+1 on that not being a fixer upper. You are nuts. You'll update and in 10 years it will be "old" again. Is your wife watching the home remodeling shows? That has cost a lot of my buddies a lot of unnecessary money.
Don't get me wrong, if something is getting old and dilapidated, I remodel it, but if it is still clean and functional it only gets cosmetic refresh with new fixtures, paint etc. All the latest trends will look old again and the more "modern" the look the faster it will happen.
Coming from CA I have to ask, why are there so many homes for sale? It looks like half the town is for sale, 2600+ homes for sale in a town with a population of 20k!? Seems like a tough market to sell and even buy, because the selection is so large.
Good Luck with the "project"!
G