Comps vs ARV

[Dave McEvoy]

I'm confused about how I should calculate ARV. Assuming I'm considering making an offer for wholesale purposes, I ran comps that show approx $165k, but most comparable houses aren't updated and pretty dated. Assuming the house I want to make the offer on needs some updating itself, can I calculate a higher ARV to account for updating?. The kitchen or bathroom for example? I know a roof doesn't add value but wanted to be sure I have an accurate ARV. Or do I just stick with what the comps show? Thanks for help BPers.