You should definitely prepare your home before you put it on the market. This may include spending money on needed repairs or maintenance. A Buyer is going to get a home inspection done before purchasing, so you will want to address any known issues before placing it on the market. Also, updating/remodeling your property is always a good idea if it is “stuck in time”. However, you will not get 100% (dollar for dollar) back. The most important areas that tend to sell homes are kitchens, bathrooms & outdoor living space. Also know, you will most likely only see 50% – 75% ROI. However, if you update, your property will most likely appeal to a much larger pool of Buyers, which increases the likelihood you will sell faster and for perhaps higher than “average” or for more than another property that is not updated.