For many homeowners, laundry is probably the least enjoyable household task to do. But maybe you can change that by sprucing up your laundry room. You’ll find that a few simple upgrades can make a load of difference to your laundry experience.
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Home additions and remodeling projects may be exciting, but they can also be overwhelming. You must be careful with every decision you make, from small to big ones, when making significant changes to your living space. Renovations are not always perfectly seamless, and you might encounter issues along the way. You can prevent them from causing major delays and problems by dealing with them calmly and promptly, and with an open mind.
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Tearing down walls to create an open floor plan layout is a popular trend nowadays, but experts on home additions strongly advise homeowners that these kinds of projects should be handled with utmost care and attention. Older homes that rarely feature separate rooms, for example, aren’t usually setup to be like this. However, many modern properties, especially older ones, are being converted into open floor plans to accommodate the need for large, spacious and comfortable spaces.
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Building and maintaining a great working relationship with your home additions contractor is key to having a successful renovation project. However, what are the things you need to do to create a great relationship between the two parties? Find out more in this post.
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Working on home remodeling and improvement projects is more than just replacing your windows and choosing the right materials. Homeowners are also urged to consider the impact that renovations will have on their insurance. Depending on the work you’re planning to do, you may need additional coverage.
So, whether you’re planning for an upgrade or you recently finished a project, immediately inform your insurance company to ensure you have the right amount of coverage.
It is certain that any kind of remodeling project will likely increase the value of your home. However, depending on the type of work done, a home upgrade can raise or lower the cost of coverage for your property. This makes it a good idea to contact your insurance agent and ask questions before the actual construction commences. The last thing you want is to be underinsured for a worst-case scenario like a house fire.
According to remodeling and historic renovations experts, features that strengthen your house can lower the likelihood of damage and get you a discount on your insurance. On the other hand, improvements that enhance your property value may require a higher dwelling coverage limit, resulting in higher rates.
Is your property covered during renovations? There are multiple scenarios where your remodel may or may not be covered by your insurance policy. Keep in mind that adjusting your coverage limits isn’t the only reason to inform your insurance company of renovations prior to the start of your building activity. This is because you have to ensure that the remodeling process itself is covered.
On the other hand, your insurer must offer coverage enhancements to add to your policy. An extended replacement cost, for instance, provides an automatic increase of at least 25% of your dwelling coverage limit in the event of property damage. This can be beneficial if you aren’t sure of the accuracy of the suggested coverage limit adjustment.
What You Can Do
Home additions pros say to ensure a smooth home remodeling process, ask your prospective contractors for a copy of their insurance policy. They should have commercial liability and workers’ compensation insurance to cover potential property damage and worker injuries. By taking these measures, you can rest easy knowing all of your bases are covered.
Home Upgrades That Increase Your Property Value
Generally speaking, you can expect the following home renovations to increase the value of your home as well as the cost of your insurance:
The Bottom Line
Most renovation projects that are worth doing increase how much insurance you’ll be paying. People are urged to understand that the added cost is still worth it because you’re also gaining property value, not to mention improving your quality of life and your enjoyment of your home. Hence, there’s really nothing to worry about as long as you’re with the right insurance company and contractor.
Looking to transform your space? Cottage Industries is a full-service residential design and construction company offering home remodeling and historic restorations in Philadelphia and the Main Line. Our services include creative architectural design, sound structural engineering, efficient and supportive project management, and fine craftsmanship in all the trades. Call us today at (610) 590-9474, or fill out our form here. We look forward to working with you on your next project!
Interior home design in the 1970s leaned towards vibrant colors, loud patterns and the always-present wall paneling. Those who have lived during that era know that wall paneling meant dark, knotty pine (or faux wood) that absorbs all the light inside the room and gives it a cramped, airless feel. The thought of adding wall paneling inside the home can still make some homeowners cringe – but maybe not once they know that this design trend has already come a long way.
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As an interior designer I have had such a good experience working with Cottage Industries, Inc. Having worked with many contractors I know how crucial and how rare it is to find one in which every professional communicates well and in which projects are finished on time and
Cottage helped us with a full house remodel. Russ (the PM) was beyond amazing and we are extremely happy with the result AND the way the project was handled.
In 2016 my wife and I embarked on a full house renovation of a 6100 sq ft, 1893 stone Victorian home. We interviewed several design and build firms and chose Cottage because they seemed to care as much about restoring the home as we did. Nick and Adam were very professional
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Capable, responsive, deadline oriented and good craft workers. Highly recommended
