Earlier quoted context omitted.
I want to know too; having somewhat recently bought a house, and I've started to upgrade it. I can see $20,000 going really fast for simple things.
Indeed, I bought a "handyman's delight" (i.e. money pit) for $43k just outside Atlanta during the recession in 2009, and to get it to roughly the same condition as my neighbor's house, I'd have to spend another $40k. It's mostly cosmetic work that it needs, but there are some structural and functional issues that need to be addressed as well. We're still debating whether we should hold onto it and fix it up (it curre…
If you go look at the comparable homes in the area (similar square footage, no. of bathrooms & bedrooms, etc) and they're nicer but selling for $120K+ than your home can likely be made to turn a huge profit by fixing it up before you sell it.
Just make sure you only fix/improve things which a buyer would care about, and not get bogged down in your own niche requirements.