If you’re currently renting an apartment or home, you may be wondering if it’s worth embarking on any specific home improvement projects. The primary reason for this is making a long-term investment in a home that isn’t your own. You may also feel as though you’ll be spending money and effort on a project for which you won’t see a return.

You will be delighted to learn that there are several renovations you can perform that can benefit both your quality of life and your budget. This post takes a closer look at a few of the top reasons why it may be worth embarking on home improvements in your rental space. We’ll also highlight why renters insurance should be a must for your Houston rental home.

Some Projects Can Result in Improved Quality of Life

When you’re considering budget-friendly home improvement ideas, it’s always a good idea to focus on minor changes that can improve your overall quality of life in the space. Some improvement projects, such as painting, adding storage, or updating lighting, can go a long way toward making your rental feel more like a cozy and comfortable home.

Can be a Negotiation Tool

The golden rule for renters is to never undertake a renovation without the prior written consent of the landlord. This is essential to ensure that you don’t contravene any of your lease agreement terms.

In addition to this, your landlord may be open to the idea of having the property improved in exchange for reduced rental or even a longer lease. This is especially the case if you have expert skills to offer, such as electrical or building services. Be sure to get any agreements in writing and be specific on all plans and timeframes.

Can Reduce Operating Costs

If you’re renting an older home or apartment, you may find the space filled with old energy-guzzling fixtures and appliances. Upgrading these older appliances and fixtures can reduce energy and water consumption. This not only saves you and the landlord money but can make the space more sustainable and energy-efficient. For these types of renovations, be sure to opt for modern, energy-efficient appliances, tapware, and other fixtures.

Invest in Quality Renters Insurance

One of the key aspects of renting is to invest in the best insurance to cover any unplanned issues. While renters insurance isn’t mandatory in Houston, it’s always a good idea to protect your family, guests, and budget against a host of different potential eventualities.

Keep in mind that your landlord may still require it to ensure a hassle-free tenancy. Since quality renters insurance in Houston costs around $16 to $20 a month, it’s easier than ever to get the coverage you need.

While the criteria covered may vary between providers, quality options such as those on offer from Lemonade typically offer the following:

• Personal property: Belongings are protected against damage and potential loss.
• Loss of use: Provides reimbursements in the event of issues such as storms and fire. Can cover temporary housing and living expenses such as food, laundry, and hotel parking.
• Liability coverage: Covers injury to anyone in your home or even damage to property.
• Medical protection: Various medical expenses are covered for any non-residents and guests who get injured or accidentally hurt in your home.

Can Promote Long-Term Investment

Another top reason why a renter may opt to renovate their rented space is to make the home functional and comfortable enough for long-term living. Tenants are more likely to stay in a house or apartment if the space offers everything they need. This means that as a tenant, you won’t have to move around all the time. For a landlord, it reduces the need to find and screen potential tenants.

Many Simple Renovations to Opt for

The good news is that there is a wide range of non-damaging renovations that you can opt for to make your space more functional and cozy. If a landlord prefers you only make changes that you can undo, then you can opt for any of the following:

• Use peel-and-stick wallpaper
• Opt for removable adhesive hooks for storage and decor
• Swap out energy-guzzling lightbulbs for LED options (keep the originals for reinstallation when moving out)
• Add non-permanent additions such as plants and statement mirrors to make the space more aesthetically pleasing.

Final Thoughts

There are many good reasons to perform a few common home improvements around your rented space. Not only will you enhance your personal comfort, but you will be able to create a more personalized living space. In some instances, you can even use your renovations as a tool to negotiate a lower rental amount or even to extend leases. Be sure to discuss any potential renovations with your landlord beforehand.