The first house we're excited about

Last week, a brand new Shortsale emerged.  It's listed for under 100k.  It's 1400 square feet. It has a detached garage (one car but looks like it has storage space to the side).  It doesn't have too big of a yard and in the Northwest, with the rain, we don't really need that.  Most importantly, it's in a neighborhood that is amazing!  The house across the street is almost new.  You drive around the corner about 10 blocks, a state of the art elementary school is there.  This area has the best schools. It would be incredible to live in that area.  I also think that this house might have the best potential for re-sale in 10+ years.  Most importantly, we'd be able to afford the payments for this house and still hopefully update it and bring it to the 21st century.

This house is a cape-cod-ish bungalow.  There are no pictures of the inside.  The plan is to walk through on Friday.  We'll let you know how it goes.  I'm expecting a "fixer" but it will be interesting to find out what that means.

How would you update the outside of this house?  I need ideas.