ONe of my clients that I fund in Chicago does a really great job.. they take their homes to the studs each and every time... all new plumbing new Hvac new roof new electrical panel and all new wiring Windows usually.. new insulation sheet rock all new cabinets slab granite counters full ceramic tile. 

Here are a few examples:-granite counter completely chipped around the sink.

Paul/Minneapolis area have a referral for a chep, quality granite countertop company?

I know that repair value (barring the inevitable unknowns) can be influenced by condition of the home and property, area similarities (meaning, if your comps have granite counters, then your flip needs to have granite counters), and budget.But, what do I really need to know?  

., don't use 2x4 framing in places where you need R-20 insulation) -- this reduces your need for expensive insulation solutions.Also as Karen and others have said, buy materials that are decent but can be had inexpensively -- ceramic tile, carpet, less desirable granite slabs, etc.

Don't worry........these same people refuse to have granite because it's radioactive.We have new homes going in against a large power line right of way & they are selling quickly.The funny thing is one home had what looks like Al foil on the windows facing the wires.

They have to work to survive so they need affordable housing, they dont need granite counter tops or stainless steel appliances!

Things like using granite remnants and refininshing recovered hardwood.This is the first house I have owned, any tax things i should know?

They are fugal and aren't going to be allured into paying the top of the market because the kitchen has granite and cute little pendant lights over the island.3) Someone that maybe just has a great JOB and even though they have accumulated that much cash they are not necessarily all that investment savvy and would be more likely to use that as a big downpayment on a $600-800K+ house.4) Someone who has so much money that $200K is a drop in the bucket and will buy a much more expensive home either with financing or a lot more cash.Part of my "bias" is that $200K is actually a lower end price point in MA.

Carpet was new when the tenant moved in 21 years ago.I'm putting in new kitchen cabinets, new granite countertops, all new flooring, carpet replaced with hickory, a new window, and refinishing the walls and ceilings.Over the years I replaced all the other windows, replaced the electrical service and totally re-wired the place and replaced all the plumbing.The plan is I'm going to be keeping the place and will raise the rent with the new improvements.