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 3201 908 QUAYSIDE DR in New Westminster.
Open House on Sunday, November 24, 2019 2:00PM - 4:00PM
VIEW! VIEW! VIEW! Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown. ***OPENHOUSE THIS SUNDAY NOV 24th 2-4PM***
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Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Sunday, October 27, 2019 1:00PM - 3:00PM
VIEW! VIEW! VIEW! Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown.***OPEN HOUSE THIS SUNDAY OCT 27TH 1-3PM***
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Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Sunday, October 20, 2019 2:00PM - 4:00PM
VIEW! VIEW! VIEW! Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown. ****OPEN HOUSE THIS SUNDAY OCT 20th 2-4PM****
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Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Saturday, October 5, 2019 3:00PM - 4:00PM
VIEW! VIEW! VIEW! Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown. OPEN HOUSE THIS OCT 5th 3-4pm & SUNDAY Oct 6th 2-4pm.
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Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Sunday, October 6, 2019 2:00PM - 4:00PM
VIEW! VIEW! VIEW! Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown. OPEN HOUSE THIS SEPT 29th SUNDAY 2-4pm.
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I have listed a new property at 3201 908 QUAYSIDE DR in New Westminster.
VIEW! VIEW! VIEW! Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown. OPEN HOUSE THIS SEPT 29th SUNDAY 2-4pm.
Read full post

Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Sunday, September 29, 2019 2:00PM - 4:00PM
VIEW! VIEW! VIEW! Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown. OPEN HOUSE THIS SEPT 29th SUNDAY 2-4pm.
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Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Saturday, September 14, 2019 2:00PM - 4:00PM
Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown. OPEN HOUSE THIS SATURDAY SEPT 14th 2-4pm. Vancouver. OPENHOUSE THIS SUNDAY SEPT 8th 2-4PM!!!!!!
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Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Sunday, September 8, 2019 2:00PM - 4:00PM
Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths plus den is 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown Vancouver. OPENHOUSE THIS SUNDAY SEPT 8th 2-4PM!!!!!!
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Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Saturday, August 31, 2019 12:00PM - 1:30PM
Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown Vancouver. Open House this Sat Aug 24th 2-4pm & Sunday, Aug 25th 2-4pm.
Read full post

Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Saturday, August 24, 2019 2:00PM - 4:00PM
Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown Vancouver. Open House this Sat Aug 24th 2-4pm & Sunday, Aug 25th 2-4pm.
Read full post

Please visit our Open House at 3201 908 QUAYSIDE DR in New Westminster.
Open House on Sunday, August 25, 2019 2:00PM - 4:00PM
Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown Vancouver. Open House this Sat Aug 24th 2-4pm & Sunday, Aug 25th 2-4pm.
Read full post

I have listed a new property at 3201 908 QUAYSIDE DR in New Westminster.
Welcome to Riversky 1 by Bosa! This Gorgeous brand new sub-penthouse built by one of the most sought out developers in Western Canada, introducing their exclusive "Sky-collection". This rare 1 of 4 sub-penthouses is the only corner unit that boasts fully unobstructed East and South views of the water and mountains! This unit is a 2 bedroom and 2 baths 1100 Sqft that has 2 patios totaling 333 sqft and faces directly to the water. Fully Air-conditioned. Amenities include a full-time concierge, fully equipped gym, yoga studio, and Skytrain within steps. 20-25 minutes to downtown Vancouver. Open House this Sat Aug 24th 2-4pm & Sunday, Aug 25th 2-4pm.
Read full post

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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