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I think it all comes down to the fine line between "maintaining" and "improving". We have happily improved our IPs between tenants by a quick repaint. I do the painting and am not working, so my time is not being taken from anything else. I would not want to pay a painter to freshen up a house...

In the scenario of a house updated 20 years ago compared to a similar property never touched, quite often a buyer will jump at the untouched one because they believe they are paying a premium for a renovation which they want to update again anyway. Not disagreeing with what you saying, but in...