What do we think about utility rooms?

Yesterday, I installed a single panel of peg board in our utility room (I love my drill!), so that we could justify the collection of tools that wound up in the house over the winter...

I desperately want to patch, mud, tape, sand, prime and paint the utility room...to make it look pretty.

Am I crazy?  After all, its just a utility room - right?  Tell me, if we put our house on the market tomorrow...would a pretty utility room make any difference to you, as a potential buyer?? (we aren't selling - don't worry)

Boring Photo but... I USED POWER TOOLS ON MY OWN

I want to make every last inch of the utility room work for me....I put up some 1x4's and then installed some hooks...sounds easy and it was!

This week I hope to find time to start the shelves that will go on the other side of the room...