One of my IPs in inner east of ADL is looking pretty tired... It's 60s built house with 850sqm of land, renovated may be 20 years ago. It's still structurally sound but the kitchen especially is looking tired with wooden bench top, old sink. I painted the walls in kitchen last year due to previous tenants not maintaining it well enough with lots of oily grissy walls... Living areas and bedrooms are floor boards which are still ok... bedroom wardrobes are old but still usable i guess... Should I renovate it or not? It's renting out as $460 per week.... I'd probably going to hold on to it for another 5, 6 years. Should I just let it go wearing and tearing till it's unlivable and do a bulk renovation or is it wiser to do a little bit of light renovation every couple years? Keen to hear what other experienced landlords do? Also do you guys usually renovate before selling or sell as it is? What i have seen in reality is different than what agents told me. A few agents told me don't renovate, sell the land value so the buyers can do whatever they want with the block, i.e. renovate or knock it down. But almost all sales I came through, i found old block not selling better than renovated block. It seems like ADL buyers are more buying for own living so they want something new and don't mind paying premium for it. Many old blocks selling at "land value" didn't seem to impress me with the sold figure, in fact they looked pretty depressing.