I feel like there is a problem with equipment right now : you buy yourself a piece of gear with awesome bonuses, it costs you maybe 2000 gold, you are super happy when you put it on, and then ... 2 levels later (which is relatively fast), every pieces you find, even the crapiest ones, have a better level and much better physical & magical armour than the one you have.
Your armor's bonuses are still as nice as before, but its phys/magic armour make it quite obsolete.

Wouldn't it be great if we could, using anvil (+ maybe some other ingredients), upgrade the level of a piece of equipment to match the player's, improving its physical & magical armour.
Or maybe "player's level minus one" or something, so that gear of merchants still have better armour, and player is still encouraged to look at their stuff.