Simple cosmetic updates are no longer enough; buyers want well-executed, durable improvements that justify the investment.3.

Here are the property details:SFH in University Park, IL 60484 - 4 bd / 2.5 ba / 2,315 sqft Asking Price: $165,000ARV: $240,000Notes: Property needs cosmetic work all around.

I'm sure they talked, but if the showerhead had issues with flow (CLR does wonders) that is different than a cosmetic problem (rust on the outside of the fridge)...though I wonder what they did to get rust on the front and side of the fridge. 

“Streamline Option” – or “Limited Repair Program”Total financed rehabilitation costs cannot exceed $35,000Maximum Sub-Contracts is 3If more than 3 are needed then a General Contractor will be requiredRepairs are limited to cosmetic repair only.

Purchase price: $810,000 Cash invested: $200,000 Bought an SFR that needed a cosmetic rehab and had an unfinished basement.

In this market, people are have to be willing to buy a fixer upper (maybe just cosmetic issues) to force appreciation.

One friend raised rents from $1,075 to $1,600 in two years without any cosmetic updates on a 3 bed 2.5 bath in Liberty.

The houses are on pretty rough cosmetic condition but the tenants have not shown an interest in any kind of renovations.

I used a faucet as an example because that is an item that normally breaks down first and often observe customers walking down the fixture aisle at HD or Lowes looking for the least expensive option, whereas purchasing inexpensive tile or other cosmetic items won't necessarily cause maintenance issues although I would argue will cost you revenue (more on this below). 

Did the property require any renovations or cosmetic fixes, if so what were they?