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Kiplinger
Kiplinger
Business
Rachael Green

Why Now is the 'Just Right' Time to Do Those Home Upgrades

A senior man installs a new exterior door on his home.

The Federal Reserve cut rates for the second time in 2025 this week. While that's not great news for savers, it's good news for borrowers. If you've been waiting on rates to drop to take out a HELOC or personal loan for some home improvement projects, now is the time to strike.

Why now? While rates are expected to come down further, the clock is ticking on a package of energy-efficient home improvement tax credits that could put thousands back in your pocket after making eligible upgrades to your home.

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