Selling your home can be both exciting and overwhelming, especially if you’re 65 or older. You want to get the best price for your property without overspending on unnecessary fixes or exhausting yourself with renovations. The good news? Small, strategic upgrades can make a big difference—while some expensive projects won’t give you a good return.

For many individuals and families, the question of whether to rent or own a home is a defining moment in their financial and personal...