My small 2 bed, 1 bath home in Victoria, circa 1948, sits on a lot of just over 5000 sq. ft. It has double glazed windows, a roof under 10 years old, updated baseboard heating, and a freshly-painted exterior. But frankly the interior is a good many years behind the times cosmetically and could do with updating to the bathroom, kitchen and flooring. I could afford to put $15-$20k into upgrades, but that would not allow for all of the work to be done.
But lately I've seen a lot of smaller homes in my community being torn down and replaced with large two-storey new builds.
So my question is: In a scenario like this, is it advisable to do some updating before selling or just list as is?