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Posted by dark_dave56 on June 18, 2021 at 03:18:39:
...renovations/improvements are hit and miss, in terms of "added-value". Major mechanicals--new roof, new windows, HVAC, etc, add value, but buyers are getting picky when it comes to new kitchens, baths, flooring, and other more "cosmetic" features. As long as it is liveable and functional, they'd rather pay (perhaps a little bit later), for what they want, rather than accept what you picked out and tacked onto the selling price.

Regardless, prices are through the roof, and there's not much available to choose from. People that already own homes aren't in any hurry to sell, and people that do want to sell are having a hard time finding a new existing home or facing obstacles for new construction.