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 201 6480 194 ST in Surrey.
Welcome to Waterstone! Resort-style living with a luxury feel in the city! This 2 bed 2 bath 1081 Sqft with loads of updates, Granite counter-tops, premium quality cabinetry, upgraded fireplace with custom stonework, upgraded full Kitchen Aid appliance package, heated bathroom floors, laundry room with custom cabinetry, built-in closet organizers, all new custom lighting, central vacuum, 8'10 ceilings throughout, large 139 sqft covered balcony with Southern garden views. 15,000 sqft amenities include 60' indoor pool, hot-tub, steam room, sauna, guest suite, 17 seat theater room, fireside lounge with deluxe gourmet kitchen and care taker. Comes with 2 parking & 2 lockers. Proposed future Skytrain blocks away.
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Please visit our Open House at 201 6480 194 ST in Surrey.
Open House on Saturday, June 29, 2019 2:00PM - 4:00PM
Welcome to Waterstone! Resort-style living with a luxury feel in the city! This 2 bed 2 bath 1081 Sqft with loads of updates, Granite counter-tops, premium quality cabinetry, upgraded fireplace with custom stonework, upgraded full Kitchen Aid appliance package, heated bathroom floors, laundry room with custom cabinetry, built-in closet organizers, all new custom lighting, central vacuum, 8'10 ceilings throughout, large 139 sqft covered balcony with Southern garden views. 15,000 sqft amenities include 60' indoor pool, hot-tub, steam room, sauna, guest suite, 17 seat theater room, fireside lounge with deluxe gourmet kitchen and care taker. Comes with 2 parking & 2 lockers. Proposed future Skytrain blocks away. *****Openhouse this Saturday June 29th 2-4pm*****
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Please visit our Open House at 201 6480 194 ST in Surrey.
Open House on Sunday, June 23, 2019 2:00PM - 4:00PM
Welcome to Waterstone! Resort-style living with a luxury feel in the city! This 2 bed 2 bath 1081 Sqft with loads of updates, Granite counter-tops, premium quality cabinetry, upgraded fireplace with custom stonework, upgraded full Kitchen Aid appliance package, heated bathroom floors, laundry room with custom cabinetry, built-in closet organizers, all new custom lighting, central vacuum, 8'10 ceilings throughout, large 139 sqft covered balcony with Southern garden views. 15,000 sqft amenities include 60' indoor pool, hot-tub, steam room, sauna, guest suite, 17 seat theater room, fireside lounge with deluxe gourmet kitchen and care taker. Comes with 2 parking & 2 lockers. Proposed future Skytrain blocks away. *****Openhouse this Sunday June 23rd 2-4pm*****
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I have listed a new property at 201 6480 194 ST in Surrey.
Welcome to Waterstone! Resort-style living with a luxury feel in the city! This 2 bed 2 bath 1081 Sqft with loads of updates, Granite counter-tops, premium quality cabinetry, upgraded fireplace with custom stonework, upgraded full Kitchen Aid appliance package, heated bathroom floors, laundry room with custom cabinetry, built-in closet organizers, all new custom lighting, central vacuum, 8'10 ceilings throughout, large 139 sqft covered balcony with Southern garden views. 15,000 sqft amenities include 60' indoor pool, hot-tub, steam room, sauna, guest suite, 17 seat theater room, fireside lounge with deluxe gourmet kitchen and care taker. Comes with 2 parking & 2 lockers. Proposed future Skytrain blocks away. Openhouse this Sat June 15th 2-4pm & Sun June 16th 2-4pm.
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Please visit our Open House at 201 6480 194 ST in Surrey.
Open House on Saturday, June 15, 2019 2:00PM - 4:00PM
Welcome to Waterstone! Resort-style living with a luxury feel in the city! This 2 bed 2 bath 1081 Sqft with loads of updates, Granite counter-tops, premium quality cabinetry, upgraded fireplace with custom stonework, upgraded full Kitchen Aid appliance package, heated bathroom floors, laundry room with custom cabinetry, built-in closet organizers, all new custom lighting, central vacuum, 8'10 ceilings throughout, large 139 sqft covered balcony with Southern garden views. 15,000 sqft amenities include 60' indoor pool, hot-tub, steam room, sauna, guest suite, 17 seat theater room, fireside lounge with deluxe gourmet kitchen and care taker. Comes with 2 parking & 2 lockers. Proposed future Skytrain blocks away. Openhouse this Sat June 15th 2-4pm & Sun June 16th 2-4pm.
Read full post

Please visit our Open House at 201 6480 194 ST in Surrey.
Open House on Sunday, June 16, 2019 2:00PM - 4:00PM
Welcome to Waterstone! Resort-style living with a luxury feel in the city! This 2 bed 2 bath 1081 Sqft with loads of updates, Granite counter-tops, premium quality cabinetry, upgraded fireplace with custom stonework, upgraded full Kitchen Aid appliance package, heated bathroom floors, laundry room with custom cabinetry, built-in closet organizers, all new custom lighting, central vacuum, 8'10 ceilings throughout, large 139 sqft covered balcony with Southern garden views. 15,000 sqft amenities include 60' indoor pool, hot-tub, steam room, sauna, guest suite, 17 seat theater room, fireside lounge with deluxe gourmet kitchen and care taker. Comes with 2 parking & 2 lockers. Proposed future Skytrain blocks away. Openhouse this Sat June 15th 2-4pm & Sun June 16th 2-4pm.
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I have sold a property at 2801 988 QUAYSIDE DR in New Westminster.
Welcome to Riversky 2 by Bosa! This gorgeous brand new penthouse built by one of the most prestigious developers in Western Canada, introduces their exclusive "Skycollection". This rare 1 of 3 Penthouses is 1145 Sqft. 240° degrees South/West/North views with floor to ceiling windows. This unit is 3 bedroom 2 bath that boosts spectacular panoramic views of the Fraser River and the city, plus an impressive and sun drenched South facing 550 sqft patio with access right off the living room and kitchen, that overlooks the Fraser River and the city, su ,Full A/C, amenities include a full time concierge, fully equipped gym, yoga studio, and Skytrain within steps, 25 minutes to downtown Vancouver. **Openhouse May 25th Sat 2-4, Sun May 26th 12-1:30pm**
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Please visit our Open House at 2801 988 QUAYSIDE DR in New Westminster.
Open House on Saturday, May 25, 2019 2:00PM - 4:00PM
Welcome to Riversky 2 by Bosa! This gorgeous brand new penthouse built by one of the most prestigious developers in Western Canada, introduces their exclusive "Skycollection". This rare 1 of 3 Penthouses is 1145 Sqft. 240° degrees South/West/North views with floor to ceiling windows. This unit is 3 bedroom 2 bath that boosts spectacular panoramic views of the Fraser River and the city, plus an impressive and sun drenched South facing 550 sqft patio with access right off the living room and kitchen, that overlooks the Fraser River and the city, su ,Full A/C, amenities include a full time concierge, fully equipped gym, yoga studio, and Skytrain within steps, 25 minutes to downtown Vancouver. **Openhouse May 25th Sat 2-4, Sun May 26th 12-1:30pm**
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Please visit our Open House at 2801 988 QUAYSIDE DR in New Westminster.
Open House on Sunday, May 26, 2019 12:00PM - 1:30PM
Welcome to Riversky 2 by Bosa! This gorgeous brand new penthouse built by one of the most prestigious developers in Western Canada, introduces their exclusive "Skycollection". This rare 1 of 3 Penthouses is 1145 Sqft. 240° degrees South/West/North views with floor to ceiling windows. This unit is 3 bedroom 2 bath that boosts spectacular panoramic views of the Fraser River and the city, plus an impressive and sun drenched South facing 550 sqft patio with access right off the living room and kitchen, that overlooks the Fraser River and the city, su ,Full A/C, amenities include a full time concierge, fully equipped gym, yoga studio, and Skytrain within steps, 25 minutes to downtown Vancouver. **Openhouse May 25th Sat 2-4, Sun May 26th 12-1:30pm**
Read full post

I have listed a new property at 2801 988 QUAYSIDE DR in New Westminster.
Welcome to Riversky 2 by Bosa! This gorgeous brand new penthouse built by one of the most prestigious developers in Western Canada, introduces their exclusive "Skycollection". This rare 1 of 3 Penthouses is 1145 Sqft. 240° degrees South/West/North views with floor to ceiling windows. This unit is 3 bedroom 2 bath that boosts spectacular panoramic views of the Fraser River and the city, plus an impressive and sun drenched South facing 550 sqft patio with access right off the living room and kitchen, that overlooks the Fraser River and the city, sure to be amazing for hosting your summer dinners. 10 foot ceilings, Full A/C, amenities include a full time concierge, fully equipped gym, yoga studio, and Skytrain within steps, 25 minutes to downtown Vancouver, Openhouse this Sun May 19th 2-4pm.
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Please visit our Open House at 2801 988 QUAYSIDE DR in New Westminster.
Open House on Sunday, May 19, 2019 2:00PM - 4:00PM
Welcome to Riversky 2 by Bosa! This gorgeous brand new penthouse built by one of the most prestigious developers in Western Canada, introduces their exclusive "Skycollection". This rare 1 of 3 Penthouses is 1145 Sqft. 240° degrees South/West/North views with floor to ceiling windows. This unit is 3 bedroom 2 bath that boosts spectacular panoramic views of the Fraser River and the city, plus an impressive and sun drenched South facing 550 sqft patio with access right off the living room and kitchen, that overlooks the Fraser River and the city, sure to be amazing for hosting your summer dinners. 10 foot ceilings, Full A/C, amenities include a full time concierge, fully equipped gym, yoga studio, and Skytrain within steps, 25 minutes to downtown Vancouver, Openhouse this Sun May 19th 2-4pm.
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I have sold a property at 308 19721 64 AVE in Langley.
Welcome to Westside estates! Amazing opportunity to own 2 bedrooms, 2 baths, top floor penthouse with vaulted ceilings with lots of updates, including new gas fireplace with mantle and stonework, updated flooring throughout the main living area, new counter tops in kitchen, new dishwasher plus sink and faucet. Both bathrooms have been recently renovated. The building is super well-maintained. Comes with 2 parking and storage locker which are conveniently located on the same floor for easy access. Bonus!! Gas and hot water included in strata maintenance fees. This building is also a walker's paradise, with Earls and Sammy J's, Real Canadian Super Store, transit and Willowbrook Mall steps away!!! Pets allowed.
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I have listed a new property at 308 19721 64 AVE in Langley.
Welcome to Westside estates! Amazing opportunity to own 2 bedrooms, 2 baths, top floor penthouse with vaulted ceilings with lots of updates, including new gas fireplace with mantle and stonework, updated flooring throughout the main living area, new counter tops in kitchen, new dishwasher plus sink and faucet. Both bathrooms have been recently renovated. The building is super well-maintained. Comes with 2 parking and storage locker which are conveniently located on the same floor for easy access. Bonus!! Gas and hot water included in strata maintenance fees. This building is also a walker's paradise, with Earls and Sammy J's, Real Canadian Super Store, transit and Willowbrook Mall steps away!!! Pets allowed. Open House this Sunday, April 14 2-4pm.
Read full post

Please visit our Open House at 308 19721 64 AVE in Langley.
Open House on Sunday, April 14, 2019 2:00PM - 4:00PM
Welcome to Westside estates! Amazing opportunity to own 2 bedrooms, 2 baths, top floor penthouse with vaulted ceilings with lots of updates, including new gas fireplace with mantle and stonework, updated flooring throughout the main living area, new counter tops in kitchen, new dishwasher plus sink and faucet. Both bathrooms have been recently renovated. The building is super well-maintained. Comes with 2 parking and storage locker which are conveniently located on the same floor for easy access. Bonus!! Gas and hot water included in strata maintenance fees. This building is also a walker's paradise, with Earls and Sammy J's, Real Canadian Super Store, transit and Willowbrook Mall steps away!!! Pets allowed. Open House this Sunday, April 14 2-4pm.
Read full post

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.
Read full post

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.
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. 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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