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 sold a property at 1003 1331 ALBERNI ST in Vancouver.
Welcome to "The Lions"! This 409 sqft bachelor/studio facing North, overlooking beautiful water and North shore Mountains. Practical layout & open concept add to the feeling of spaciousness. Perfect rental or Pied-a-terre for your weekends in the city. Excellent location in the heart of Vancouver, blocks from Stanley Park, Coal Harbor seawall, English Bay and restaurants like Cardero’s or The Keg, just to name a few! Comes with in-suite storage & laundry, amenities include a well-equipped 3000 sqft fitness center with free weights and sauna, entertainment lounge, guest suites, theater and 24-hour concierge. Pets and Rentals allowed, also comes with 1 parking and 1 storage locker. Openhouse Sunday is Cancelled
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I have sold a property at 401 233 KINGSWAY in Vancouver.
One of the most desired neighbors in all of Vancouver! Mount Pleasant!!!! This beautiful 2 year old 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. Comes with a storage locker. This is the coveted Mt Pleasant location steps to transit, shopping, restaurants, breweries ***INVESTORS NOTE RENTALS AND PETS ALLOWED*** Amenities includes a 2-level courtyard with fire pit, & green space as well as a party/amenity room, Unit is only 2 years old with the balance of the 2-5-10 Warranty for problem free living.
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Please visit our Open House at 1003 1331 ALBERNI ST in Vancouver.
Open House on Sunday, January 27, 2019 2:00PM - 4:00PM
Welcome to "The Lions"! This 409 sqft bachelor/studio facing North, overlooking beautiful water and North shore Mountains. Practical layout & open concept add to the feeling of spaciousness. Perfect rental or Pied-a-terre for your weekends in the city. Excellent location in the heart of Vancouver, blocks from Stanley Park, Coal Harbor seawall, English Bay and restaurants like Cardero’s or The Keg, just to name a few! Comes with in-suite storage & laundry, amenities include a well-equipped 3000 sqft fitness center with free weights and sauna, entertainment lounge, guest suites, theater and 24-hour concierge. Pets and Rentals allowed, also comes with 1 parking and 1 storage locker. Openhouse Sunday January 27th 2-4pm.
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I have listed a new property at 1003 1331 ALBERNI ST in Vancouver.
Welcome to "The Lions"! This 409 sqft bachelor/studio facing North, overlooking beautiful water and North shore Mountains. Practical layout & open concept add to the feeling of spaciousness. Perfect rental or Pied-a-terre for your weekends in the city. Excellent location in the heart of Vancouver, blocks from Stanley Park, Coal Harbor seawall, English Bay and restaurants like Cardero’s or The Keg, just to name a few! Comes with in-suite storage & laundry, amenities include a well-equipped 3000 sqft fitness center with free weights and sauna, entertainment lounge, guest suites, theater and 24-hour concierge. Pets and Rentals allowed, also comes with 1 parking and 1 storage locker. Openhouse Jan 19th Sat 2-4pm.
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Please visit our Open House at 1003 1331 ALBERNI ST in Vancouver.
Open House on Saturday, January 19, 2019 2:00PM - 4:00PM
Welcome to "The Lions"! This 409 sqft bachelor/studio facing North, overlooking beautiful water and North shore Mountains. Practical layout & open concept add to the feeling of spaciousness. Perfect rental or Pied-a-terre for your weekends in the city. Excellent location in the heart of Vancouver, blocks from Stanley Park, Coal Harbor seawall, English Bay and restaurants like Cardero’s or The Keg, just to name a few! Comes with in-suite storage & laundry, amenities include a well-equipped 3000 sqft fitness center with free weights and sauna, entertainment lounge, guest suites, theater and 24-hour concierge. Pets and Rentals allowed, also comes with 1 parking and 1 storage locker. Openhouse Jan 19th Sat 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. 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! Amenities includes a 2-level courtyard with fire pit, & green space as well as a party/amenity room, Unit is only 2 years old with the balance of the 2-5-10 Warranty for problem free living. ***Open House Jan 13th Sunday 2-4pm***
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Please visit our Open House at 401 233 KINGSWAY in Vancouver.
Open House on Sunday, January 13, 2019 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. 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! Amenities includes a 2-level courtyard with fire pit, & green space as well as a party/amenity room, Unit is only 2 years old with the balance of the 2-5-10 Warranty for problem free living. ***Open House Jan 13th Sunday 2-4pm***
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I have sold a 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.
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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.
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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.
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 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.
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, 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.
Read full post

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.
Read full post
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