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Morgan: Soaring demand has homebuyers whittling down wish lists

InMaricopa Dayv Morgan Traditionally, prospective homebuyers have a wish list of features and amenities in mind as they conduct their search for a new residence. Perhaps quartz countertops or a three-car garage or maybe even a backyard pool. Those looking to build a new home might have incorporated upgrades or extras by the builder to get their dream house. But the white-hot real estate market has changed all that. With super-low inventory of resale homes and homebuilders across the country struggling to keep up with demand, homebuyers are being forced to abandon their wish lists just to get in a home.

Dayv Morgan: To be ready for unexpected costs, consider home warranty

InMaricopa Dayv Morgan With 75% of the homes in Maricopa at least 10 years old, it is imperative for homebuyers to budget for unexpected home repair costs. When air conditioning units or appliances fail suddenly, the cost of repair or replacement can be a shock. Think about the rest of the home. The water heater may be nearing the end of its life span or the cooling system may date to 2005. And who knows what your roof looks like under the tiles. A home warranty plan is an important part of buying a home. While home insurance can cover you against structural damage and theft, a home warranty can repair or replace systems and appliances that stop working due to normal wear and tear.

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