In America the average home deteriorates and gets dated due to neglect, financial inability or Realtor, Loan Officer ignorance of the existence of Renovation Purchase from the mortgage professional.  The problem starts with mortgage pro who does not understand the power of Loan officer and Realtor teamwork to improve property today rather than 10 years later.  The most affordable time to renovate is at purchase but homeowners wishes and desires may allow improvement without equity and little or no savings on case by case basis early in ownership.