Business Wire 18-Jul-2017 9:00 AM
Budget planning tips offer homeowners advice on how to help maintain property value
MEMPHIS, Tenn.--(BUSINESS WIRE)-- Purchasing a home is an enormous accomplishment, but making the leap from renter to owner also carries plenty of financial challenges including the responsibility of paying for numerous upfront and ongoing expenses.
To help shed some light on some of the unforeseen costs of maintaining a home, American Home Shield, the nation's largest provider of home warranties and a business unit of ServiceMaster (NYSE:SERV), has collaborated with Lynnette Khalfani-Cox, The Money Coach.
As a homeowner and personal finance expert, Ive had firsthand experience with the initial and ongoing hurdles of owning a home, says Khalfani-Cox, former finance reporter and co-founder of AskTheMoneyCoach.com. To help homeowners and homebuyers plan for these often overlooked expenses, Ive teamed up with the leading home warranty company, American Home Shield, to provide successful money-saving tips that any homeowner can practice.
Here are four hidden costs Khalfani-Cox has identified that ultimately help maintain home value and allow homeowners to enjoy their investment:
Hidden Cost 1: Home Maintenance
Hidden Cost 2: Home Repairs
Hidden Cost 3: Home Utilities
Hidden Cost 4: Home Upgrades
As the nations largest home warranty company, nearly 2 million customers rely on us to help them maintain their homes, says Tim Haynes, president of American Home Shield. Owning a home is a big investment, and by shedding light on some of these hidden costs, we hope to help homeowners sustain the value of their homes and plan for the unexpected.
For more information and helpful tips from personal finance expert Lynnette Khalfani-Cox please visit AskTheMoney Coach.com, and follow her on Twitter and Facebook; for more information on home warranties, go to ahs.com.
American Home Shield founded the home warranty industry in 1971 and remains the industry leader. Together with all of its wholly-owned subsidiaries, American Home Shield services approximately 1.9 million customers in all 50 states. The companies operate five customer service centers, employ approximately 1,700 employees and have a national contractor network made up of nearly 15,000 independent home service contractors and more than 45,000 service technicians. American Home Shield is a business unit of ServiceMaster Global Holdings, Inc. (NYSE: SERV), one of the world's largest residential and commercial service networks. The ServiceMaster network of companies includes AmeriSpec, American Home Shield, Furniture Medic, Merry Maids, ServiceMaster Clean, ServiceMaster Restore and Terminix. American Home Shield is the Official Home Warranty of Minor League Baseball.
ServiceMaster Global Holdings, Inc. (NYSE: SERV) is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 8,000 company-owned locations and franchise and license agreements. The companys portfolio of well-recognized brands includes American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control). We serve residential and commercial customers through an employee base of approximately 13,000 company employees and a franchise network that independently employs an estimated 33,000 additional people. The company is headquartered in Memphis, Tenn. Go to www.servicemaster.com for more information about ServiceMaster or follow the company at twitter.com/ServiceMaster or facebook.com/ServiceMaster. ServiceMaster is the Official Home Services Provider of Minor League Baseball.
The 2016 ServiceMaster Experience Consumer Survey presents findings of an online survey conducted by Toluna from March 15-17, 2016 among a sample of 1,959 American homeowners and prospective homeowners (next 12 months) 18 years of age and older.
The 2016 AHS National Contractor Survey presents the findings of an online survey conducted from November 29-December 31, 2016 among a sample of 902 contractors in the American Home Shield network.
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Source: American Home Shield