Upgrades- Piecemeal or finishing it all at once?

[Josh L.]

I've got a property in a good location, but the kitchen needs updating and the carpet will be changed to either a laminate or hardwood.

I know I'll need to do the flooring update when the tenant moves out- I saw the carpet and the carpet downstairs can't be saved.

But, should I also update the kitchen at the same time I update the flooring? When I do the kitchen, I'll switch out the current tile countertops for granite and I might get new Ikea cabinets too. 

On one hand, if I only upgrade the flooring when the current tenant moves out and then do the kitchen later on when the replacement tenant moves out, then I can market the property each time with brand new X when I'm looking for a tenant.

But, if I only do one upgrade at a time, I'm afraid that the tenants will not be impressed and regard it as half-finished. Will I still get the same bounce from wood floors if the kitchen itself is kind of shabby?