Great Home...but it's not sexy

[Jasmin Mcduffie]

Dear BP I'm a newbie looking to buy my first investment property. Recently I've found some great homes that appear to be in good shape functionally (newer HVAC and solid roof /structure) but don't have the aesthetic "sexy" curb appeal. For example the kitchen and bath fixtures are operational and work but look a bit dated. The basement is functional as a family area but has old tile flooring and exposed beams / piping. If everything is in good working order is it worth making upgrades to kitchen and / or bath finishes to appeal to potential tenants? Is it worth it to "finish" the basement with drywall walls and a ceiling to make the space feel more like a family space and less like a basement? Financially it seems like it would be best to start with what's in place especially if it's rent ready and everything is good working order and lower the rent to accommodate the dated fixtures and finished. I often wonder however if the place looks dated will tenants treat it like it's dated... If it looks shiny and new will a tenant treat it better... Thanks JASMIN