Remodeling can be a worthwhile investment, but you must weigh the costs against the eventual gains.  Many times buyers are looking for properties that are  ready to move into with out having to update or renovate anything, especially second homeowners. It is not uncommon for buyers to choose an updated  condo or home, even if it means paying a little more, to avoid the headache and hassle.  If , as a seller, you do decide to go through with renovations before putting your house on the market, there are a few very important things to keep in mind. 

1. Kitchens and bathrooms are the areas that you will see the most return for your money.
2. Don't over-do it!  You should always stick to a budget, and it is crucial to be wise about how and what you are spending your money on.  If you spend a lot of money on high end finishes, you may not see all of the return.  If it is in a luxurious house, doing that is fine, but not necessarily in a one bedroom condo; be wise.
3. Don't do anything that is too taste specific or theme oriented, it will turn many buyers off because they will not be able to envision themselves living there.
4. Any structural issues must be dealt with before putting your house on the market because they are bound to break a deal when it comes to inspection time!