Recently my wife and I purchased our first home together!!!! Multiple exclamation points needed for that one.
We went through and purchased a 2 flat on the NW side of Chicago, it needs some work(dont' they all), but we are involved in a 203K loan, where we are having everything fixed and included in the purchase price. While a contractor is doing the heavy lifting, kitchens, bathrooms, etc. Many things cannot be done by a contractor, mowing lawns, changing locks, cleaning, etc. This becomes how our weekend was spent.
We need many things and we are a semi-frugal bunch, so not always new with the best brand name. We needed a lawnmower and so began the search on craigslist, I finally came across a cheap $25 lawnmower and despite my gut telling me to say no, the idea of a cheap lawnmower and a trusting seller got the better of me.
Fast forward to 2 days later and I am at Sears buying a new lawn mower, but all is not lost, we were able to find a Clearance Lawn Mower(returned) for a unbelievable price of around $70, so to protect our investment we purchased the 3 year warranty plan and left with a *brand new* lawn mower and 3 years of worry free mowing. So all in all $135 for a new lawn mower with warranty, I'm happy with that.
Many people say don't buy the protection plan, I tend to agree with them most of the time, but peice of mind and a questionable item that was returned and I feel we made the right decision, what do you think?