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Renovate or Relocate Riddle

You loved your home when you bought it. But your circumstances have changed - your family has grown or you need to take care of an aging relative. You need a bigger house.

You loved your home when you bought it. But your circumstances have changed - your family has grown or you need to take care of an aging relative. You need a bigger house. But does it make more sense to renovate or relocate?

Should you spend $200,000 to add more living area to an existing house or is it more cost-effective to sell and move to a larger house?

We asked Ron Bickford, builder and president of Rob-Ron Developments, Tony Joe, a real estate salesman with Re/Max Camosun and homeowners who have had to make that decision.