The best thing you can do is talk to at least 3 well known local realtors and have them do an assessment for what you could list it for today AS IS. Then see what those numbers are and how that factors into wether you stay or go.

I agree with the above comment. You need more info.

I've done a complete interior updating like you are thinking about before. It's basically what flippers do. I did all my own work except for carpeting. I am not a pro but have a lot of past experience. Here is the breakdown of the one that mostly resembles yours:

Best guess gross value of home "as is" - $220-$230k according to my research and my agents expertise.

Cost of materials for complete update (all labor my own except carpet installation) $24k

Net sale proceeds after real estate commission and closing costs - $260k.

The house sold in 1 day. There were multiple offers. It doesnt appear I made that much money but that is a matter of perspective. By my reckoning my 24k investment returned 40k. How do you value "sold in one day?"

If I had hired out all the labor the numbers wouldn't have worked.

Sort of similar situation for us.

Our house was built in 1952, unusual house, called a 'California Ranch' by the Realtors. Contemporary for the period. We bought in in 71 and updated the kitchen, paint, etc. Nothing big.

Master bath was also tiny. Small shower, single sink. House had 3 full baths and 2 1/2 baths.

We lived there for 40 yrs. Had done many improvements over the years but when we decided to sell, we knew we had to do some updates.

We had a contractor we used for years. He had a good eye and we worked together to do some small updates which would look good. The biggest problems were the old bathrooms but he made suggestions and I shopped for items to add and he'd install.

One bathroom had a green tub. I called a bathtub refinisher who made the tub white. Looked perfect. Replaced the green toilet with white (this was in the finished basement which was above ground and had a bed/bath. I hit stone places for remnants of granite and marble. Looked for floor models for vanities. Bought them, the granite and marble was fantastic because they were on the floor models so already cut.

Contractor painted the oak cabinets in kitchen white. I ordered new hardware on line. Painted our fireplace brick, white.

Yes, it cost alot, but not nearly what it would have been to gut all those bathrooms. I also replaced any ceiling fixtures with inexpensive Lowes lights. House looked great, neat, clean and updated enough. We had beautiful oak floors which I had refinished and those floors really sold the house.

We got multiple offers and sold for $50,000 more than list.

Jane

Did I understand it correctly that there is a 1st floor master. Does it have a good size shower and does it work well. If so it is not likely that you'll see much money in improving the second floor master. It would either be used by a kid or temporarily by parents with young children who would move downstairs later. The only case where I can see it matter more if the buyer needs two masters where one would be for them and the other for aging parents.

Anything that is a defect should be fixed - drywall tape, squeaks, messed up flooring, damaged sink cabinet etc. Fixing it may not give you much return for the cost to fix, but if not fixed you will loose money as buyers will deduct from your price to fix it and they will always estimate high to deduct as they don't want to be out money to fix it.

Re-doing the kitchen and flooring may or may not give you a good return. This really depends on the area you are in and this is where talking to several realtors would be beneficial about what you do.

For example the kitchen could be as simple as replacing counters, backsplash, and the damaged cabinet, to an in between of painting the cabinets and maybe replace an upper and lower cabinet with a pantry cabinet or go full out with tearing it all out and replacing everything. The latter is not likely to net much in return unless you're in a really hot market, but it also depends on what you're able to do yourself vs. what the costs would be for someone to do it. However the latter would likely be preferable if you wanted to stay.

Having the same flooring everywhere is generally a plus vs. it being all chopped up. I think vinyl or engineered wood would be ok with most buyers in most of the US, but I think there are a few areas where wood is expected. Again realtors could help with that.

Basement I wouldn't do anything to and leave it unfinished and remove the "floating carpet" unless you're in an area where a finished basement counts as full square footage for bank appraisal purposes. Then depending on costs it might be worth it. However if it is partially finished and it clearly shows something has been repaired and not fixed then it sort of falls into the fix it category.

So really the best idea would be to get estimates for fixing things, talk to realtors, and do what you need to do to decide if you would be staying or not.