Upgrades for best return

[Mike S.]

I'm a buy and hold investor normally, but I just got an offer accepted for a HUD property that I think I may want to flip.

The house was built in 1968 and the previous owner made a half assed attempt at upgrading the home.  Any way, I will be putting in new flooring, paint entire home, fix and complete attempted remodel of master bath, paint cabinets either white or black with new granite countertops.

What other upgrades should I be considering to maximize value? Accepted offer price was $119000, and with the right touches, I should be looking at an ARV of $220,000-$260,000. I plan on doing most of the work myself, so I'm budgeting $10,000-$15,000 for the repairs.