Should i buy termite protection

Real Estate Financing Resources. Tax Resources. Real Estate Resources. Comprehensive real estate investing service including CRE. Learn more. Already a member? Sign in here. Access to timely real estate stock ideas and Top Ten recommendations. Learn More. When it comes to termite bonds, value varies. Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

Termite bonds are a type of insurance against termite infestation and damage and are typically issued by pest control companies that also do inspections and treat the property to eliminate the wood-eating pests. They then require an annual inspection , usually a couple hundred dollars. Treatment and prevention systems also can add a few hundred dollars a year on the high end. There are basically two kinds of bonds: re-treat bonds and re-treat and repair bonds.

The first guarantees treatment whenever the pests are discovered. The second adds repair of damage. She recommends getting a few quotes from reliable providers and to make sure to ask these four questions:.

This amount also varies depending on the materials that were damaged and the materials used to repair or replace it. Termites must also be exterminated before any repairs are done. The costs of termite treatment not only include the termiticides or baits used in the treatment, but also the labor, training, and service hours for the termite exterminator. This estimate also varies based on the type of guarantee provided, the location of your home, and the type of treatment required.

This can vary so it is always a good idea to check your state regulations. A termite bond or termite warranty is your best bet. A termite bond is a warranty between a homeowner and a termite company that functions as a maintenance contract for termite prevention , damage, and repair.

Termite warranties vary by company, but they generally include an agreement for annual or more often termite inspections during the lifetime of the warranty, an agreement to provide treatment if termites are discovered often at no additional charge to the homeowner , and in some cases an agreement to repair damages.

Not all homes, however, qualify for these repair bonds so always check with your termite control provider about this. A termite warranty provides you with peace of mind against termite damage. The warranty guarantees that the pest control company will continuously inspect your home and make sure that new infestations are discovered before they can proliferate.

Termite warranties are also beneficial when buying or selling a home as they are often required before a sale can occur. Lenders will often not approve mortgages for at-risk homes without a termite bond. Only certified pest control companies can issue termite warranties.