They miss out on the opportunity to further increase their return on investment, raise property values, and to create a beautiful functional home instead of just a house.What type of investor are you?

Cosmetic upgrades will have the biggest impact on value for appraisal purposes, assuming the existing mechanicals are functioning well.I would say look at some homes that have sold for 115k - 120k and see what kinds of upgrades they had. 

I don't know how it will affect resale value, but since you would still have garage space in the primary home, the functionality of the home will only be improved.

Hey Guys! My First post on Bigger Pockets :)In the Philadelphia Market I am seeing flips AND fix & rental popping up all over town. With all of the articles, youtube videos, and my personal research scrolling thro...

So on HUDForeclosure.com you can purchase a functioning/decent house that could be instantly rented for $85K in a class B neighborhood with a market value of $172K that rents for $1500. 

Some relevant financials are below...any help from the crowd would be appreciated as if like to explore this and do a 1031 in two years.Current rent - $850 Current property value - $75kishNo current mortgage Located outside Houston and appreciating at around 4% a year If tenant moves I'd do maybe $20k in renovations to update kitchen, floorplan and exterior siding but house is functional

At the time of purchase the equipment was non-functioning junk. 

I began using cozy after erent imploded and really liked the functionality of erent.

Attend the conferences, networking events, deal making functions.

You just want to ensure that all of the major functions have been upgraded - like no more knob and tube wiring, for example.