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 2336 WOODLAND DR in Vancouver.
Beautifully renovated character house on the sought after Woodland Dr. just off Commercial. Quiet street, 5 minute walk Skytrain station. Complete renovation throughout (with permits). Oak floors, Italian tiles with in-floor heating, custom lighting, alarm system with CCTV, over-sized crown mouldings, steam dishwasher, 225 sqft sunny deck, electric garage, professional landscaping, built in Bose ceiling speakers, air re-circulation system. New siding, windows, roof, hot water tank, heating system done in 2008. $13,000 drain tile completed 2013. Gorgeous open kitchen and living room, 3 spacious bedrooms and large bathroom. The ground floor features a newly renovated legal, two bedroom suite with in-suite washer/dryer. OPEN HOUSE THIS SAT/SUN 2-4pm
Read Full Story
Please visit our Open House at 2336 WOODLAND DR in Vancouver.
Open House on Saturday, November 18, 2017 2:00PM - 4:00PM
Beautifully renovated character house on the sought after Woodland Dr. just off Commercial. Quiet street, 5 minute walk Skytrain station. Complete renovation throughout (with permits). Oak floors, Italian tiles with in-floor heating, custom lighting, alarm system with CCTV, over-sized crown mouldings, steam dishwasher, 225 sqft sunny deck, electric garage, professional landscaping, built in Bose ceiling speakers, air re-circulation system. New siding, windows, roof, hot water tank, heating system done in 2008. $13,000 drain tile completed 2013. Gorgeous open kitchen and living room, 3 spacious bedrooms and large bathroom. The ground floor features a newly renovated legal, two bedroom suite with in-suite washer/dryer. OPEN HOUSE THIS SAT/SUN 2-4pm
Read Full Story
Please visit our Open House at 2336 WOODLAND DR in Vancouver.
Open House on Sunday, November 19, 2017 2:00PM - 4:00PM
Beautifully renovated character house on the sought after Woodland Dr. just off Commercial. Quiet street, 5 minute walk Skytrain station. Complete renovation throughout (with permits). Oak floors, Italian tiles with in-floor heating, custom lighting, alarm system with CCTV, over-sized crown mouldings, steam dishwasher, 225 sqft sunny deck, electric garage, professional landscaping, built in Bose ceiling speakers, air re-circulation system. New siding, windows, roof, hot water tank, heating system done in 2008. $13,000 drain tile completed 2013. Gorgeous open kitchen and living room, 3 spacious bedrooms and large bathroom. The ground floor features a newly renovated legal, two bedroom suite with in-suite washer/dryer. OPEN HOUSE THIS SAT/SUN 2-4pm
Read Full Story
I have listed a new property at 2336 WOODLAND DR in Vancouver.
Beautifully renovated character house on the sought after Woodland Dr. just off Commercial. Quiet street, 5 minute walk Skytrain station. Complete renovation throughout (with permits). Oak floors, Italian tiles with in-floor heating, custom lighting, alarm system with CCTV, oversized crown mouldings, steam dishwasher, 225 sqft sunny deck, electric garage, professional landscaping, built in Bose ceiling speakers, air recirculation system. New siding, windows, roof, hot water tank, heating system done in 2008. $13,000 drain tile completed 2013. Gorgeous open kitchen and living room, 3 spacious bedrooms and large bathroom. The ground floor features a newly renovated legal, two bedroom suite with in-suite washer/dryer.
Read Full Story
I have sold a property at 210 3811 HASTINGS ST in Burnaby.
Welcome to Mondeo!!! Burnaby boutique midrise concrete building, 1bed and den 725sqft, South facing with tons of natural light, Outstanding downtown skyline views, This unit comes with Bamboo hardwood floors, Gas range and large kitchen great for entertaining, Maple Shaker cabinets, Granite countertops, Breakfast bar, Stainless steel appliances, Kohler fixtures, Den has built-in cabinets, In-suite laundry, Awesome south facing 84sqft covered patio, 15 minutes from Downtown, 1 parking and locker, pets and rentals allowed, low strata $182.66, Open House this Sat & Sun, Oct 21 & 22, 2-4pm.
Read Full Story
I have listed a new property at 210 3811 HASTINGS ST in Burnaby.
Welcome to Mondeo!!! Burnaby boutique midrise concrete building, 1bed and den 714sqft, South facing with tons of natural light, Outstanding downtown skyline views, This unit comes with Bamboo hardwood floors, Gas range and large kitchen great for entertaining, Maple Shaker cabinets, Granite countertops, Breakfast bar, Stainless steel appliances, Kohler fixtures, Den has built-in cabinets, In-suite laundry, 15 minutes from Downtown, 1 parking and locker, pets and rentals allowed, low strata $182.66, Open House this Sat & Sun, Oct 21 & 22, 2-4pm.
Read Full Story
Please visit our Open House at 210 3811 HASTINGS ST in Burnaby.
Open House on Saturday, October 21, 2017 2:00PM - 4:00PM
Welcome to Mondeo!!! Burnaby boutique midrise concrete building, 1bed and den 714sqft, South facing with tons of natural light, Outstanding downtown skyline views, This unit comes with Bamboo hardwood floors, Gas range and large kitchen great for entertaining, Maple Shaker cabinets, Granite countertops, Breakfast bar, Stainless steel appliances, Kohler fixtures, Den has built-in cabinets, In-suite laundry, 15 minutes from Downtown, 1 parking and locker, pets and rentals allowed, low strata $182.66, Open House this Sat & Sun, Oct 21 & 22, 2-4pm.
Read Full Story
Please visit our Open House at 210 3811 HASTINGS ST in Burnaby.
Open House on Sunday, October 22, 2017 2:00PM - 4:00PM
Welcome to Mondeo!!! Burnaby boutique midrise concrete building, 1bed and den 714sqft, South facing with tons of natural light, Outstanding downtown skyline views, This unit comes with Bamboo hardwood floors, Gas range and large kitchen great for entertaining, Maple Shaker cabinets, Granite countertops, Breakfast bar, Stainless steel appliances, Kohler fixtures, Den has built-in cabinets, In-suite laundry, 15 minutes from Downtown, 1 parking and locker, pets and rentals allowed, low strata $182.66, Open House this Sat & Sun, Oct 21 & 22, 2-4pm.
Read Full Story
I have sold a property at 401 2983 CAMBRIDGE ST in Port Coquitlam.
Welcome to Cambridge Gardens, Rarely Available Top Floor Corner unit, 966 Sq ft, 2 bedrooms and 2 bathrooms, with 2 balconies, Two 4 piece full bathrooms, New Laminate flooring & freshly painted in Kitchen/Living/Dining room, French doors off the Master bedroom opens to a large balcony with great Mountain Views, Open Style Kitchen with tons of cabinetry and storage, larger living and dining room area easily fits large furniture, Master large enough to fit a king bed with walk-in closet and en-suite 4 pieces, Unit comes with Storage locker & 1 parking stall, Great location in the heart of Poco conveniently located to shopping, transit, dining, no rentals or dogs allowed.
Read Full Story
I have sold a property at 21 1708 KING GEORGE BLVD in Surrey.
Welcome to the George! This 3 bed 2.5baths townhouse comes with a kitchen that features Quartz countertops, stainless steel appliances, and soft close cabinetry. The open-concept kitchen is the perfect place to create and entertain, with smart design details throughout these spacious interiors, European inspired bath and powder room, interiors designed by award winning Gannon Ross Designs. The main floor features 9-foot ceilings and dark Havana Laminte flooring throughout, pre-wired for entertainment speakers, alarm, and central vac, hard-wired smoke detector, the master bedroom en-suite has spa-like finishes with Quartz counters, spacious shower with seamless glass door and elegant pendant light. Still under warranty.
Read Full Story
I have listed a new property at 401 2983 CAMBRIDGE ST in Port Coquitlam.
Welcome to Cambridge Gardens, Rarely Available Top Floor Corner unit, 966 Sq ft, 2 bedrooms and 2 bathrooms, with 2 balconies, Two 4 piece full bathrooms, New Laminate flooring & freshly painted in Kitchen/Living/Dining room, French doors off the Master bedroom opens to a large balcony with great Mountain Views, Open Style Kitchen with tons of cabinetry and storage, larger living and dining room area easily fits large furniture, Master large enough to fit a king bed with walk-in closet and en-suite 4 pieces, Unit comes with Storage locker & 1 parking stall, Great location in the heart of Poco conveniently located to shopping, transit, dining, no rentals or dogs allowed. All First Showings at Open House Sept 2nd & 3rd Sat/Sun 2-4pm.
Read Full Story
Please visit our Open House at 401 2983 CAMBRIDGE ST in Port Coquitlam.
Open House on Saturday, September 2, 2017 2:00PM - 4:00PM
Welcome to Cambridge Gardens, Rarely Available Top Floor Corner unit, 966 Sq ft, 2 bedrooms and 2 bathrooms, with 2 balconies, Two 4 piece full bathrooms, New Laminate flooring & freshly painted in Kitchen/Living/Dining room, French doors off the Master bedroom opens to a large balcony with great Mountain Views, Open Style Kitchen with tons of cabinetry and storage, larger living and dining room area easily fits large furniture, Master large enough to fit a king bed with walk-in closet and en-suite 4 pieces, Unit comes with Storage locker & 1 parking stall, Great location in the heart of Poco conveniently located to shopping, transit, dining, no rentals or dogs allowed. All First Showings at Open House Sept 2nd & 3rd Sat/Sun 2-4pm.
Read Full Story
Please visit our Open House at 401 2983 CAMBRIDGE ST in Port Coquitlam.
Open House on Sunday, September 3, 2017 2:00PM - 4:00PM
Welcome to Cambridge Gardens, Rarely Available Top Floor Corner unit, 966 Sq ft, 2 bedrooms and 2 bathrooms, with 2 balconies, Two 4 piece full bathrooms, New Laminate flooring & freshly painted in Kitchen/Living/Dining room, French doors off the Master bedroom opens to a large balcony with great Mountain Views, Open Style Kitchen with tons of cabinetry and storage, larger living and dining room area easily fits large furniture, Master large enough to fit a king bed with walk-in closet and en-suite 4 pieces, Unit comes with Storage locker & 1 parking stall, Great location in the heart of Poco conveniently located to shopping, transit, dining, no rentals or dogs allowed. All First Showings at Open House Sept 2nd & 3rd Sat/Sun 2-4pm.
Read Full Story
I have listed a new property at 21 1708 KING GEORGE BLVD in Surrey.
Welcome to the George! This 3 bed 2.5baths townhouse comes with a kitchen that features Quartz countertops, stainless steel appliances, and soft close cabinetry. The open-concept kitchen is the perfect place to create and entertain, with smart design details throughout these spacious interiors, European inspired bath and powder room, interiors designed by award winning Gannon Ross Designs. The main floor features 9-foot ceilings and dark Havana Laminte flooring throughout, pre-wired for entertainment speakers, alarm, and central vac, hard-wired smoke detector, CO monitor and sprinkler system, the master bedroom en-suite has spa-like finishes with Quartz counters, spacious shower with seamless glass door and elegant pendant light.
Read Full Story
Please visit our Open House at 21 1708 KING GEORGE BLVD in Surrey.
Open House on Thursday, August 17, 2017 5:00PM - 7:00PM
Welcome to the George! This 3 bed 2.5baths townhouse comes with a kitchen that features Quartz countertops, stainless steel appliances, and soft close cabinetry. The open-concept kitchen is the perfect place to create and entertain, with smart design details throughout these spacious interiors, European inspired bath and powder room, interiors designed by award winning Gannon Ross Designs. The main floor features 9-foot ceilings and dark Havana Laminte flooring throughout, pre-wired for entertainment speakers, alarm, and central vac, hard-wired smoke detector, CO monitor and sprinkler system, the master bedroom en-suite has spa-like finishes with Quartz counters, spacious shower with seamless glass door and elegant pendant light.
Read Full Story
Please visit our Open House at 21 1708 KING GEORGE BLVD in Surrey.
Open House on Saturday, August 19, 2017 2:00PM - 4:00PM
Welcome to the George! This 3 bed 2.5baths townhouse comes with a kitchen that features Quartz countertops, stainless steel appliances, and soft close cabinetry. The open-concept kitchen is the perfect place to create and entertain, with smart design details throughout these spacious interiors, European inspired bath and powder room, interiors designed by award winning Gannon Ross Designs. The main floor features 9-foot ceilings and dark Havana Laminte flooring throughout, pre-wired for entertainment speakers, alarm, and central vac, hard-wired smoke detector, CO monitor and sprinkler system, the master bedroom en-suite has spa-like finishes with Quartz counters, spacious shower with seamless glass door and elegant pendant light.
Read Full Story
Please visit our Open House at 21 1708 KING GEORGE BLVD in Surrey.
Open House on Sunday, August 20, 2017 2:00PM - 4:00PM
Welcome to the George! This 3 bed 2.5baths townhouse comes with a kitchen that features Quartz countertops, stainless steel appliances, and soft close cabinetry. The open-concept kitchen is the perfect place to create and entertain, with smart design details throughout these spacious interiors, European inspired bath and powder room, interiors designed by award winning Gannon Ross Designs. The main floor features 9-foot ceilings and dark Havana Laminte flooring throughout, pre-wired for entertainment speakers, alarm, and central vac, hard-wired smoke detector, CO monitor and sprinkler system, the master bedroom en-suite has spa-like finishes with Quartz counters, spacious shower with seamless glass door and elegant pendant light.
Read Full Story
Please visit our Open House at 2336 WOODLAND DR in Vancouver.
Open House on Saturday, July 22, 2017 2:00PM - 4:00PM
Beautifully renovated character house on the sought after Woodland Dr. just off Commercial. Quiet street, 5 minute walk Skytrain station. Complete renovation throughout (with permits). Oak floors, Italian tiles with in-floor heating, custom lighting, alarm system with CCTV, oversized crown moldings, steam dishwasher, 225 sqft sunny deck, electric garage, professional landscaping, built in Bose ceiling speakers, air re-circulation system. New siding, windows, roof, hot water tank, heating system done in 2008. $13,000 drain tile completed 2013. Gorgeous open kitchen and living room, 3 spacious bedrooms and large bathroom. The ground floor features a newly renovated legal, two bedroom suite with in-suit washer/dryer. Open house July 22nd Sat 2-4pm
Read Full Story
I have listed a new property at 2336 WOODLAND DR in Vancouver.
Beautifully renovated character house on the sought after Woodland Dr. just off Commercial. Quiet street, 5 minute walk Skytrain station. Complete renovation throughout (with permits). Oak floors, Italian tiles with in-floor heating, custom lighting, alarm system with CCTV, oversized crown mouldings, steam dishwasher, 225 sqft sunny deck, electric garage, professional landscaping, built in Bose ceiling speakers, air recirculation system. New siding, windows, roof, hot water tank, heating system done in 2008. $13,000 drain tile completed 2013. Gorgeous open kitchen and living room, 3 spacious bedrooms and large bathroom. The ground floor features a newly renovated legal, two bedroom suite with in-suit washer/dryer. OPEN SAT/SUN. VIDEO https://vimeo.com/1930071
Read Full Story
Please visit our Open House at 2336 WOODLAND DR in Vancouver.
Open House on Saturday, July 15, 2017 2:00PM - 4:00PM
Beautifully renovated character house on the sought after Woodland Dr. just off Commercial. Quiet street, 5 minute walk Skytrain station. Complete renovation throughout (with permits). Oak floors, Italian tiles with in-floor heating, custom lighting, alarm system with CCTV, oversized crown mouldings, steam dishwasher, 225 sqft sunny deck, electric garage, professional landscaping, built in Bose ceiling speakers, air recirculation system. New siding, windows, roof, hot water tank, heating system done in 2008. $13,000 drain tile completed 2013. Gorgeous open kitchen and living room, 3 spacious bedrooms and large bathroom. The ground floor features a newly renovated legal, two bedroom suite with in-suit washer/dryer. OPEN SAT/SUN. VIDEO https://vimeo.com/1930071
Read Full Story