Depending on the housing market and individual potential, real estate agents sometimes recommend more permanent improvements than just a coat of paint, decluttering and some hired furniture. Dated kitchens and bathrooms, stained carpets and disintegrating pergolas are just a few areas that can alienate a lot of prospective buyers.
For properties at the higher end of the market, it can be worth completely renovating a bathroom or kitchen for that high end look, while properties at the lower to middle sections of the market can also improve their appeal through less costly improvements. It's all about finding the balance between perceived worth and future investment possibilities.
In the example of the Ringwood property showcased here - the almost 40 year old property was still functional but looking decidedly tired and showing its age. It sat in a wonderful location, but in its original state, was more likely to attract developers than a family willing to invest for the future of the house itself. A combination of cosmetic repairs, cabinetry overhauls and carpet removal brought it into the 21st century and made it almost literally a million dollar property.