Casey Reynolds

Cell 778-892-3717 | creynoldsrealty@gmail.com

How Much of a New Home Can You Afford?

 

If you’re thinking of shopping for a new home, one of the first considerations
is price range. You want to know what you can reasonably afford.
How do you figure that out?
First of all, you need to determine the initial out-of-pocket costs you will
need to cover. There are often more costs associated with purchasing a
home than its actual price. You need to take into account such additional
expenses as moving costs, legal fees, and a home inspection, not to
mention the costs of prepping your current property for sale.
Experts say you should budget 5-10% above the purchase price for these
items. So if you can afford to spend $470K on a new home, you should be
shopping in the $425-445K range.
Another factor to consider are the potential proceeds from the sale of your
current home. Your REALTOR® can help you determine how much your
property will likely sell for in today’s market. Any existing mortgage will need
to be subtracted from that amount to determine how much cash will be left.
Of course, you should speak to a mortgage broker or lender who can
compute how much of a mortgage you qualify for. Remember, qualifying for
a big mortgage doesn’t necessarily mean you should have one. You also
need to consider your personal finances and desired lifestyle – and whether
or not having a large mortgage is a good idea for you.
Once you have gathered all of your information, you can add any potential
sale proceeds to the amount of mortgage you qualify for, add other sources
of cash available for this purpose and subtract 5-10% for initial expenses,
and you’ll have an idea of the price range you should be considering.
Finally, it’s important to take the time to decide what kind of home you want.
Do you want a large backyard with trees? A quiet, family-oriented
neighbourhood? Four bedrooms and a finished basement? Once you
decide what you want most in a new home, it becomes much easier to find
one that’s in your price range.

I have listed a new property at 313 6480 195A ST in Surrey.
Welcome to SALIX in Clayton Heights! This Rarely available 1 bedroom 590sqft south facing unit is in immaculate condition. Stainless steel appliances, stone counter-tops, soft closing cabinetry with under-lighting and generous pantry, wide plank laminate flooring, 9 ft ceilings, large walkout covered patio, full size front load washer and dryer, huge living room windows, peek-a-boo views of Mt Baker. Amenities include lounge, gym, bike storage and guest suite for out of town guests, lots of underground visitor parking. BONUS!!!!! 2 parking stalls with huge 4ft by 8ft secure garage-style storage lockers. Within walking distance to Willowbrook Mall, restaurants. Rentals and Pets allowed. OPEN HOUSE SUN NOV 4th 2-4PM.
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Please visit our Open House at 313 6480 195A ST in Surrey.
Open House on Sunday, November 4, 2018 2:00PM - 4:00PM
Welcome to SALIX in Clayton Heights! This Rarely available 1 bedroom 590sqft south facing unit is in immaculate condition. Stainless steel appliances, stone counter-tops, soft closing cabinetry with under-lighting and generous pantry, wide plank laminate flooring, 9 ft ceilings, large walkout covered patio, full size front load washer and dryer, huge living room windows, peek-a-boo views of Mt Baker. Amenities include lounge, gym, bike storage and guest suite for out of town guests, lots of underground visitor parking. BONUS!!!!! 2 parking stalls with huge 4ft by 8ft secure garage-style storage lockers. Within walking distance to Willowbrook Mall, restaurants. Rentals and Pets allowed. OPEN HOUSE SUN NOV 4th 2-4PM.
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I have listed a new property at 401 233 KINGSWAY in Vancouver.
Vya by Portliving is located in the heart of Mt Pleasant. This beautiful studio unit is a spacious 509sqft with enclosed balcony/solarium with a potential for office space. Full size Stainless Steel Fisher & Paykel & KitchenAid appliances. Quartz counters and gorgeous engineered hardwood floor. Vya includes two rooftop terraces, Bbq Area and an adjacent amenity room. Comes with a storage locker. This is the perfect Mt Pleasant location steps to transit, shopping, restaurants, breweries & everything Main street has to offer. Pets and Rentals welcome!
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Please visit our Open House at 401 233 KINGSWAY in Vancouver.
Open House on Sunday, October 14, 2018 2:00PM - 4:00PM
Vya by Portliving is located in the heart of Mt Pleasant. This beautiful studio unit is a spacious 509sqft with enclosed balcony/solarium with a potential for office space. Full size Stainless Steel Fisher & Paykel & KitchenAid appliances. Quartz counters and gorgeous engineered hardwood floor. Vya includes two rooftop terraces, Bbq Area and an adjacent amenity room. Comes with a storage locker. This is the perfect Mt Pleasant location steps to transit, shopping, restaurants, breweries & everything Main street has to offer. Pets and Rentals welcome! OPEN HOUSE OCT 14 SUN 2-4pm.
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Please visit our Open House at 3429 GEORGIA ST E in Vancouver.
Open House on Sunday, October 14, 2018 2:00PM - 4:00PM
WELCOME TO 3429 E GEORGIA - This beautifully & extensively renovated east side home is the PERFECT starter home. Why pay for a condo when you can get a 1754 SQFT 2-level extensively updated home w/ a mortgage helper that’s centrally located to all of East Village’s amenities? Easy access to Hwy 1, Second Narrow Bridge, DT and North Vancouver are all within 10 minutes drive. This 2- level home has been updated with a huge 2013 renovation: brand new appliances, dishwashers, kitchen sink, laundry machines, new stain on Oak hardwood floors. Basement reno includes new floors. Basement features a 2-bed 1 bath suite as a great mortgage helper.Come check it out in person this weekend on Sep 29/30 to see how this could be perfect for the growing family w/ a fully fenced yard. Open Oct 6, 11am-1pm.
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I have listed a new property at 401 233 KINGSWAY in Vancouver.
Vya by Portliving is located in the heart of Mt Pleasant. This beautiful studio unit is a spacious 509sqft with enclosed balcony/solarium with a potential for office space. Full size Stainless Steel Fisher & Paykel & KitchenAid appliances. Quartz counters and gorgeous engineered hardwood floor. Vya includes two rooftop terraces, Bbq Area and an adjacent amenity room. Comes with a storage locker. This is the perfect Mt Pleasant location steps to transit, shopping, restaurants, breweries & everything Main street has to offer. Pets and Rentals welcome!
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Please visit our Open House at 3429 GEORGIA ST E in Vancouver.
Open House on Saturday, October 6, 2018 11:00AM - 1:00PM
WELCOME TO 3429 E GEORGIA - This beautifully & extensively renovated east side home is the PERFECT starter home. Why pay for a condo when you can get a 1754 SQFT 2-level extensively updated home w/ a mortgage helper that’s centrally located to all of East Village’s amenities? Easy access to Hwy 1, Second Narrow Bridge, DT and North Vancouver are all within 10 minutes drive. This 2- level home has been updated with a huge 2013 renovation: brand new appliances, dishwashers, kitchen sink, laundry machines, new stain on Oak hardwood floors. Basement reno includes new floors. Basement features a 2-bed 1 bath suite as a great mortgage helper.Come check it out in person this weekend on Sep 29/30 to see how this could be perfect for the growing family w/ a fully fenced yard. Open Oct 6, 11am-1pm.
Read full post

I have listed a new property at 401 233 KINGSWAY in Vancouver.
Vya by Portliving is located in the heart of Mt Pleasant. This beautiful studio unit is a spacious 509sqft with enclosed balcony/solarium with a potential for office space. Full size Stainless Steel Fisher & Paykel & KitchenAid appliances. Quartz counters and gorgeous engineered hardwood floor. Vya includes two rooftop terraces, Bbq Area and an adjacent amenity room. Comes with a storage locker. This is the perfect Mt Pleasant location steps to transit, shopping, restaurants, breweries & everything Main street has to offer. Pets and Rentals welcome!
Read full post

Please visit our Open House at 3429 GEORGIA ST E in Vancouver.
Open House on Saturday, September 29, 2018 1:00PM - 3:00PM
WELCOME TO 3429 E GEORGIA - This beautifully & extensively renovated east side home is the PERFECT starter home. Why pay for a condo when you can get a 1754 SQFT 2-level extensively updated home w/ a mortgage helper that’s centrally located to all of East Village’s amenities? Easy access to Hwy 1, Second Narrow Bridge, Downtown and North Vancouver are all within 10 minutes drive. This 2- level home has been updated with a huge 2013 renovation: brand new appliances, dishwashers, kitchen sink, laundry machines, new stain on Oak hardwood floors. Basement reno includes new floors. Basement features a 2-bed 1 bath suite as a great mortgage helper.Come check it out in person this weekend on Sep 29/30 to see how this could be perfect for the growing family with a fully fenced yard.
Read full post

Please visit our Open House at 3429 GEORGIA ST E in Vancouver.
Open House on Sunday, September 30, 2018 2:00PM - 4:00PM
WELCOME TO 3429 E GEORGIA - This beautifully & extensively renovated east side home is the PERFECT starter home. Why pay for a condo when you can get a 1754 SQFT 2-level extensively updated home w/ a mortgage helper that’s centrally located to all of East Village’s amenities? Easy access to Hwy 1, Second Narrow Bridge, Downtown and North Vancouver are all within 10 minutes drive. This 2- level home has been updated with a huge 2013 renovation: brand new appliances, dishwashers, kitchen sink, laundry machines, new stain on Oak hardwood floors. Basement reno includes new floors. Basement features a 2-bed 1 bath suite as a great mortgage helper.Come check it out in person this weekend on Sep 29/30 to see how this could be perfect for the growing family with a fully fenced yard.
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Please visit our Open House at 3429 GEORGIA ST E in Vancouver.
Open House on Saturday, September 22, 2018 3:00PM - 5:00PM
WELCOME TO 3429 E GEORGIA - This beautifully & extensively renovated east side home is the PERFECT starter home. Why pay for a condo when you can get a 1754 SQFT 2-level extensively updated home w/ a mortgage helper that’s centrally located to all of East Village’s amenities? Easy access to Hwy 1, Second Narrow Bridge, Downtown and North Vancouver are all within 10 minutes drive. This 2- level home has been updated with a huge 2013 renovation: brand new appliances, dishwashers, kitchen sink, laundry machines, new stain on Oak hardwood floors. Basement reno includes new floors. Basement features a 2-bed 1 bath suite as a great mortgage helper.Come check it out in person this weekend on Sep 22/23 to see how this could be perfect for the growing family with a fully fenced yard.
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Please visit our Open House at 3429 GEORGIA ST E in Vancouver.
Open House on Sunday, September 23, 2018 2:00PM - 4:00PM
BEAUTIFULLY UPDATED EAST SIDE HOME - This beautifully and extensively updated East Side beauty is located just blocks from Hastings Community Park, Dr. A.R. Lord Elementary, all of East Village's amenities and only a 10-minute bike ride from downtown. This 1950s Vancouver Special has been updated with a 2013 renovation: brand new appliances, dishwashers, kitchen sink, laundry machines, spa-like washrooms, new stain on original hardwood, new basement flooring, and a full basement suite renovation including a brand new kitchen. Great layout for those love to host parties: the kitchen boasts an informal eating area which leads into a formal dining room for larger gatherings.
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I have listed a new property at 3429 GEORGIA ST E in Vancouver.
BEAUTIFULLY UPDATED EAST SIDE HOME - This beautifully and extensively updated East Side beauty is located just blocks from Hastings Community Park, Dr. A.R. Lord Elementary, all of East Village's amenities and only a 10-minute bike ride from downtown. This 1950s Vancouver Special has been updated with a 2013 renovation: brand new appliances, dishwashers, kitchen sink, laundry machines, spa-like washrooms, new stain on original hardwood, new basement flooring, and a full basement suite renovation including a brand new kitchen. Great layout for those love to host parties: the kitchen boasts an informal eating area which leads into a formal dining room for larger gatherings.
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I have listed a new property at 205 21009 56 AVE in Langley.
Bright & beautiful 1 bedroom home plus den with open concept living room. Quality Built by Marcon homes, This 700 sqft home offers quartz counter tops, stainless steel appliances, ample amount of cabinets and laminate flooring throughout living room, Large south facing window with covered Patio, Bathroom is accessible from master bedroom, Full size front loading washer and dryer and large walk in closet in master bedroom. All within walking distance of Kwantlen College, Trinity Western University, Safeway, Easy access to Hwy 1, Hwy 10 and Fraser Hwy, Locker & 2 Parking spots, 2pets, Rentals allowed. OPEN HOUSE!!! THIS SATURDAY SEPT 8th 2-4pm.
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Please visit our Open House at 205 21009 56 AVE in Langley.
Open House on Saturday, September 8, 2018 2:00PM - 4:00PM
Bright & beautiful 1 bedroom home plus den with open concept living room. Quality Built by Marcon homes, This 700 sqft home offers quartz counter tops, stainless steel appliances, ample amount of cabinets and laminate flooring throughout living room, Large south facing window with covered Patio, Bathroom is accessible from master bedroom, Full size front loading washer and dryer and large walk in closet in master bedroom. All within walking distance of Kwantlen College, Trinity Western University, Safeway, Easy access to Hwy 1, Hwy 10 and Fraser Hwy, Locker & 2 Parking spots, 2pets, Rentals allowed. OPEN HOUSE!!! THIS SATURDAY SEPT 8th 2-4pm.
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I have listed a new property at 205 21009 56 AVE in Langley.
Bright & beautiful 1 bedroom home plus den with open concept living room. Quality Built by Marcon homes, This 700 sqft home offers quartz counter tops, stainless steel appliances, ample amount of cabinets and laminate flooring throughout living room, Large south facing window with covered Patio, Bathroom is accessible from master bedroom, Full size front loading washer and dryer and large walk in closet in master bedroom. All within walking distance of Kwantlen College, Trinity Western University, Safeway, Easy access to Hwy 1, Hwy 10 and Fraser Hwy, Locker & 2 Parking spots, additional spot was originally purchase for $7000, 2pets, Rentals allowed, Open House this Saturday and Sunday August 25th & 26th from 2-4pm.
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Please visit our Open House at 205 21009 56 AVE in Langley.
Open House on Saturday, August 25, 2018 2:00PM - 4:00PM
Bright & beautiful 1 bedroom home plus den with open concept living room. Quality Built by Marcon homes, This 700 sqft home offers quartz counter tops, stainless steel appliances, ample amount of cabinets and laminate flooring throughout living room, Large south facing window with covered Patio, Bathroom is accessible from master bedroom, Full size front loading washer and dryer and large walk in closet in master bedroom. All within walking distance of Kwantlen College, Trinity Western University, Safeway, Easy access to Hwy 1, Hwy 10 and Fraser Hwy, Locker & 2 Parking spots, additional spot was originally purchase for $7000, 2pets, Rentals allowed, Open House this Saturday and Sunday August 25th & 26th from 2-4pm.
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Please visit our Open House at 205 21009 56 AVE in Langley.
Open House on Sunday, August 26, 2018 2:00PM - 4:00PM
Bright & beautiful 1 bedroom home plus den with open concept living room. Quality Built by Marcon homes, This 700 sqft home offers quartz counter tops, stainless steel appliances, ample amount of cabinets and laminate flooring throughout living room, Large south facing window with covered Patio, Bathroom is accessible from master bedroom, Full size front loading washer and dryer and large walk in closet in master bedroom. All within walking distance of Kwantlen College, Trinity Western University, Safeway, Easy access to Hwy 1, Hwy 10 and Fraser Hwy, Locker & 2 Parking spots, additional spot was originally purchase for $7000, 2pets, Rentals allowed, Open House this Saturday and Sunday August 25th & 26th from 2-4pm.
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I have sold a property at 307 345 WATER ST in Vancouver.
Welcome to Greenshields! Super Rare WATER VIEW unit, last time a water view unit was available in the building was 5 years ago. This 1901 warehouse conversion four-story Boutique heritage 22 unit loft is located on the North side of Water St & in prime Gastown location right before the steam clock. This coveted one bedroom loft has spectacular North Shore Mountain and Burrard Inlet views. Refinished maple hardwood flooring throughout, original pressed tin ceilings and translucent mobile glass partitions. Open plan kitchen with stone counter tops and Kitchen Aid stainless steel appliances, high 11' foot ceilings, separate soaker tub and shower. Steps to downtown, amenities & seawall. 1 underground secured parking stall.
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I have listed a new property at 307 345 WATER ST in Vancouver.
Welcome to Greenshields! Super Rare WATER VIEW unit, last time a water view unit was available in the building was 5 years ago. This 1901 warehouse conversion four-story Boutique heritage 22 unit loft is located on the North side of Water St & in prime Gastown location right before the steam clock. This coveted one bedroom loft has spectacular North Shore Mountain and Burrard Inlet views. Refinished maple hardwood flooring throughout, original pressed tin ceilings and translucent mobile glass partitions. Open plan kitchen with stone counter tops and Kitchen Aid stainless steel appliances, high 11' foot ceilings, separate soaker tub and shower. Steps to downtown, amenities & seawall. 1 underground secured parking stall. Open House this Sunday July 15th 2-4pm
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