Advice on how much to fix up a property before renting out

[Matt Mabry]

Hello everyone,

So this is actually my very first post but I have been reading on this site for some time, please point me in the right direction if this post is in the wrong forum.

I currently own a condo in Metro Atlanta in which after all expenses (including HOA) are around $900 (my roommate me gives me $500 per month...is this considered house hacking?). Rentals in my complex are already going for around $1200 per month. Knowing this I would like to try and find another place soon and list mine so I can start this whole REI process!

My questions is this, should I consider sprucing my place up (update kitchen and bathroom) to try and demand more rent (comps in my area reach as high as $1500 per month). Or should I be happy with what I can most likely get with my property being as is?

Please let me know some thoughts, and I am more than willing to go post some pictures and give more details as necessary..