Our townhouse was a short sale, and that process can be grueling! We were very fortunate to have had only a 4 month timeline, as opposed to the 8 - 12 months it sometimes takes. I'll write more about the short sale process some other time...
Built in the 1980s, the overall space wasn't bad, but the kitchen and baths were very dated. Some other details had been more recently renovated (popcorn ceilings removed, can lights installed, etc.) which saved us a ton of time and money. The conditions were definitely livable, but we knew if we ever wanted to do big renos it would easier to do them all at once, at the beginning, while we're not living there--if at all possible. So, we went for it!
There were some questionable decor choices, like the plasticky-bright cherry red laminate floors in the main living space, that we couldn't wait to rip out. I promise it looks cleaner and nicer in pictures--everything was pretty grungy in person...and so many shades of beige. Yikes.
We love the open downstairs layout, it's prime for entertaining. And we have a powder room/laundry room on the main floor--yippee!
The kitchen reno is a whole saga unto itself. Here it is in its untouched glory. Luckily we inherited these appliances, so that was a nice bonus.