Investing in home improvements
Alright, so I graduate in May, and I'll be living in a condo in Charlotte that my parents own (but don't live at). They paid around $50k about 4 years ago (doesn't feel like it's been that long). It's just under 900 sq ft, 2 BR/2 BA. HOA dues are currently $150, but should go down soon.
The HOA is being mismanaged (I'm thinking of taking it over when I graduate, the lady running it is skimming we're pretty sure, nobody likes her, I'd easily get the job if I wanted, plus it pays $5k/year and free HOA).
It's in a not so great part of town, but getting better. The police drive through a lot and keep things under control. Only a few gunshots occasionally. Still a pretty poor area, right across the street from some government housing.
So, now that you've got the backstory, I'm wondering if it's worth investing in improvements to the condo.
The main things I'm considering are dishwasher and oven/range. I'm planning to live in the condo another 3 years or so (until I get enough money for a townhouse or home, or nice condo downtown) , and after that we might rent it out for some income for my parents.
The dishwasher sucks (doesn't really clean much) and the range/oven is POS. I like to cook, and the range really kills me. I might go with an induction range, since I can't do gas.
Will these improve resale/rental value much at all, or is it solely because I want better stuff to use?