Upgraded kitchens, bathrooms, and other items that hadn't been touched for years What was the outcome?

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

Because, even after a huge upgrade, more and more flights are landing at Cancun airport and they're going to run out of capacity again if they don't take preventative action.

Will you need to upgrade the units to keep up with market demand and market rent? 

HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded. 

Basically a turnkey investment with all new interior upgrades that is poised to bring in solid rental income.

Our $25,000 renovation budget allowed us to make targeted upgrades, modernizing the property and enhancing its appeal to buyers.

Take this opportunity to upgrade your plumbing and electrical if needed. 

If you aren't a licensed contractor, plumber, or electrician, you should not be touching those things, much less doing repairs or upgrades on those items.

The home price is $480,000, including upgrades.