Do I really want to remodel my house?

All right, I've mentioned this from time to time in my comments, but basically when I let my parents stay at my house, ostensibly to keep an eye on me, they wound up cluttering the place. There are a bunch of repairs that need to be done on it, and the wiring is just old and not intended for modern standards - the kitchen breaker goes out if someone runs a TV in the dining room at the same time as the dishwasher, for instance.

So my initial plan was to refurbish the place. Repaint the walls, rebuild the kitchen, it should be like a couple months, right?

( Well, had a contractor in today to talk about it... )

So what I'm currently faced with is a choice between these alternatives:

1. Scale back my plans drastically but go ahead with the remodeling. Stuff like faux marble walls or Venetian plaster go out the window. Fresh coat of paint, do what's needed but no more. I'll still be dealing with a wretched floor plan. Probably take 4-6 months to finish.

2. Demolish the house, build a new one with a more awesome floor plan. It will probably look a lot nicer. We could be looking at a year to be done.

3. Buy a new house, sell this one. Property taxes go up about 25% plus I go through the hassle of refinancing, but I don't have to do any remodeling, just furnish the new house, and I can move in nearly immediately.

I'm going to evaluate my options over the coming weeks. As some of you know, I am a misercat so I hate spending money... But my current house is falling apart visibly. And if I'm going to get significant repairs, why not go a little farther and make it look nice?

Oy! Decisions, decisions.