With the housing market finally slowing down and, some say, potentially about to plummet, now might be a good time to take out a loan to do some home improvements. Now is certainly not the time to try and move up the property ladder, so if your ambitions in that direction have stalled, you could do a lot worse than try to build in some value to your present home ready for the day when the market starts soaring again.
Not all home improvements add value in the long term. For example, if you put in a new kitchen now, unless the market has started to boom again within the next two years, you run the risk of your choices looking dated. Structural improvements though, such as an extension, loft conversion or conservatory; things which add living space, will always eventually pay for themselves.
Also of course, while you are waiting to start climbing the property ladder again, you can benefit from the improvements you make to your present home. As long as you know that you will be able to cover the loan repayments, housing improvement loans are probably one of the best investments there are in terms of property right now.