat. These conditions can disrupt daily life and require residents to be prepared for a range of weather scenarios. The variability underscores the importance of resilience and adaptability for those living in or moving to the city.
Pro: Fantastic educational opportunities
Charlotte is home to several higher education institutions, including the University of North Carolina at Charlotte, providing locals with excellent educational opportunities. The presence of these institutions not only enriches the city, but also drives innovation and economic development. For people seeking educational advancement, Charlotte may offer the perfect supportive and dynamic setting.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
In the realm of real estate, the value of a property is often perceived through a myriad of lenses: location, size, amenities, and more. However, there’s one often overlooked aspect that plays a significant role in determining property value: the presence of trees and shrubs. Beyond mere aesthetics, these green assets can wield a considerable impact on the market worth of a property. Let’s explore how trees and shrubs can become invaluable assets for homeowners and investors alike.
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Enhanced Curb Appeal
First impressions matter, especially in real estate. Trees and shrubs can dramatically enhance the curb appeal of a property, making it more attractive to potential buyers or renters. A well-manicured landscape with mature trees and lush shrubbery creates an inviting atmosphere, signaling to visitors that this is a cared-for and desirable property. This initial appeal can significantly increase the perceived value of a home and set it apart in a competitive market.
Environmental Benefits
Beyond their visual appeal, trees and shrubs offer a host of environmental benefits that can positively impact property values. They act as natural air purifiers, absorbing harmful pollutants and releasing oxygen, thereby improving air quality. Additionally, trees provide shade, which can reduce the need for air conditioning during hot summer months, leading to lower energy costs for homeowners. Moreover, trees help mitigate soil erosion, filter water runoff, and provide habitat for wildlife, creating a healthier and more sustainable living environment.
Increased Privacy and Tranquility
In an increasingly urbanized world, privacy and tranquillity are prized commodities. Trees and shrubs serve as natural barriers, providing privacy from neighboring properties and buffering against noise pollution. A well-planned landscape can create secluded outdoor spaces where homeowners can relax and unwind, away from the hustle and bustle of the outside world. This sense of tranquillity and seclusion can significantly enhance the livability of a property and, consequently, its market value.
Climate Resilience and Energy Efficiency
With climate change becoming an ever-pressing concern, properties that are resilient to extreme weather events are gaining favor among buyers and investors. Trees and shrubs play a vital role in climate resilience by providing natural cooling and windbreaks. Strategically planted trees can help reduce the risk of property damage from storms and high winds, thus making a home more attractive to potential buyers. Moreover, by shading buildings in the summer and allowing sunlight through in the winter, trees can contribute to energy efficiency, leading to lower utility bills and increased savings for homeowners.
Long-Term Investment
Investing in trees and shrubs is not just about immediate aesthetic appeal; it’s also a savvy long-term investment. Unlike many home improvements that depreciate over time, mature trees and well-established shrubs increase in value as they grow. According to the Council of Tree and Landscape Appraisers, a mature tree can add thousands of dollars to the value of a property. As trees mature, they become increasingly rare and valuable assets, making properties with established landscapes more desirable and commanding higher resale prices.
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Memphis, TN, is a city buzzing with music, history, and some of the best barbecue you’ll ever taste. Living here means you’re never far from a live blues show or an interesting museum, making it a great place for those who love culture and entertainment. The question, “should I move to Memphis?” crosses many minds, especially when considering the city’s unique blend of urban life and southern charm. Memphis stands out for its strong sense of community and the famous Graceland, the home of Elvis Presley, which attracts visitors from all over the world. In this article, we’ll discuss the pros and cons of living in Memphis to help you decide if it’s the right place for you. Let’s dive in.
Memphis at a Glance
Walk Score: 35 | Bike Score: 41 | Transit Score: 22 Median Sale Price: $187,500 | Average Rent for 1-Bedroom Apartment: $1,065 Memphis neighborhoods | houses for rent in Memphis | apartments for rent in Memphis | homes for sale in Memphis
Pro: Music lover’s paradise
Memphis, is synonymous with the soulful strains of blues, rock ‘n’ roll, and soul music. The city is home to the legendary Sun Studio, where icons like Elvis Presley and Johnny Cash recorded their first tracks. Beale Street, with its vibrant nightlife and live music venues, offers an immersive experience into the city’s musical legacy. This cultural richness provides residents with a unique sense of pride and a plethora of entertainment options.
Con: Hot and humid summers
The climate in Memphis can be challenging, especially during the summer months. The city currently ranks #4 in the list of U.S. cities most at risk of extreme heat. The area experiences extremely hot and humid conditions, making outdoor activities and even daily commutes uncomfortable. This weather can also contribute to higher energy bills as residents crank up their air conditioning to find relief.
Pro: Affordable cost of living
The cost of living in Memphis is 10% lower than the national average. Housing is notably affordable, with average prices about $200,000 below the national average. This affordability extends to grocery and utility costs, making it easier for residents to enjoy a comfortable lifestyle without breaking the bank. This economic advantage attracts individuals looking to live in an urban area at a reasonable cost.
Con: Underdeveloped public transportation system
Memphis’ public transportation system can be a point of frustration for its residents. With a Transit Score of 22, the coverage is limited, and the efficiency of service often leaves much to be desired. This situation forces many to rely on personal vehicles, contributing to traffic congestion and parking challenges in the city. For those without cars, navigating the city can be difficult, impacting their ability to access employment and recreational activities easily.
Pro: Vibrant culinary scene
The culinary scene in Memphis is a delightful exploration of flavors, with barbecue taking center stage. The city is famed for its unique style of barbecue, characterized by its slow-cooked ribs and pulled pork. The city’s barbecue culture is celebrated at events like the World Championship Barbecue Cooking Contest, where pitmasters showcase their skills. Beyond barbecue, Memphis boasts a diverse array of dining options, from soul food to international cuisines, catering to all palates. Throughout the year, food festivals like the Memphis Food & Wine Festival and the World Championship Hot Wing Contest highlight the city’s diverse culinary landscape.
Con: High Allergen levels
For those with allergies, Memphis can pose significant challenges. The city is known for its high levels of pollen and other allergens, particularly during the spring and fall. This can lead to discomfort and health issues for sensitive individuals, affecting their quality of life. Residents often have to take extra precautions, such as installing air purifiers in their homes and monitoring air quality reports.
One of the standout advantages of living in this city is the strong sense of community. This advantage is showcased in events such as the Cooper-Young Festival, where locals gather to celebrate art, music, and food, fostering connections and camaraderie. Similarly, the monthly Trolley Night in the South Main Arts District brings people together for an evening of shopping, dining, and live entertainment. Moreover, Memphis is home to numerous grassroots initiatives and neighborhood associations dedicated to improving the lives of its residents.
Con: Limited job market in certain sectors
Memphis boasts a thriving logistics and transportation industry, thanks to its strategic location along the Mississippi River. However, the job market in other sectors can be limited. This can pose a challenge for people in fields such as technology, science, and the arts, who may find fewer opportunities within the city. As a result, some residents may need to look for employment in nearby cities or consider a broader range of job options.
Pro: Access to outdoor activities
Memphis offers a variety of outdoor activities that cater to nature lovers and fitness enthusiasts alike. The city is home to numerous parks, such as Shelby Farms Park, one of the largest urban parks in America, offering hiking trails, biking paths, and water activities. The Mississippi River itself provides a scenic backdrop for jogging, picnicking, and sunset watching, encouraging a healthy and active lifestyle among residents.
Con: Infrastructure needs
Like many cities, Memphis faces challenges with aging infrastructure. Roads, bridges, and public buildings often require maintenance and upgrades to meet the needs of the growing population. These infrastructure needs can lead to traffic delays, impact public services, and necessitate increased public spending. Addressing these issues is crucial for improving the quality of life and ensuring the city’s future prosperity.
Pro: Diverse cultural events
Memphis is a melting pot of cultural events that celebrate the city’s diverse heritage and artistic talent. From the Beale Street Music Festival to the Memphis in May International Festival, the city’s calendar is packed with events that cater to a wide range of interests. These events not only provide entertainment but also foster a sense of pride among residents, showcasing the city’s vibrant cultural scene.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Living in Louisville, KY means experiencing the excitement of the Kentucky Derby, indulging in delicious southern cuisine, and enjoying the beautiful waterfront parks along the Ohio River. With its friendly residents and affordable cost of living, Louisville offers a welcoming and unique atmosphere for anyone looking to make a new home in the Bluegrass State. If you’re wondering, “Should I move to Louisville, KY?” you’re in the right place. This article will guide you through 11 pros and cons of living in Louisville that can help you decide whether or not it’s the right place for you. Let’s get started.
Louisville at a Glance
Walk Score: 34 | Bike Score: 43 | Transit Score: 27
Median Sale Price: $230,000 | Average Rent for 1-Bedroom Apartment: $1,103
Louisville neighborhoods | houses for rent in Louisville | apartments for rent in Louisville | homes for sale in Louisville
Pro: Dynamic arts and culture scene
Louisville is home to a thriving arts and culture scene, with numerous art galleries, theaters, and music venues. The city hosts the annual Kentucky Derby Festival, which brings in artists and performers from all over the world. Residents can enjoy a wide variety of cultural events and experiences, from the annual Forecastle music festival and theater performances to art exhibits and film festivals.
Con: Humid summers
One of the downsides of living in Louisville is the sweltering summers. The city experiences high humidity levels during the summer months, which can make the heat feel more intense. Because of this, the city ranks in the top 10 for U.S. cities most at risk of extreme heat. Residents may find it uncomfortable to be outdoors for extended periods of time, and the humidity can also lead to increased air conditioning costs.
Pro: Affordable cost of living
The cost of living in Louisville is 3% lower than the national average. Additionally, the median sale price for homes in the area is about $200,000 less than the national average. This allows many residents to enjoy a good standard of living without breaking the bank. The low cost of living makes Louisville an attractive option for individuals looking to stretch their budget.
Con: Limited public transportation options
With a low Transit Score of 27, another drawback of this city is the limited public transportation options. While the city does have a bus system, it’s not as extensive or convenient as in other major cities. This can make it challenging for residents who rely on public transportation to get around the area.
Pro: Plenty of green spaces
Louisville is surrounded by beautiful natural landscapes, providing residents with ample opportunities for outdoor recreation. The city is located next to the Ohio River and is home to several parks and nature preserves, including Cherokee Park, Waterfront Park, and Boone Square. Outdoor enthusiasts can easily escape the urban environment and enjoy the beauty of the surrounding area.
Con: Limited diversity in dining options
While Louisville has a growing food scene, some residents may find the diversity in dining options to be limited compared to larger cities. The culinary scene may not offer as wide a range of international cuisines, and residents may find themselves craving more variety in their dining experiences.
Another pro for Louisville is the strong sense of community that residents experience. The city is known for its friendly and welcoming atmosphere, with tight-knit neighborhoods and a strong spirit of volunteerism. One notable event is the “Give A Day” week of service, organized by Louisville Mayor Greg Fischer, which encourages residents to engage in acts of kindness and volunteerism throughout the city. During this week, numerous service projects are organized, ranging from park clean-ups and food drives to educational workshops and community outreach initiatives.
Con: Extreme weather events
Louisville is prone to extreme weather events, including thunderstorms, tornadoes, and occasional flooding. Residents may need to be prepared for severe weather conditions and take precautions to ensure their safety. The unpredictability of the weather can be a concern for some individuals, especially those who are not accustomed to such conditions.
Pro: Highly-ranked healthcare facilities
Louisville is home to several top-notch healthcare facilities, including Baptist Health and Norton Healthcare hospitals. Residents have access to quality healthcare services and specialists, ensuring that their medical needs are well taken care of. This can provide additional peace of mind for individuals living in the city.
Con: Intense allergy season
Allergy season is something to consider when asking yourself, “should I move to Louisville?” The allergy season can be particularly challenging for those sensitive to pollen and other allergens. The city’s lush greenery and blooming flowers can exacerbate allergy symptoms for some residents, especially during the spring and early summer months.
Pro: Historic architecture
Louisville harbors a rich history and stunning architecture, with many historic buildings and landmarks scattered throughout the city. Residents can explore the Old Louisville historic district, visit famous museums like the Louisville Slugger Field Museum, or take guided historic tours to learn about the city’s past. While strolling through the area, you’ll notice the architecture reflects a blend of styles, from Victorian homes to modern skyscrapers, adding to the city’s charm.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Located in the heart of the Sonoran Desert, Phoenix offers a unique living experience characterized by its dynamic culture, diverse population, and striking natural landscapes. Known as the Valley of the Sun, Phoenix boasts over 300 days of sunshine annually, inviting residents to explore its vast outdoor recreational opportunities. From hiking picturesque desert trails to teeing off at world-class golf courses, there’s always something new to try. If you’ve been asking yourself, “Should I move to Phoenix, AZ?” you’re in the right place. In this article, we’ll discuss the pros and cons of living in Phoenix to help you decide if it’s the right place for you. Let’s dive in.
Phoenix at a Glance
Walk Score: 41 | Bike Score: 56 | Transit Score: 36
Median Sale Price: $455,000 | Average Rent for 1-Bedroom Apartment: $1,237
Phoenix neighborhoods | houses for rent in Phoenix | apartments for rent in Phoenix | homes for sale in Phoenix
Pro: Sunny weather
Phoenix basks in its reputation as one of the sunniest cities in the United States. This abundant sunlight is a major draw for residents seeking a warm and inviting climate year-round. The city’s sunny weather creates an ideal environment for outdoor activities such as hiking, biking, and picnicking. Moreover, the sunny days contribute to a generally cheerful and positive atmosphere, fostering a sense of well-being among residents. Additionally, the weather allows residents to have outdoor gatherings, festivals, and community events throughout the year. Overall, the sunny weather in Phoenix is not just a climatic feature but a defining aspect of the city’s lifestyle.
Con: Water scarcity
Phoenix’s location in the Sonoran Desert brings with it the challenge of water scarcity. The city relies heavily on a finite water supply from the Colorado River, which is under increasing stress due to prolonged droughts and overuse. This situation has led to heightened awareness and restrictions on water use, impacting everything from residential landscaping to public swimming pools. This issue continues to be a growing concern for the city’s sustainability efforts.
Pro: Proximity to natural attractions
Phoenix’s location offers unparalleled access to natural attractions and outdoor adventures. Just a short drive from the city, residents can explore the Grand Canyon, hike in the Superstition Mountains, or visit the red rocks of Sedona. This proximity to nature allows for spontaneous day trips or weekend getaways, making it an ideal home base for those who love to explore the great outdoors.
Con: Extreme summer heat
While the sunny weather is a significant draw, the flip side is the extreme heat Phoenix experiences. In fact, Phoenix currently ranks 5th for U.S. cities most at risk of extreme heat. Temperatures regularly soar above 100 degrees Fahrenheit, which can be uncomfortable and even dangerous. This intense heat limits outdoor activities to early mornings or late evenings for much of the summer, and significantly increases the cost of air conditioning and energy bills.
Pro: Lively cultural scene
The cultural scene in Phoenix is vibrant and diverse, offering a wide range of activities and events that cater to various interests. The city is home to numerous museums, such as the Phoenix Art Museum and the Heard Museum, which showcase both contemporary art and Native American cultures. Additionally, the downtown area hosts a variety of festivals, live music, and culinary events throughout the year, reflecting the city’s rich cultural diversity.
Con: Limited public transportation
With a Transit Score of 36, one of the challenges of living in Phoenix is the limited public transportation options. While the city has made efforts to expand its light rail system, the coverage is still not comprehensive. This makes it difficult for those without a car to navigate the city efficiently. This reliance on personal vehicles contributes to traffic congestion and can be a barrier for residents seeking accessible and affordable transportation alternatives.
Phoenix is known for its welcoming and inclusive community, with a diverse population that embraces newcomers. The city’s warm and friendly atmosphere makes it easy for a lot of residents to connect and engage with their neighbors, fostering a sense of belonging. Community events, local farmers’ markets, and neighborhood associations contribute to the vibrant social fabric of Phoenix, making it a great place to call home.
Con: Poor air quality
Due to its location in a valley and the high number of vehicles on the road, Phoenix often struggles with air quality issues. Dust storms, known locally as “haboobs,” along with ozone pollution, can lead to poor air quality days, particularly in the summer. This can be a concern for individuals with respiratory issues and contributes to environmental health challenges in the city.
Pro: Growing job market
Phoenix has experienced significant economic growth in recent years. The area’s job market continues to expand in sectors such as technology, healthcare, and finance. This growth has attracted professionals from across the country, contributing to the city’s diverse workforce. With an emerging startup scene and several Fortune 500 companies like Avnet, the city provides ample employment opportunities.
Con: Summer monsoons
While the monsoon season can bring much-needed relief from the summer heat, it also comes with its own set of challenges. The monsoons can produce sudden, intense storms that lead to flooding, power outages, and property damage. These storms, occurring from June through September, require residents to be prepared for rapid weather changes and their potential impacts.
Pro: Sports fan’s paradise
Phoenix is a haven for sports enthusiasts. The city hosts professional teams in all major sports, including the NFL’s Arizona Cardinals and the NBA’s Phoenix Suns. The city also offers a plethora of recreational activities, from golf courses and public parks to hiking trails in the surrounding desert landscapes. This blend of professional sports and outdoor recreation provides residents with endless options for entertainment and physical activity.
Con: Sprawling urban layout
The sprawling urban layout of Phoenix can be a drawback for those who prefer a more walkable city environment. The city’s extensive urban sprawl requires residents to rely heavily on cars for transportation, contributing to traffic congestion and making it challenging to foster a sense of community in some neighborhoods. This layout also impacts the accessibility of amenities and services for those living in the outer suburbs.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Do you want to learn how to move out at 18 with no credit, little money, or even no money? Here’s what you need to know. There are many reasons for why you may want to move out at a young age – perhaps you have a difficult home life, you want to move somewhere…
Do you want to learn how to move out at 18 with no credit, little money, or even no money? Here’s what you need to know.
There are many reasons for why you may want to move out at a young age – perhaps you have a difficult home life, you want to move somewhere new, or you just want your own space.
I moved out shortly after turning 18 (about a week or so after my 18th birthday) into a rental home, and while I was not prepared at all, I do think being prepared to move out at a young age is extremely helpful. I made many mistakes that led to many, many tears, money wasted, stress, and more.
Today, I want to help you avoid as many problems as you can.
After all, moving out at 18 years old (or any other young age) is already really hard, and there is such a huge learning curve.
Moving out when you turn 18 is a big step into becoming an adult. Even though it can be exciting, moving out for the first time needs to be planned carefully. Before you leave, it’s important to make a plan to make sure you can afford it and stay on your own.
This means finding a job, making a budget you can stick to, and saving money for unexpected costs.
How To Move Out at 18
Below are ways to move out at 18.
Recommended reading: Buying a House at 20 (How I did it)
Make a plan to move out at 18
I highly recommend having a plan if you want to move out at 18 years old.
Moving out at 18 is a big step, and making a plan will help everything go a little more smoothly.
You will want to think about things such as:
Where you will work
How you will pay your bills
If you will live with a roommate or on your own
What your budget will be like
What you’ll do if things get tough, such as if you can’t afford your rent
What you will do for health insurance and medical bills
And so much more.
I will be going further in-depth on many of these below.
Find ways to make money
If you are 18 and want to move out, then you will need to have a stable source of income, of course. There are many options for earning money, from traditional jobs to more flexible side hustles.
A full-time job typically gives you more hours and benefits like health insurance, which are helpful when you’re living on your own. If you have other things going on, a part-time job might be better because it offers more flexibility while still giving you money (but, you may not earn as much money). You can find job openings online, at job fairs, or on community bulletin boards. Jobs like delivering food can be either full-time or part-time, and companies tend to need people.
If you want to make more money, you can side hustle to make extra income – a way to make extra cash that you do alongside your main job. You could freelance by doing things like writing, teaching tutoring lessons, or designing graphics. Or, you could babysit for families nearby, walk dogs, or help people with tasks or errands. These little jobs can add up to a lot of money and give you the flexibility to work when you want.
When I was young and first moved out, I worked full-time at a retail store. I also eventually started a few side hustles (like blogging, freelance writing, and selling stuff online) so that I could pay off my student loans quickly. Living on your own is not easy, especially when you are young and your income is not that high – so side hustles may be needed so that you can make enough money to pay your bills.
Some helpful articles to read include:
Create a budget
When you’re ready to step out into the world at 18, you need a budget. I can’t think of any young adult who would not need a budget.
Budgets are great because they help you keep track of your money coming in and going out. With a monthly budget, you’ll know exactly how much you can spend on different things each month as it helps you see how much money you have and where you might need to cut back on spending.
A budget will help you to figure out if you can afford to live on your own, if you need to have roommates, or if you need to find a cheaper living arrangement.
Making a budget is easy. First, write down how much money you make each month from your job or other places. Then, write down what you need to spend money on each month, like:
monthly rent
food
phone bill
internet
car
fuel
utilities like electrical, water, trash, sewer, gas/propane
car insurance
medical/health
pet care
restaurants
cable, satellite, or any TV monthly subscriptions
household essential items, like toilet paper, trash bags, etc.
and some money for fun stuff too
Knowing your monthly expenses will help you to better manage your money so that you won’t go into credit card debt.
Recommended reading: The Complete Budgeting Guide: How To Create A Budget That Works
Save for the move (and open a bank account)
When you’re getting ready to move out at 18, saving money is obviously very important. If you can help it, I do not recommend moving out with no money saved.
Think about all the costs you’ll face – like rent, your first security deposit, food, and any unexpected things that pop up. You’ll want to tuck away money for this.
How much should you save to move out? A good rule is to save at least three to six months of living expenses. For example, if you spend $1,500 a month, aim to save between $4,500 and $9,000 before you head out on your own.
This will be your emergency fund. An emergency fund is money you save up for unexpected things that might happen. This could be paying bills if you lose your job or if your hours or pay get reduced. It could also cover unexpected expenses like a car repair, medical bill, or fixing a broken window.
An emergency isn’t something like buying a birthday present, a new TV, or going on vacation.
Having an emergency fund is smart because it can stop you from getting into debt you don’t need. Some people rely on their credit cards for emergencies, but that’s not a good plan.
I also recommend getting your own bank account for all of the money you save. It’s a safe place for your money, and it helps you track what you earn and spend. Plus, you’ll need it for things like direct deposit from jobs or paying bills online.
I personally use Marcus by Goldman Sachs for my savings account as they have a very high rate. You can get up to 5.50% at the time of this writing through a referral link bonus. According to this high-yield savings account calculator, if you have $10,000 saved, you could earn $550 with a high-yield savings account in a year. Whereas with normal banks, your earnings would only be $46.
Improve your credit score and history
When you’re moving out of your parents’ home, having a good credit score is super helpful. This is because your credit score and credit history may be used for things like getting approved for an apartment and getting signed up for utility bills.
If your credit score is low, then you may be denied an apartment and even have to pay large deposits to get signed up for utilities (like water and electric).
Here are some important things to know:
Understand credit utilization – This is all about how much credit you’re using compared to how much you have. Try to use less than 30% of your credit limit. Say your card has a $1,000 limit. Aim to spend no more than $300.
Always pay on time – You should pay every bill on time, every time. Even being a little late can hurt your credit score a LOT!
There are other ways to improve your credit, such as by getting a secured credit card or becoming an authorized user on a family member’s credit card.
Here are two really helpful articles I recommend reading:
I also recommend keeping an eye on your credit by checking your score and report. Sites offer free checks, and it’s good to know where you stand. That way, you can fix any mistakes fast.
Think about where you’ll live
When planning to move out at 18, picking where you’ll live is a huge step.
Here are some things to think about:
Think about who you’ll live with. Living by yourself can be expensive so sharing rent and other bills with roommates can save you money, but make sure you choose your roommates wisely. You’ll be sharing your space with them, so it’s important to pick people who are responsible and trustworthy (and will actually pay the bills!).
Try using online tools to compare different areas. You can check things like crime rates, public transportation options, and how close they are to places you need, like grocery stores.
Think about the cost. Can you pay the rent and utility bills every month? Make sure to include these costs in your budget. Sometimes, living a bit farther from popular areas can be cheaper.
For my first home, I rented a very small 400-square-foot home with no real bedroom. But, it was within my budget and next to my college (I lived a few miles away), and surprisingly affordable.
Talk to your parents
When you’re getting ready to move out at 18, it’s important to have a conversation with your parents. This might feel hard or even impossible, but remember that clear communication is important.
I recommend choosing a time to tell them when your parents aren’t too busy or stressed as having this conversation when everyone is relaxed can make it easier for everyone to talk openly.
I think it is also helpful to think about how your parents might feel. If you’re the first to leave the home, they might find it tough. Try to understand their perspective and mention that you’ll stay in touch and visit.
And, be ready to show them your plan. Your parents will want to know you’ve thought things through. If you’ve been saving money, let them know. Talk about your job and how you’re managing to support yourself. It’s good to tell them about the place you’re planning to move into and how you chose it.
How to move out of your parents if it isn’t safe
So, after reading the above, I know that some of you may not have a good home life. You may not feel safe telling your parents that you are moving out.
If that’s the case, then I recommend reading this section.
Sometimes, home isn’t the safe place that it’s supposed to be. If you’re in a tough situation and need to leave at 18 but can’t talk to your parents about it, you’re not alone.
Here’s what you can do:
Find an adult you trust – Look for someone you trust, like a teacher, counselor, or family friend. They can maybe give you support and help you figure out your options.
Plan ahead – Start thinking about where you’ll go and how you’ll support yourself. Look into shelters, transitional housing programs, or staying with a trusted friend or relative.
Know your rights – As you turn 18, you have rights. Learn about your options for housing, education, and employment because there may be resources available to help you.
Stay safe – If you’re in danger at home, prioritize your safety. Contact local authorities or organizations that can help you leave safely.
Take care of yourself – Moving out can be tough, but remember to take care of yourself emotionally and physically, such as by talking to friends, finding support groups, or talking to a counselor if you need to.
Leaving home at 18 without being able to talk to your parents is hard, but it’s not impossible. Reach out for help, make a plan, and remember that you deserve to live in a safe and supportive environment.
Get free stuff for your new home
One of the big challenges of moving out on your own is affording all of the different things that you need.
Luckily, there are ways to get things for free or really cheap.
Some of the top ways include:
Facebook Buy Nothing groups – This is my favorite place to start if you want to get things for free. These groups promote recycling and reusing items instead of throwing them away when you’re done with them. To begin, look for and join a local Buy Nothing group on Facebook. You can search for groups for your city. People list their free stuff all the time, such as furniture, electronics, clothes, and more. You can even make a post asking if anyone has something that you need.
Ask family and friends – Your family and friends might have extra stuff they’re willing to part with. They might even be happy to see it go to a good home – your new home!
Check online platforms – Websites like Craigslist, Freecycle, and Facebook Marketplace can be goldmines for free furniture. People often list items they want to get rid of quickly.
Visit thrift stores and yard sales – Thrift stores and yard sales sometimes offer “free bins” or low-cost items they want to get rid of fast.
Attend college move-out days – If you live near a university, go there on move-out day. Students tend to leave behind perfectly good furniture that’s yours for the taking.
Community centers and churches – These places often have bulletin boards with listings for free items.
Always be safe when arranging pickups, especially with strangers. Always bring a friend or let someone know where you’re going.
Helpful articles:
Handling utilities and bills
Dealing with utilities and bills is a big step in moving out. Utilities are services you need like water, electricity, gas, and the internet.
Before you move, call or visit the websites of local utility companies. You’ll need to set up accounts in your name. This might include a deposit fee, so be ready for that.
I recommend making a list of all your expected bills. Rent, electricity, water, internet, and maybe gas are usually the basics. Add them up to see how much you’ll spend each month.
After you move in, you will want to find out when each bill is due. It’s your job to pay them on time as paying late can lead to extra fees or even getting your services turned off. Some companies let you set up automatic payments, and this means the money comes out of your bank account on its own each month. This can make sure you’re always on time.
You will want to hold onto your bills and receipts. This way, if there’s ever a mistake with a bill, your records will help fix it.
You can save money by being smart about using your services. Turn off lights when you leave a room and unplug electronics that you’re not using. You might also shop around for better deals on services like the internet.
After you get your first set of bills, you will understand why your parents wanted to keep the air conditioning off or why they always asked you to turn the lights off – things can be expensive!
Also, remember that different times of the year will impact your bills. For example, your electric bill will most likely be a lot more expensive in the summer than it will be in the spring or fall.
Maintain your home (housekeeping)
Moving out at 18 means taking on the responsibility of housekeeping. You might be surprised how quickly your new home can become cluttered and get dirty.
Keeping your home nice starts with regular cleaning, and I recommend setting aside some time each day for tasks like washing dishes, making your bed, and tidying up the living area. This way, messes won’t pile up and become overwhelming.
Then, once a week, dedicate your time to deeper cleaning such as vacuuming, mopping floors, cleaning the bathroom, dusting, and doing laundry.
Housekeeping also requires tools and supplies, so you will want to plan your budget to include items like sponges, cleaners, and trash bags.
Make friends in your new community
Moving out at 18 is a big step, and making friends in your new community is important. It can make your new place feel like home. When you move, you might not know many people, but there are fun and simple ways to meet people.
Here are some tips:
Get to know your neighbors – Start with a smile and say hi to your neighbors.
Join local groups or classes – Look for groups that interest you. Love to paint? Find an art class. Enjoy cooking? Maybe there’s a cooking group nearby. Like rock climbing? Go to the local climbing gym. This way, you meet people who like what you like.
Visit community centers – Many towns have a community center. They have activities like sports, games, and events.
Making friends might take time, but it’s totally possible! Just be yourself and be open to talking to new people.
Balancing work and personal life
I’m guessing you will have a lot going on, between trying to work full-time and enjoying your life, and even possibly furthering your education.
I recommend trying to schedule your time so you don’t get too busy. Use a calendar or app to make sure you’ve got time for work, taking care of your place, and doing fun things too.
It’s okay to say no if you’re too busy. If you’re working a full-time job, you might not be able to hang out with your friends all the time. It’s all about finding a healthy balance between earning money and enjoying life. I had to say no to my friends many times because I was simply too busy. If your friends still live at home, it may be hard for them to understand this unless you explain your situation.
Plus, remember to take breaks. When you’re planning your week, set aside some time just for relaxing. Watching a movie, reading, or hanging out in the park are all great ways to unwind and give your mind a break.
Frequently Asked Questions
Below are common questions about how to move out at 18 years old with little money.
How can I move out fast at 18?
To move out quickly, focus on making a steady income and finding affordable housing. Create a budget to manage your expenses and look for immediate job openings or housing options. Saving as much money as you can right now is also super helpful.
How much money should I have saved by 18 to move out?
Aim to save at least 3 to 6 months of living expenses before moving out. This safety net can cover rent, groceries, and unexpected costs, giving you financial stability as you start on your own.
Can you move out at 18 while still in high school?
Yes, you can move out at 18 while in high school, but make sure you have a support system in place. Balancing school responsibilities with living independently can be very hard.
How to move out at 18 with strict parents?
When moving out at 18 with strict parents, communicate your plans clearly and respectfully. Prepare a well-thought-out plan to show them you’re serious and capable of managing your own life.
Can your parents not let you move out at 18?
When you turn 18, you’re legally an adult in most places, and you can decide to move out even if your parents don’t agree. However, it’s important to respect their opinion and explain your reasons. There are some places where you have to be older, so make sure you do your research.
Do I have to tell my parents I’m moving out?
While you’re not legally required to inform your parents in most places, it’s nice to talk about your decision with them, as transparent communication helps maintain a positive relationship after you leave.
Can I move out at 18 without parental consent?
Yes, in most places, at 18 you’re legally permitted to move out without parental consent. You will want to make sure this applies to your local area.
What things do you need when moving out of your parents’ house?
There are many things that you will need to move out of your parents’ house such as a bed, blanket, pillow, kitchen supplies, towels, a place to eat, a dresser, cleaning supplies, groceries, and more.
Is it realistic to move out at 18?
It is realistic to move out at 18 if you have a reliable income, a budget, and a plan for handling responsibilities. You will want to be as prepared as possible to move out at a young age because there will be many hurdles thrown your way, most likely.
How To Move Out At 18 – Summary
I hope you enjoyed this article on how to move out at 18 years old.
It’s really important to have a plan for a successful move when you are just 18 years old.
You’ll need to find ways to earn money regularly, like getting a job and even doing extra work on the side.
Having savings in the bank and an emergency fund will help you handle unexpected expenses without ruining your plans.
There are also many other things to think about, such as the cost of living, utility bills, your credit score, and more.
I moved out when I was just 18 years old, so I completely understand where you are coming from. I had no financial help from my parents and found and did everything on my own – from making money to finding a place to live, making all of my own meals, and more. It was hard, but it was what needed to be done.
Do you plan on moving out soon? Do you have any questions for me on how to move out at 18?
In some popular budgets, 30% of your take-home pay goes toward the wants in life. So if you are wondering how to enjoy life when you have student loans, some of those funds can go to dining out, travel, and more. While student loans can eat up a portion of your disposable income, with smart budgeting, you can have some fun money available as you make your payments.
Read on for advice on how much money to earmark for fun when you’re focused on paying off what you borrowed for your education. Student debt, after all, is a phase of your life that you are moving through, and you can indeed find ways to live life while paying off student loans..
The Impact of Student Loan Debt
Yes, student loans can require time and effort to pay off. Many Americans are working their way through their payments. In fact, in one recent survey, the College Board found that 54% of undergraduate students at four-year institutions graduated with student loan debt. In other words, you are not alone.
Having that debt hanging over you can have an emotional impact in addition to affecting your finances. Student loan debt can result in higher levels of mental health issues; it can possibly contribute to money stress or feelings of depression.
That in turn can put strain on other aspects of life. It might, for instance, lead a borrower to delay life decisions, such as getting married or starting a family.
But having student loans on your plate can have a silver lining. That debt can encourage you to build positive financial habits as you work through your payments. You can learn how to budget efficiently. You can learn resilience and how to work through paying off debt. Consider it good practice for when you might have a car loan or a mortgage in the future. 💡 Quick Tip: Get flexible terms and competitive rates when you refinance your student loan with SoFi.
How Much Money to Allocate for Fun
As you look at your budget when paying off student loans, you might wonder, “What’s the right amount of money to allocate for fun?”
There’s no “right” or “correct” amount. Funds that you allocate toward fun (whether that means buying new clothes you don’t need, snapping up some concert tickets, or spending a long weekend at the beach) will need to work within your budget. Given that you are allocating a percentage of income toward student loans, here’s how to figure that out.
10% Rule
The 10% Rule refers to allocating 10% of your monthly income after taxes toward fun. For example, if you make $3,000 per month after taxes, you’d allocate $300 toward fun each month. You can use that amount guilt-free, whether you want to put it toward hobbies or dining out.
50/30/20 Rule
The 50/30/20 rule could also help you budget when you’re paying off student loans. Here’s how it works; you would allocate your take-home pay as follows:
• 50% essential expenses: Essential expenses refer to the cost of housing, food (groceries, not going out to brunch with friends), healthcare, and the like, as well as minimum debt payments, such as what you owe per month for your student loans, credit card, and car loan, if you have one.
• 30% discretionary expenses: Discretionary expenses include items that aren’t as essential, including dining out (like the above-mentioned brunch), personal care (spa days, training sessions), non-essential clothes, travel expenses, etc.
• 20% for savings and additional debt payments: You can think of these as putting money toward your short- and long-term goals. They can include savings, investments, or a child’s education. Or making additional payments toward you student debt to pay it off that much faster.
70/20/10 Rule
Another type of rule, the 70/20/10 rule, may seem just like the 50/30/20 rule, which it is — just with different allocation percentages. This rule means you divide your take-home pay as follows:
• 70% goes toward needs and wants.
• 20% goes toward debt repayment and short-term savings.
• 10% goes toward investing and donations.
You would figure out how much of that 70% you can allocate for fun to make this budget work for you.
Budgeting as a Couple
If you have a partner, you will have to decide how to budget your funds. Some couples keep their money separate, while others pool their resources. You may be in a situation where one person earns more than the other, or perhaps one is still in school. One or both of you may have student debt in a marriage. It can take some discussion and experimentation with different budget systems to decide how to divide your money up to cover:
• Essential expenses
• Discretionary expenses
• Goals
• Debt payoff
• Savings (whether for the down payment on a house, an emergency fund, or other goal).
💡 Quick Tip: It might be beneficial to look for a refinancing lender that offers extras. SoFi members, for instance, can qualify for rate discounts and have access to career services, financial advisors, networking events, and more — at no extra cost.
Choose Your Fun
Fun money should be intentional and focused. There’s no rule on how to live life while paying off student loans, so consider what would bring you joy. Would it be knowing you can go out to dinner once or twice a month? Being able to buy a new mountain bike? Becoming a member at your favorite local museum?
A quick reminder: Not that there’s anything wrong with saving for a crazy weekend in Vegas, but you don’t need to spend thousands to have fun. Don’t forget to also find low-cost fun with family and friends through free local concerts, movie nights at home, strolls through the local farmers’ market or sunset walks at a local park, potluck dinners, and similar activities. Making your own fun can be a free or cheap way to stretch your budget while paying off your student loans.
Monthly Budget Example
Here’s a quick example of a simple monthly budget. Say your take-home pay is $6,000 a month , and these are some basic expenses:
• Mortgage: $2,000
• Property taxes: $500
• Credit card debt: $500
• Food: $300
• Car loan: $300
• Student loans: $250
• Transportation (gas, etc.): $100
• Utilities: $260
• Healthcare: $300
• Retirement savings: $200
• Emergency fund savings: $200
• College savings for your child: $200
• After-school childcare: $500
Total expenses: $5,610
If you have allocated the amounts needed in the 50/30/20 budget rule, for example, then you would subtract $5,510 from $6,000, and you have $490 left. In that case, you may consider using the difference between your expenses and your income as your fun money, as long as you’ve covered all your bases with your expenses.
Set Goals for Life Beyond Debt
Imagine your future without student loans. Setting financial goals — such as paying off student loans or other debt or accruing enough cash for the down payment on a house — can help you build long-term financial stability and help you work toward financial freedom. The best way to do that is to plan to achieve these goals and stay committed to them.
Take a look at this example: Let’s say that instead of buying a new pair of shoes every month, you put $100 in an investment account every month. In five years, that amount could grow to $8,000, and over 30 years, it could grow to over $280,000.
Without dipping into a no-fun lifestyle or dealing with more money stress, consider finding a way to economize today to make tomorrow brighter. For example, maybe you could forgo or cut your fun money for a few months out of the year to build your savings. Or put the money saved toward crushing your student debt that much sooner.
Recommended: Ways to Stay Motivated When Paying Down Debt
How to Manage Student Loans
What’s the best way to manage student loans without forgetting to allocate money toward fun? Take a look at a few steps you can take.
Make It Automatic
First, consider setting up an automatic payment plan through your loan servicer. An automatic payment plan will automatically pull money from your account each month, ensuring you do not miss any payments.
Missing payments can result in a delinquent account, which happens the first day after you miss a student loan payment. If you remain delinquent on your student loan payments after 90 days, your loan servicer will report you to the three major national credit bureaus. This could lower your credit score, which might make it more difficult to obtain credit, get a job, or secure housing.
If that carries on, you could default on your student loan. Consequences could include the entire unpaid balance of your loan coming due, loss of eligibility for federal student aid, further damage to your credit score, wage garnishment, and possibly legal action against you.
This is an extreme situation, but making it automatic will prevent these issues from occurring.
Income-Driven Repayment
If you’re a federal student loan borrower, you may qualify for an income-driven repayment plan, which means monthly student loan payments get capped at a certain level of your income and family size.
Several types of income-driven repayment plans include the Saving on a Valuable Education (SAVE) Plan, Pay As You Earn (PAYE) Repayment plan, Income-Based Repayment (IBR) plan, and the Income-Contingent Repayment (ICR) plan:
• SAVE Plan: Caps your payments at 10% of your discretionary income and, as of summer 2024, possibly 5%.
• PAYE Plan: Caps your payments at 10% of your discretionary income, and you’ll never pay more than the 10-year Standard Repayment Plan amount.
• IBR plan: Caps your payment at 10% of your discretionary income if you’re a new borrower on or after July 1, 2024. If you’re not a new borrower on or after July 1, 2014, your payment generally caps at 15% of your discretionary income.
• ICR plan: Offers the lesser of 20% of your discretionary income or what you would pay on a repayment plan with a fixed payment over 12 years based on your income.
You must apply to qualify for one of these plans (contact your loan servicer) and update your income and qualifications every year to continue with one of these plans.
Prioritize an Emergency Fund and Retirement
Many graduates ask this question: Should I fund my retirement and emergency savings or pay off my student loans?
In most situations, there’s no reason why you can’t do both. Furthermore, it’s important to realize the importance of funding an emergency fund and retirement savings.
• Your emergency fund is a financial safety net that will allow you to pay for a critical home repair (think air conditioning in the summer!) or help cover the negative financial consequences of becoming unemployed. Ideally, you want to save three to six months’ worth of basic living expenses in an account where you can quickly get the money out if necessary.
• Saving for retirement when you have student loans can be an important step for your financial security as you reach older age. If you retire at 65 and live till 95, you must ensure you’ve saved enough to last those 30 years. Consider contributing at least enough to your retirement plan to get your employer match — many employers match between 3% and 5% of employee pay.
Putting money in all these “buckets” means prioritizing and organizing your debts, putting together a budget, tracking your spending, and setting savings goals.
Celebrate Your Progress
Don’t forget to take time to celebrate your progress! In addition to spending your “fun money,” you should also allocate time toward celebrating your student loan payoff goals.
For example, if you choose to pay off a high-interest rate loan and succeed in paying it off, consider rewarding yourself with a night out or another type of splurge — maybe a larger splurge than you would ordinarily allocate for fun money.
Recommended: How to Handle Student Loans During Job Loss
The Takeaway
While student loans and other debt types may make you feel burdened, remember that this is just a phase you are moving through. Building fun money into your budget can help bridge the gap between frustration and feeling like you have flexibility.
Write down a few things you enjoy doing, and budget for them. Also investigate other ways to free up funds to make paying off your student loans more manageable.
Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.
With SoFi, refinancing is fast, easy, and all online. We offer competitive fixed and variable rates.
Photo credit: iStock/Dragon Claws
SoFi Student Loan Refinance If you are a federal student loan borrower, you should consider all of your repayment opportunities including the opportunity to refinance your student loan debt at a lower APR or to extend your term to achieve a lower monthly payment. Please note that once you refinance federal student loans you will no longer be eligible for current or future flexible payment options available to federal loan borrowers, including but not limited to income-based repayment plans or extended repayment plans.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Casa Del Sol, a breathtaking Spanish-Mediterranean masterpiece nestled on the serene hillsides of Malibu, has just popped up on the market for a cool $12,500,000. And let me tell you, it’s far from your ordinary listing.
The striking residence is perched on a Malibu hillside, and pairs a weathered Spanish Mediterranean exterior with beautifully appointed contemporary interiors.
But what makes Casa Del Sol stand out, aside from its jaw-dropping ocean views and sheer opulence?
Beyond its timeless architecture, stellar location, sprawling two-acre European-tiered garden (with fruit trees, terraced walkways, and patios), and the private tunnel under PCH that leads to the pristine beaches of Paradise Cove, the unique property comes with some fairly unique sustainable features.
We’re talking VOC-free paints, cozy denim fabric insulation (yep, you heard that right), and a top-notch water filtration system that makes this home not just a feast for the eyes but mindful of the environment too.
This stunning six-bedroom, eight-bathroom home is being represented by the dream team of Philip Martin, Wesley Johnson, and Raluca Petcu over at Westside Estate Agency.
Step inside, and you’re greeted with an open-concept kitchen that’s perfect for those who love to entertain or just enjoy a nice meal with stunning views.
The attention to detail in Casa Del Sol is evident in every nook and cranny.
From hand-painted ceramic tiles that add a touch of artisanal charm, to the grandeur of a 22-foot tall hall that would make medieval estates jealous, this home is a testament to thoughtful design and craftsmanship.
Radiant floor heating, ten air conditioning zones for that perfect indoor climate, and individual audio zones in the primary bedrooms are just a few features that make living here a dream.
See also: 17 Biggest celebrities that live in Malibu & their million-dollar homes
And the cherry on top? Two primary bedrooms, each with their own en-suite bathrooms and panoramic views of the ocean that will make you pinch yourself to believe they’re real.
The grounds of this estate are nothing short of spectacular, featuring a massive 64-foot pool and spa, a cozy guest house, a basement that can fit up to 14 cars (because why not?), and private access to the sandy beaches of Paradise Cove via a tunnel under the Pacific Coast Highway.
Fancy a walk? The property boasts multiple terraced walkways and a European-tiered garden that’s a green thumb’s paradise.
And let’s not forget the security – the entire property is fenced-in to keep those pesky coyotes at bay.
Living in Casa Del Sol is not just about luxury; it’s about enjoying a sustainable, secure, and utterly exquisite lifestyle that blends the best of contemporary living with the charm of Spanish Mediterranean architecture.
So, if you’ve got $12.5 million lying around and are in the market for a home that promises luxury, sustainability, and some of the best views in Malibu, Casa Del Sol might just be calling your name.
And if you’re just like the rest of us, and can afford nothing more than to add this million-dollar home to our vision boards, here are a couple more pics to keep you going:
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In today’s volatile housing market, ensuring your home is protected against unexpected repairs and replacements is more crucial than ever. As homeowners seek peace of mind amidst the unpredictability of homeownership, home warranty companies have stepped up to offer a buffer against unforeseen expenses.
5 Best Home Warranty Companies
With so many options available, pinpointing the most reliable and value-packed home warranty company can be daunting. To help you choose, we’ve curated a list of the best home warranty companies to ensure your home’s systems and appliances receive the top-tier coverage they deserve. Take the time to discover which provider aligns best with your needs.
#1 Choice Home Warranty
There are plenty of reasons to go with Choice Home Warranty. First, they are a top-rated business according to ConsumerAffairs.com and have an average rating of 4.8 out of 5.
They have a five-star rating from Trust Pilot, and Inc. 5000 has recognized them as one of America’s fastest-growing private companies.
Choice has customer service available 365 days a year, 24 hours a day, 7 days a week. So if you’ve got a problem, don’t be afraid to pick up the phone and call them.
They are more than happy to answer any questions about your home warranty plan or, if need be, put in a request for a repair. A licensed, pre-screened, and continuously monitored technician will come to your house, usually within one or two business days.
The age of your home, its systems, and appliances is not relevant to Choice Home Warranty. They always cover items that have been properly maintained and were in well-working order when coverage was initiated.
If the item in question needs to be replaced but is no longer available on the market, they will give you a cash payment of the item’s replacement cost.
Another plus is that you don’t even have to get your home inspected before Choice Home Warranty will begin offering you coverage.
Choice also has a very reasonable $85 dollar service call, which makes them among the most competitive warranty providers for service calls.
Plan Options
1. Total Plan ($450 a year)
Includes coverage on the following —
AC
Heating
Electrical
Plumbing
Water Heater
Whirlpool
Refrigerator
Oven
Dishwasher
Microwave
Garbage Disposal
Washer and Dryer
Ductwork
Garage Door Opener
Ceiling and Exhaust Fans
2. Basic Plan ($378 a year)
Includes coverage on everything mentioned above, EXCEPT:
AC
Refrigerator
Washer and Dryer
Items that can be added at additional cost include:
Pool
Central Vacuum
Well and Sump Pump
Limited Roof Leak
Stand Alone Freezer
Second Refrigerator
Septic System
Septic Pumping
Read our full review of Choice Home Warranty
#2 Advanced Home Warranty
Advanced Home Warranty offers comprehensive coverage and a 24/7 claims hotline, making it a strong choice for anyone considering a home warranty.
Home warranties are available nationwide, so you can qualify for a plan, no matter where you live in the U.S. Plus, you can try it out without any risk by signing up to get your first month completely free of charge.
Trade service fees are reasonable at $60. If the cost of the repair is less, you’ll pay the smaller amount. This is one of the lowest service fees available among the providers on our list.
While they don’t offer a wide range of plans, you can get coverage on some of the big-ticket items associated with homeownership.
A low monthly fee can be much more manageable than paying for replacements outright every time an appliance breaks. There are also parts of even larger systems that are included in their coverage.
Here’s a breakdown of the two home warranty plans available from Advanced Home Warranty, how much you’ll pay, and what exactly they include.
1. Basic Plan ($370 a year, plus one month free)
Includes coverage on the following:
Heating System
Electrical System
Plumbing System
Dishwasher
Microwave
Garage Door Opener
2. Total Plan ($450 a year, plus one month free)
Includes coverage on everything above, PLUS:
Air Conditioning
Refrigerator
Washer/Dryers
Do read each home warranty plan for details on exactly how each specific item on the list is covered.
Read our full review of Advanced Home Warranty
#3 Liberty Home Guard
Liberty Home Guard offers a high degree of personalization for your home warranty coverage. For example, you can pick the plan and also how often you want to be billed.
You can choose monthly payments, annual payments, or for the most savings, multi-year home warranty plans.
Liberty Home Guard offers a service call fee of $60, which is a competitive service fee. You can also expect your service call to be delivered within 48 hours of making a claim.
You don’t need a home inspection to qualify for coverage with Liberty Home Guard. There’s also no limit to how many claims you can file within a year.
You can file your claims online for your ease and convenience. And with a 60-day satisfaction guarantee on service, you’re sure to be satisfied with the repair or replacement process.
If for some reason, you want to cancel your plan early, it’s entirely possible because there’s no annual contract. You’ll receive a prorated refund for any time you’ve paid for, except for a small administrative fee.
With Liberty Home Guard, there are three different coverage options you can choose from. You can also include optional add-ons in any plan.
1. Appliance Warranty for $39.99 Monthly or $399.99 Annually
Clothes washer
Clothes dryer
Refrigerator with ice maker dispenser
Built-in microwave oven
Dishwasher
Garbage disposal
Range/ oven/ cooktop
Ceiling and exhaust fans
Garage door opener
2. Systems Guard for $49.99 Monthly or $499.99 Annually
Air conditioning
Heating
Ductwork
Plumbing
Electrical
Water heaters
3. Total Home Guard for $59.99 Monthly or $599.99 Annually
This choice offers the most protection of all the plans and includes everything listed in the two plans above.
4. Optional Add-ons
Pool and spa: $17.00 monthly; $195.00 annually
Sump and pump: $3.00 monthly; $36.00 annually
Central vacuum: $3.00 monthly; $36.00 annually
Well pump: $9.00 monthly; $101.00 annually
Additional spa: $16.00 monthly; $188.00 annually
Septic system and septic sewage ejector pump: $11.00 monthly; $123.00 annually
Stand alone freezer: $4.00 monthly; $44.00 annually
Second refrigerator: $4.00 monthly; $44.00 annually
Read our full review of Liberty Home Guard
#4 Complete Protection
Complete Protection is another excellent home warranty company. Servicing all but nine states, this A+ Accredited Business is open 24/7.
Only slightly more expensive, this once small-scale, family-owned business offers some of the most comprehensive home warranties available in North America.
One of the many benefits offered by Complete Protection is their no-fee service call policy. With most quality providers charging at least $50 per service call, having no service call fee at all is a major perk.
They have five plans you can choose from:
Kitchen/Laundry: $32 a month/ $384 a year — covers your dishwasher, oven, refrigerator, and washer and dryer.
Heating/Cooling: $34 a month/ $408 a year — covers your furnace, AC, and water heater.
Basic Built-ins: $40 a month/ $400 a year — Furnace, AC, water heater, dishwasher, and oven.
Full House: $50 a month/ $600 a year — Furnace, AC, water heater, dishwasher, oven, refrigerator, and washer and dryer.
Full House Plus: $60 a month/ $720 a year — Includes everything mentioned in the first four plans, but also includes electrical wiring and in-bound water pipes.
What makes Complete Protection stand out even more:
There are a few other things that make Complete Protection stand out from its competitors. For one, their home warranties don’t have a deductible. As a result, you don’t have to pay any approved repair costs when something happens — this includes the initial service call, parts, and labor.
Secondly, CP pays for all preventative maintenance. Other home warranty companies mandate that their customers undergo preventative maintenance on items such as HVAC systems, but they won’t even pay for it. Instead, they force their customers to do so!
Thirdly, CP home warranties cover all the parts within an appliance. Most home warranty companies exclude parts like ice makers or washing racks within dishwashers. CP does not pick and choose which parts it will cover.
Lastly, Complete Protection allows you to choose your own service contract provider. So, if you have a certified contractor with whom you work, you can go to them whenever home repairs are needed.
They do this because they feel that their customers should always be comfortable with the person working in their house.
Read our full review of Complete Protection
#5: American Home Shield
The accolades American Home Shield has received are many. In addition to being a Better Business Bureau Accredited Business, they also received the Women’s Choice Award from 2014 to 2016.
On top of that, Home Warranty Reviews gave American Home Shield the Best in Service award in 2014 and ranked them as Top Rated from 2015-2017. Last but not least, they are Consumer Affairs Accredited.
Why so much recognition from the industry? For starters, they’re always open. You can always reach them regardless of what day or time it is. And, when you do, expect a local contractor to be at your home within no more than 24 hours. You don’t even have to get on the phone. You can request home repairs directly from their website.
Another reason American Home Shield is recognized as the best among the best is its versatility with its home warranty plans. They have four to choose from:
Systems Plan: Covers the replacement or repair of your home’s key systems, such as: plumbing, electrical, heating, air conditioning, and smoke detectors.
Appliances Plan: Includes coverage on common, everyday household appliances, such as refrigerators, built-in food processors, dishwashers, and washer and dryers.
Combo Plan: Get coverage on all of your primary home systems and appliances. Saves you $14 a month if you were to rather purchase the systems and appliances plans separately.
Build your own plan: Choose only what you want to be covered by selecting 10 or more items from their list of covered items. This way you get the coverage that you care about the most.
Another element of their customized service is their service fees. American Home Shield allows customers to choose from a service fees range of $75, $100 or $125 per service request. This allows you to get the plan you want without having to account for a high service call fee.
The ability to choose your own service call fee regardless of the plan you’re on separates American Home Shield from most other home warranty companies which carry a standard service call fee.
Additionally, American Home Shield can provide coverage for your pool, spa, well pump, and septic system (at additional costs) and can assist you during the moving process by covering your home while it’s listed. If the new owner decides they would like to upgrade service afterward, it’s an easy switch to do so at closing.
Read our full review of American Home Shield
Methodology: How We Chose The Best Home Warranty Companies
When researching the best home warranty companies, we analyzed over 20 of the most popular home warranty companies. Our team spent hours reviewing each home warranty company. We examined many factors, but mainly focused on the following:
Home warranty plans and options
Pricing
Reputation and trustworthiness
Customer reviews
Pros of Home Warranties
Peace of Mind
One of the major benefits of a good home warranty is peace of mind. A home warranty can bring some real financial security against unexpected home repairs. While getting your home in ideal shape can be tough, maintaining that level can be even more stressful. A good warranty coverage can cut away a big chunk of that worry.
Convenience
One of the biggest problems people can encounter when faced with unexpected breakdown at home is finding good help. But a home warranty also reduces some of that stress, as your provider can provide you with a relevant licensed expert within their network.
Potential Savings
In many cases, standard home repairs – such as a new boiler, for example – can be a lot cheaper if replaced under warranty. While home warranties can’t guarantee savings, chances are you will see the benefits speak for themselves over time.
Transferable
Many home warranties are transferable, meaning you could carry your plan to a new home if you decide to move. Be sure to check whether transferability is a feature of any warranty before signing if that’s important to you.
Cons of Home Warranties
Wait Times
Unfortunately, wait times for claims can sometimes keep you waiting. If you need a quick fix or emergency repairs at home, you may have to wait longer than you would like. One thing that can help here is looking for a provider that provides an online claims process. This is because online claims are often processed faster than those done over the phone.
Coverage Exclusions
Home warranties don’t cover everything, and it can be hard in an emergency to remember your exact coverage limits. It’s important to read the details carefully before signing up, and put a plan in place if you need work that falls outside your warranty coverage.
Cost
Home warranty coverage isn’t cheap, especially if you want to secure protection across your property. You won’t necessarily be covered by service fees, even if you choose a plan with a high service fee. And of course, some maintenance and repairs can come with further costs on top of your plan. These high costs can make it difficult to discern whether a home warranty is the right thing for you.
Other Home Warranty Companies to Consider
Here are a few other home warranty companies that didn’t make our top 5 that you may still want to look into.
Like so many things in our lives, a home warranty is something that we don’t often think about until we absolutely need it. Sure, you have home insurance, maybe even flood insurance, but that only covers certain situations.
Homeowners Insurance
Homeowners or renters insurance can cover damage to your home from things like fire, theft, storms, and some natural disasters. In addition to your homeowners insurance plan, you should choose to purchase a home warranty to protect your belongings in a way that insurance lacks.
If you’ve ever purchased a large appliance, a computer, or even a television from a retailer, then you’re probably familiar with the concept of a warranty.
However, those are warranties sold at the time of purchase and cover only one product. The benefit of home warranty protection is that it can cover every product in your home and more.
Choosing a Home Warranty Plan
What a home warranty plan covers will depend on the plan you choose, and there are many to choose from. A home warranty can cover anything from your microwave oven to your plumbing and your electrical systems.
Deciding which plan is right for you will determine what items and systems it covers and how much it will cost. Typically, home warranties charge either a small monthly or annual fee that can save you a lot of money in the long run.
How to Choose the Right Home Warranty
Choosing the right home warranty is key. Let’s run through all the details you need to consider before making your decision.
Determine Your Coverage Needs
At the very least, it’s important to get at least an idea of what sort of coverage you need. Take the time to decide which items in your home you want to protect before comparing offers. You’ll find plans that cover appliances, home systems, and plans that cover both.
Compare Quotes
It’s worthwhile to shop around. Try to acquire at least three different quotes from plans that you’re genuinely interested in. And use this time to also prioritize clearing up any questions you have about the policies you’ve been offered.
Don’t forget to pay close attention to the various prices you’ll see for service call fees. Some companies are much more competitive than others, and some even offer a service fees range which you can choose from depending on your needs and budget.
Review Sample Contracts & Liabilities
The next step is to review any sample contracts carefully. You’ll want to identify the limitations and exclusions in the contract, especially.
Furthermore, be sure to double-check cancellation policy just in case you decide your warranty isn’t working for you later on.
Check Reviews
Finding the best home warranty company for you will require some further research. You can read customer reviews online to find a company that provides great customer service as well as competitive plans.
Be sure to look out for any record of previous legal action taken against the company, too.
Home Warranty FAQ
What is a home warranty?
A home warranty is a type of service contract purchased to cover breakdowns, repairs, and replacements of home appliances and systems. Home warranties are designed to cover normal wear-and-tear damage on covered items and systems.
When a covered item breaks down or otherwise requires attention, you file a claim with your warranty provider. They then send a licensed technician to your home to assess the issue. Instead of paying for the full cost of the repair, being under warranty generally means paying only a small service fee for necessary repairs. The price of service fees varies between providers.
Home warranties are popular because they offer homeowners maintenance coverage and emergency repairs without having to rely on savings. The home warranty market today is huge and can provide terms for homes and budgets of many shapes and sizes.
What does a home warranty cover?
Home warranties can cover a whole range of systems and appliances within your home. You can decide how much you want to spend and determine what items will be covered by your home warranty.
Most home warranty companies break down their offerings into good, better, and best options. The good option, and least expensive, is one that covers most if not all of your appliances.
Major Home Systems
More expensive on an upfront basis are plans that cover major home systems. These home warranty plans cover the systems within your home. If you’re renting, this may not be of concern to you. However, if you own your home, you know that a plumber or electrician can cost a lot more than replacing your refrigerator.
If you’re less concerned with appliances and worried about what keeps your home humming along, then you may want to consider a system plan.
Appliances
Appliances like your microwave, washer and dryer, dishwasher, and often a lot more are covered by the best home warranty companies. These are great options for those who are renting or want to spend the least amount of money.
Systems & Appliances
The most expensive plans, of course, offer the most coverage. The best plans cover both systems and appliances. So while they’re the most expensive, they’re also the best value. Covering your systems and appliances together will typically save you around 20% to 30% of your total bill.
Basic plans from the best home warranty companies will cover the majority of systems and appliances in your home but don’t cover everything. If you have a pool, for instance, you may have to choose additional coverage.
Some home warranty companies even allow you to add coverage to cover your homeowners’ insurance deductible. Combining appliance and system coverage may also include these additions.
There are exclusions to what a home warranty will cover. Unfortunately, no plan is a blank check to have every item in your home replaced. These are repair plans and not replacement plans.
What is not covered by a home warranty?
The extent of your warranty coverage will vary greatly between companies and plans available. Having said that, however, here is a list of the ideas that are usually not covered by a home warranty:
Structural issues, paint and flooring
Commercial-grade equipment or systems
Pre-existing conditions
Rust, corrosion and sediment problems
Improper maintenance, installation, design, or manufacturer defect
Detection and removal of asbestos and mold
Building and zoning code violations
How much does a home warranty cost?
Home warranty pricing varies greatly depending on the coverage you choose, the home warranty company, and the area in which you live. In general, though, if you’re just covering appliances, expect to pay around $30 a month.
If you’re looking for only system coverage, you’ll probably pay around $35 a month. However, if you combine your coverage to include both systems and appliances, expect to pay around $45 per month.
Adding things not covered by a typical home warranty plan can also increase your monthly bill. If you have an atypical appliance or system, it’s possible that basic plans do not cover it. Not everyone has a swimming pool, a septic tank, a whirlpool tub, or a spa.
Check with your individual plan to ensure that all systems and appliances you want to have covered are actually included. If they aren’t, see if you can add them separately.
Service Fees
In addition to your monthly fee, you’ll also need to pay service fees for a service call. This cost can vary greatly.
The best home warranty companies offer plans that will cost you around $50 to $125 per repair. This is based on the home warranty company, the plan, and the item that needs to be fixed. While this may seem like a lot, consider the cost of the average repair without a warranty.
What can you expect to pay without a home warranty?
The average repair cost of a refrigerator is $275 to $325. The igniter on an oven or range may only cost $110 to $200 to repair, but a control board could cost you more than $260.
Replacing a rubber gasket on your washer will set you back between $200 to $300. These expenses can quickly add up compared to the fee home warranty companies charge for a visit.
Bottom line: They’ll address the issues with your current item but won’t give you a new one.
Pre-Existing Conditions
Pre-existing conditions are not covered either. Unfortunately, if one of your major appliances breaks, you can’t just sign up for coverage and expect to have it fixed.
Most home warranty companies will cover an unknown pre-existing condition. However, you can’t have an appliance covered if you or the home warranty provider knows that it’s already broken. This is why it’s a good idea to think about purchasing home warranty coverage before your appliances break.
Coverage Waiting Period
Most companies impose a 15 to 30 day waiting period before coverage can begin. There are, however, exceptions to this rule. For instance, if you have a home warranty that is ending soon, you may be able to begin on the date your coverage stops.
It’s important to read the fine print of your service contract. Each home warranty company will have very specific coverage details.
While all will most likely cover your refrigerator, not all of them will cover wear and tear on the gasket that seals it. Typically, the more expensive the plan, the more it covers, but this is not always the case.
What is the process for having an item repaired?
When something breaks, especially if you have a home warranty, you’ll want it fixed as quickly as possible.
Going without a microwave for a week or two may be acceptable, but if it’s your refrigerator, you may not be so patient. When an item malfunctions or breaks, you’ll need to contact your home warranty company’s customer service and explain the issue.
Make sure you report the problem as quickly as possible. The faster you make the call, the faster you’ll get an appointment and have your issue resolved.
Independent Contractors
The home warranty provider will most likely assign an independent contractor to inspect and repair the item. Obviously, system repairs can take longer and be more labor-intensive.
For example, replacing a part on your furnace will be a lot easier than repairing electrical wiring or plumbing inside your walls.
Depending on what is wrong, the contractor may have to order parts or return with specialized equipment. You’ll be required to pay a service fee for each item you wish to have repaired. However, the contractor should ensure that the item returns to working order.
Workmanship Guarantee
Once you’ve had an appliance or system repaired, that item is covered under a workmanship guarantee. Think of it as a warranty within your warranty.
The home warranty provider guarantees the parts and labor of that particular repair for a specified amount of time. This is usually around 90 to 180 days after the repair. So, even if you cancel your plan, they will still cover the repair during that time.
Who should pay for a home warranty?
Many times the seller will buy a home warranty to make the purchase of the home more appealing. Sometimes a real estate agent will even purchase a home warranty as a courtesy to the clients they’re representing. However, buyers, sellers, real estate agents, and current homeowners can all buy a home warranty. It’s also important to note that buying a home warranty can be done at any time, before or after closing.
What should you look for in a home warranty company?
A home warranty can save you a lot of hassle and headaches, not to mention money, down the road—as long as you do your homework and think it through.
A home warranty covers many things that homeowners insurance does not. Having peace of mind knowing that costly home repairs won’t spring up unexpectedly is a great feeling.
Choosing the right type of coverage for you is the next step. When you think about the type of coverage you want, think about the items you want to protect in your home.
Renters
If you’re just renting, then plumbing and electrical work is not a concern for you. Your homeowners insurance should cover things like theft and fire, but you still want to be covered when something breaks that you actually own. Choosing an appliance plan is probably the right option for you.
If you live in an older home that you own, a more comprehensive plan may be the right choice for you. It’s comforting to have your home inspected before purchasing, but things can still go wrong. You can avoid costly maintenance as long as you plan ahead.
Are home warranties worth it?
The answer to this question will depend largely on your unique circumstances. Two of the biggest factors are the age of your home and the quality of your appliances. In addition, your own ability and comfort with repair and maintenance is a factor.
Almost every home appliance and system will eventually require significant repair or even replacement. Depending on your own DIY skills, you might be comfortable taking responsibility for most repairs. Others might want more comprehensive coverage. But even still, there could be plenty of reasons why you would prefer to have a home warranty.
How do I cancel my home warranty?
Your first step should be to review your contract and make sure you understand the cancellation policy. Most companies will charge a cancellation fee that can range from 5% to 10% of the outstanding fee.
Thereafter, you can contact the company and tell them you’re considering cancelling your warranty. If possible, try to speak to a sales rep with whom you’re familiar.
Some companies require you to send a written notice of termination. Remember to cancel any automated payments from your credit card or bank account, if necessary. It might also be a good idea to request a written confirmation of the cancellation for your records.
Which home warranty company has the lowest service call fee?
Service call fees can vary widely between companies, but it’s important to try to find the most competitive service call fee available to you. Service fees generally range from $50 to $150 per service call.
The trick with finding a competitive service fee call is making sure you don’t sacrifice the quality of service calls. Some of the top-rated home warranty companies charge a higher service fee. However, it could be worth it to have the security and confidence of quality home service.
Final Thoughts
To find the best home warranty company, you will need to read the contract thoroughly. Every company that you investigate will have a contract. In that contract, they’ll spell out exactly what they do and do not cover.
They’ll also explain the cost, who will fix your items if they break, and more. Comparing two or more home warranty companies can give you a sense that you’ve made the right decision. Always make sure you do your homework.
Furthermore, check to see if a home inspection is required before qualifying for a home warranty with a specific company. Many don’t require this extra step, but it’s wise to be prepared in case they do. You definitely want to consider both cost and convenience as part of your ultimate decision.
Full Reviews of Home Warranty Companies
Looking for more options? Check out our other home warranty reviews below.