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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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