I'd vote for new house if all the attendant issues of that can be resolved. Everybody should enjoy the cleanness and freshness and novelty of a new house at least once in their lives. You're basically building a new one by major renovations at the old house, and with a new house you can include all the plumbing, heating/air, electrical and insulation features you've wished you had in the old house.
I have a situation similar to yours; my daughter and I are swapping houses. She's moving into the new house I built 18 years ago, and I'm moving into a two bedroom up the hill that I bought her last year and totally remodeled--pretty much like new. It's just me now, and the little house will suit me fine. We're about the same age, so let's spend our last years in comfort.
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Today's Featured Article - Memories of a Farmall C - by Monty Bradley. When I was a child, my grandparents lived on a farm owned by a Mr. Walters. The crops raised were cotton and soybeans, with about forty head of mixed breed cattle. Mr. Walters owned two tractors then. A Farmall 300 on gasoline and a Farmall C, that had once belonged to his father-in-law, and had been converted from gasoline to LP Gas. Many times, as a small boy, I would cross the fence behind the house my grandparents lived in and walk down the turn row to where granddaddy would be cultivati
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