A fresh coat of paint is the easiest way to make a house feel new again. The great thing about painting is that everyone can do it and it's such a rewarding job.
Replacing the existing flooring is another way to make your property feel brand new.
RENOVATION TIP: This is one part of the DIY renovation process that you should contract somebody to do it. The professionals do such a quick, good and cheap job that it's hard to make an argument for doing it yourself. To save some money you can by and supply the contractor the tiles / marble floor finishes.
Bathroom & Kitchen
These two rooms are very important when it comes to renovating your investment property. If you do have some money in your budget then the Bathroom; Kitchen are a pretty good place to spend it. How much work you do here is up to the individual but I would recommend trying to get both of these areas clean, modern and usable.
Replacing old Light fittings, door handles and cupboard fittings is a great DIY renovation idea. It is a very easy and cheap way to create a more 'modern feel' for your home.
RENOVATION TIP: Look at the expensive designer brands and then find good quality imitations that are a quarter the price.
One full day in the garden and you can make a big difference to overall appearance of a house. Pull out some weeds, trim some branches, mow the lawns, sweep the driveway and suddenly your home is looking pretty good. You might be saying "Since when is sweeping the driveway considered DIY home renovation"? Well I don't care what you 'call it' - Gardening, DIY, Renovations, Cleaning - the fact is that putting a day or two's work into your garden will definitely make your house more attractive.
This might not be your first priority but it will drastically improve the first impressions that people have of your house. If your property is a weather board then a few coats of paint is a great idea .
Hopefully there is something here for everyone. So my answer to the question "how much work should I do on my investment property"? Do as much as you can whilst spending as little as possible. In the perfect world you would complete all the ideas that I have mentioned in about month and for under a budget of RM$20,000 (for a double storey link home). Is this a realistic DIY renovation goal? Yes I believe it is very achievable, especially if you (or someone you know) have a few 'handy man' skills. Remember that renovating you home property should be fun and exciting.