Decorate part of homestead ornately (5)
I believe the answer is:
adorn
'decorate' is the definition.
('adorn' can be a synonym of 'decorate')
'part of homestead ornately' is the wordplay.
'part of' indicates the answer is hidden within the clue.
'ADORN' is hidden in the letters of 'homestead ornately'.
(Other definitions for adorn that I've seen before include "Improve appearance" , "dress" , "Attire" , "Bedeck" , "Beautify - decorate - enhance" .)