[c#] Raise an event whenever a property's value changed?

There is a property, it's named ImageFullPath1

public string ImageFullPath1 {get; set; }

I'm going fire an event whenever its value changed. I am aware of changing INotifyPropertyChanged, but I want to do it with events.

public event EventHandler ImageFullPath1Changed;

public string ImageFullPath1
{
    get
    {
        // insert getter logic
    }
    set
    {
        // insert setter logic       

        // EDIT -- this example is not thread safe -- do not use in production code
        if (ImageFullPath1Changed != null && value != _backingField)
            ImageFullPath1Changed(this, new EventArgs(/*whatever*/);
    }
}                        

That said, I completely agree with Ryan. This scenario is precisely why INotifyPropertyChanged exists.

If you change your property to use a backing field (instead of an automatic property), you can do the following:

public event EventHandler ImageFullPath1Changed;
private string _imageFullPath1 = string.Empty;

public string ImageFullPath1 
{
  get
  {
    return imageFullPath1 ;
  }
  set
  {
    if (_imageFullPath1 != value)
    { 
      _imageFullPath1 = value;

      EventHandler handler = ImageFullPathChanged;
      if (handler != null)
        handler(this, e);
    }
  }
}

I use largely the same patterns as Aaronaught, but if you have a lot of properties it could be nice to use a little generic method magic to make your code a little more DRY

public class TheClass : INotifyPropertyChanged {
    private int _property1;
    private string _property2;
    private double _property3;

    protected virtual void OnPropertyChanged(PropertyChangedEventArgs e) {
        PropertyChangedEventHandler handler = PropertyChanged;
        if(handler != null) {
            handler(this, e);
        }
    }

    protected void SetPropertyField<T>(string propertyName, ref T field, T newValue) {
        if(!EqualityComparer<T>.Default.Equals(field, newValue)) {
            field = newValue;
            OnPropertyChanged(new PropertyChangedEventArgs(propertyName));
        }
    }

    public int Property1 {
        get { return _property1; }
        set { SetPropertyField("Property1", ref _property1, value); }
    }
    public string Property2 {
        get { return _property2; }
        set { SetPropertyField("Property2", ref _property2, value); }
    }
    public double Property3 {
        get { return _property3; }
        set { SetPropertyField("Property3", ref _property3, value); }
    }

    #region INotifyPropertyChanged Members

    public event PropertyChangedEventHandler PropertyChanged;

    #endregion
}

Usually I also make the OnPropertyChanged method virtual to allow sub-classes to override it to catch property changes.

Raising an event when a property changes is precisely what INotifyPropertyChanged does. There's one required member to implement INotifyPropertyChanged and that is the PropertyChanged event. Anything you implemented yourself would probably be identical to that implementation, so there's no advantage to not using it.