Regardless, for a long term purchase, timing is going to affect your potential profits more than anything else. A down market is a great time to buy, and an up market is a great time to sell, if you can follow that, you'll be fine no matter what you do.
Never "hope" anything justifies...get some real prices for a house that needs renovations...don't guess at anything. If anything, you want to renovate kitchens, bathrooms and make the living room have a speccial touch.
Get the average priced faucet...especially Delta's. At the end of the day, people don't buy a house because of a facuet.