10/31/2013 - Home improvements on tap for fall
With about a month left of fall, a new study indicates that a substantial number of people either already have or intend to refurbish their properties.
According to the survey, which was performed by real estate listing website Zillow, approximately 52% of householders plan to make some type of home improvement in fall, with the average family spending approximately $1,000 to do so.
Cynthia Nowak, trend expert at Zillow, indicated that this is an ideal time of year in which to take up these tasks.
"Fall is a perfect transition time from outdoor to indoor activities, which is resonating in home improvement plans and trends," said Nowak. "Parents are sprucing up indoor play areas to keep the kids active and occupied, while looking for ways to update their own workspaces for the season ahead as workdays are shortened by kid pick-up and drop-off duty."
As for which room of the house that homeowners intend to focus on, about 6% said they'd tackle their home office, up from 4% when a similar survey was taken over the summer.
If an improvement project is relatively minor or inexpensive, it's not necessary to update one's homeowners insurance policy. However, if it's significant - such as replacing wood countertops in the kitchen with granite or marble - it may be wise to get in touch with one's insurer to see how the renovation will affect their plan.