It all depends how much you will have in the bank once the work is done. If it is a penny less than £20,000, keep it.
As soon as a house is done up, it will start deteriorating, in a few years, you may need to redecorate, replace the boiler, buy a new fridge. You may need a buggy, or a slope to make the house accessible or a stair lift.
Only 1 person in 10 goes into care, and that amount again need care in the home. Looking around I have family and friends who have gone into care and some have had carers, but most have stayed successfully living independently in their own homes, possible with a fortnightly cleaner or gardener before dying from an acute illness in less than a year, or even overnight.
So make your will assuming that you will live in your 'little house' until the end and be able to bequeath to your children their share of the proceeds of selling it.
