"Necessary upgrades" would not be Brazilian Cherry Hardwood Floors, Stainless Steel Appliances or Imported Granite Countertops. However, the removal of textured ceilings (asbestos), flooring that might be a hazard (cracked or uneven) would.
I hope you have retained an excellent buyer agent, because this is where we really are of great value to our clients.
A good Agent will know the current market conditions, the market value of the home you are looking at, compared to other similar homes, the neighborhood, and the potential of that property. Your agent will know something about construction also and be able to visualize that home with all the upgrades you might like to eventually add to it.
Your agent will also have an idea of what the seller is hoping to achieve in the sale of their property..thereby..helping to structure your offer in a way that not only does not insult the owner, but creates a win-win for everyone concerned.
If you need any assiatance let me know
First Team Real Estate