Re: Is it worth it?
Sometimes it happens that a family is tired of their home and wants to move somewhere "new." But since their home is looking tired, they spend a lot of time & money to fix it up so they can sell it -- then realize they rather like their house now and decide to stay.
Having your house paid off and no other debts is a wonderful financial position to be in. At this point, you could sell your house for $1 and be money ahead. (Consider what you paid in down payment, principal, and interest to be "rent" over these past years.) If you remodel, you can "lose" money if the remodeling costs more than the increase in market value the remodeling supplies, but really, you will *still* make money on the deal because your cash-on-hand will be greater after the sale than it is now.
If you are committed to selling, any improvements you do should be to shorten the time your house is on the market; that is, to make it attractive to a greater number of buyers than it is now, not to increase the value. Time on market can be costly: insurance, utilities, and upkeep (and if someone did have a mortgage, interest payments) all take away from the financial benefit of selling the house.
The #1 most important "improvement" that helps a house sell quickly is cleanliness. Thankfully, it's also the least expensive. If the buyer doesn't have to do any work before moving in, it sweetens the pot that much more.
The "Senior Member" designation under my name doesn't mean I know a lot, it just means I talk a lot.I've been a DIYer since I was 12 (thanks, Dad!). I have read several books on various home improvement topics. I do not have any current code books I can refer to. I was an apprentice plumber for two years.