As seniors, I presume you and DH are on fixed income. Before taking any action, I suggest you get 3, written estimates of the repair work needed for plumbing, electrical and flooring.
I suggest you set a modest amount aside for Emergencies, I doubt your fixed income would suddenly disappear. Credit card debt is dangerous for anyone on fixed income since they [the lender] can change the terms and conditions. Recently they lowered credit limits putting many people in financial jeopardy. Now they are raising interest rates as high as 25% when the Fed is the lowest in generations.
Don't invest in anything you don't understand. Anything you can add to savings whether a regular a/c or Money Market or Muni Bond can provide a financial cushion, should you need it.
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