To answer your other question, about updating... it depends. If you price your home knowing that it needs updating, you will attract buyers interested in a lower price and updating themselves. On the other hand, if you update and price higher (since you did put the money into it), there is no guarantee that 1) the prospective buyer will like your choices and 2) the buyer will "reinburse" you for the money you put into it. If you are going to live in your home for another 10 years and would enjoy your updates, then I'd say absolutely, go for it. More than likely, the mechanicals will fail and need replacing in those 10 years. But if you are not going to sell soon, there is no reason to "fix what's not broken."
Hope that helps.
Michelle Price, ABR, CRS, CHMS