Spend savings on improvements to current house or toward the next house?

[Mich2005]

We bought a doer upper 3 bed end terraced house about 5 years ago that was at the top of our budget at the time at 325k. We have been saving diligently and have accumulated about 30k towards new electric board, kitchen, bathroom, front windows and front garden, which all need updating. However now that we have reached this point I am ready to move on to a slight bigger house and hesitant to spend all of the money and associated building works headache on the current house.

In the current market, the house will sell for around 425k and having a new electric board, bathroom, kitchen etc. seem unlikely to impact price that much. Are we making a big mistake to spend about 2-3k on fresh paint, lights and flooring instead of 30k on new electric board, kitchen, bathroom, etc.? It’s definitely not our forever home and I ideally want to be out of here in 12-24 months.

The one thing I am thinking may add value is fully paving the front garden so that it has capacity for 2 cars instead of 1 car.

How much would you suggest spending on current house and where should we focus our efforts?

I might update the electricity board, but wouldn't bother with kitchen or bathroom as the buyers might like a different style.

I would do nothing and sell as is. When we sold our last house which we had done work to we re-painted, but it wasn't worth doing and our buyer redid it anyway. All it did was mean that we put it on the market later than we could have done and lost a good few weekends doing something which didn't add value.