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.

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.
Read full post

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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Please visit our Open House at 307 345 WATER ST in Vancouver.
Open House on Sunday, July 15, 2018 2:00PM - 4:00PM
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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I have sold a property at 69 14838 61 AVE in Surrey.
Welcome to Sequoia! This 3 bed 2 bath, w/ Bonus Powder Room on Main, 1378 sqft townhouse, in one of the best locations in Panorama! Perfectly located off a quiet cul-de-sac and walking distance to local schools and parks. Open concept main floor, modern interiors boasting 9' ceilings, kitchen features Granite counters, extra-height kitchen cabinets, S/S appliances & entertainment sized balcony off the kitchen, laminate flooring throughout, w/ upgraded fireplace in the living room. Master features a built-in closet and spa-like ensuite with his/hers sinks w/separate shower. Double tandem garage w/storage and fenced rear yard. Pets w/Res & Rentals allowed, Measurement appx buyer to verify.
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Please visit our Open House at 307 345 WATER ST in Vancouver.
Open House on Saturday, June 30, 2018 2:00PM - 4:00PM
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. ***Openhouses this Sat June 30th 2-4pm & Sunday July 1st 2-4pm.***
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Please visit our Open House at 307 345 WATER ST in Vancouver.
Open House on Sunday, July 1, 2018 2:00PM - 4:00PM
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. ***Openhouses this Sat June 30th 2-4pm & Sunday July 1st 2-4pm.***
Read full post

I have listed a new property at 307 345 WATER ST in Vancouver.
Welcome to Greenshields! 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, front loader washer and dryer. Steps to downtown, amenities & seawall. Larger in-suite storage room, 1 underground secured parking stall. Open House this Saturday June 16th & Sunday June 17th 2-4pm
Read full post

Please visit our Open House at 307 345 WATER ST in Vancouver.
Open House on Saturday, June 16, 2018 2:00PM - 4:00PM
Welcome to Greenshields! 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, front loader washer and dryer. Steps to downtown, amenities & seawall. Larger in-suite storage room, 1 underground secured parking stall. Open House this Saturday June 16th & Sunday June 17th 2-4pm
Read full post

Please visit our Open House at 307 345 WATER ST in Vancouver.
Open House on Sunday, June 17, 2018 2:00PM - 4:00PM
Welcome to Greenshields! 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, front loader washer and dryer. Steps to downtown, amenities & seawall. Larger in-suite storage room, 1 underground secured parking stall. Open House this Saturday June 16th & Sunday June 17th 2-4pm
Read full post

I have listed a new property at 69 14838 61 AVE in Surrey.
Welcome to Sequoia! This 3 bed 2 bath, w/ Bonus Powder Room on Main, 1378 sqft townhouse, in one of the best locations in Panorama! Perfectly located off a quiet cul-de-sac and walking distance to local schools and parks. Open concept main floor, modern interiors boasting 9' ceilings, kitchen features Granite counters, extra-height kitchen cabinets, S/S appliances & entertainment sized balcony off the kitchen, laminate flooring throughout, w/ upgraded fireplace in the living room. Master features a built-in closet and spa-like ensuite with his/hers sinks w/separate shower. Double tandem garage w/storage and fenced rear yard. Pets w/Res & Rentals allowed, Openhouses Thurs 6pm 7:30pm Sat/Sun 2-4pm.
Read full post

Please visit our Open House at 69 14838 61 AVE in Surrey.
Open House on Thursday, May 31, 2018 6:00PM - 7:30PM
Welcome to Sequoia! This 3 bed 2 bath, w/ Bonus Powder Room on Main, 1378 sqft townhouse, in one of the best locations in Panorama! Perfectly located off a quiet cul-de-sac and walking distance to local schools and parks. Open concept main floor, modern interiors boasting 9' ceilings, kitchen features Granite counters, extra-height kitchen cabinets, S/S appliances & entertainment sized balcony off the kitchen, laminate flooring throughout, w/ upgraded fireplace in the living room. Master features a built-in closet and spa-like ensuite with his/hers sinks w/separate shower. Double tandem garage w/storage and fenced rear yard. Pets w/Res & Rentals allowed, Openhouses Thurs 6pm 7:30pm Sat/Sun 2-4pm.
Read full post

Please visit our Open House at 69 14838 61 AVE in Surrey.
Open House on Saturday, June 2, 2018 2:00PM - 4:00PM
Welcome to Sequoia! This 3 bed 2 bath, w/ Bonus Powder Room on Main, 1378 sqft townhouse, in one of the best locations in Panorama! Perfectly located off a quiet cul-de-sac and walking distance to local schools and parks. Open concept main floor, modern interiors boasting 9' ceilings, kitchen features Granite counters, extra-height kitchen cabinets, S/S appliances & entertainment sized balcony off the kitchen, laminate flooring throughout, w/ upgraded fireplace in the living room. Master features a built-in closet and spa-like ensuite with his/hers sinks w/separate shower. Double tandem garage w/storage and fenced rear yard. Pets w/Res & Rentals allowed, Openhouses Thurs 6pm 7:30pm Sat/Sun 2-4pm.
Read full post