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 2336 WOODLAND DR in Vancouver.
Open House on Sunday, July 16, 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
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I have sold a property at 2701 1211 MELVILLE ST in Vancouver.
WELCOME TO THE RITZ - This 27th floor with 180 degree south east corner facing, 2 bedroom, 2 bath plus den, 853sqft, 9 ft ceilings, A/C, granite counter tops, S/S appliances, gas range, master bedroom has en suite, South facing patio, Electric fireplace in living room, The Ritz comes with first class amenities, heated indoor lap pool, sauna/steam room, Jacuzzi, full gym, party lounge. Luxury living at The Ritz with 24hr concierge, 3 high speed elevators. Pets and rentals allowed. Steps to seawall and Stanley Park, Immediate possession. Meas approx. Buyer to verify.
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I have sold a property at 115 13321 102A AVE in Surrey.
WELCOME TO AGENDA - This ground floor 417sqft Studio with patio, Tundra laminate hardwood flooring throughout, Kitchens have Hanstone fine quartz countertops, Under-mount sinks, contemporary cabinets in Hallarum brown eucalyptus, tile backsplash, Eldig 30' black ceramic cook-top stove, built-in stainless steel convection oven, Conveniently located within walking distance to Surrey Central City, SFU Campus, North Surrey Recreation Centre and a myriad of shopping centers and services, public transit within walking distance including skytrain, Professionally painted, Vacant - move in right away! This unit does not have parking.
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I have listed a new property at 2701 1211 MELVILLE ST in Vancouver.
WELCOME TO THE RITZ - This 27th floor with 180 degree south east corner facing, 2 bedroom, 2 bath plus den, 9 ft ceilings, A/C, granite counter tops, S/S appliances, gas range, master bedroom has en suite, South facing patio, Electric fireplace in living room, The Ritz comes with first class amenities, heated indoor lap pool, sauna/steam room, Jacuzzi, full gym, party lounge. Luxury living at The Ritz with 24hr concierge, 3 high speed elevators. Pets and rentals allowed. Steps to seawall and Stanley Park, Immediate possession. Meas approx. Buyer to verify. OPEN HOUSE Sat May 13th 2-4pm & Sun May 14th 1-3pm.
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Please visit our Open House at 2701 1211 MELVILLE ST in Vancouver.
Open House on Saturday, May 13, 2017 2:00PM - 4:00PM
WELCOME TO THE RITZ - This 27th floor with 180 degree south east corner facing, 2 bedroom, 2 bath plus den, 9 ft ceilings, A/C, granite counter tops, S/S appliances, gas range, master bedroom has en suite, South facing patio, Electric fireplace in living room, The Ritz comes with first class amenities, heated indoor lap pool, sauna/steam room, Jacuzzi, full gym, party lounge. Luxury living at The Ritz with 24hr concierge, 3 high speed elevators. Pets and rentals allowed. Steps to seawall and Stanley Park, Immediate possession. Meas approx. Buyer to verify. OPEN HOUSE Sat May 13th 2-4pm & Sun May 14th 1-3pm.
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Please visit our Open House at 2701 1211 MELVILLE ST in Vancouver.
Open House on Sunday, May 14, 2017 1:00PM - 3:00PM
WELCOME TO THE RITZ - This 27th floor with 180 degree south east corner facing, 2 bedroom, 2 bath plus den, 9 ft ceilings, A/C, granite counter tops, S/S appliances, gas range, master bedroom has en suite, South facing patio, Electric fireplace in living room, The Ritz comes with first class amenities, heated indoor lap pool, sauna/steam room, Jacuzzi, full gym, party lounge. Luxury living at The Ritz with 24hr concierge, 3 high speed elevators. Pets and rentals allowed. Steps to seawall and Stanley Park, Immediate possession. Meas approx. Buyer to verify. OPEN HOUSE Sat May 13th 2-4pm & Sun May 14th 1-3pm.
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Please visit our Open House at 115 13321 102A AVE in Surrey.
Open House on Saturday, April 15, 2017 1:00PM - 3:00PM
WELCOME TO AGENDA - This ground floor 417sqft Studio with patio, Tundra laminate hardwood flooring throughout, Kitchens have Hanstone fine quartz countertops, Under-mount sinks, contemporary cabinets in Hallarum brown eucalyptus, tile backsplash, Eldig 30' black ceramic cook-top stove, built-in stainless steel convection oven, Conveniently located within walking distance to Surrey Central City, SFU Campus, North Surrey Recreation Centre and a myriad of shopping centers and services, public transit within walking distance including skytrain, Professionally painted, Vacant - move in right away! First Open House Weds April 12th 5-7pm, then Open House Sat April 15th and Sun April 16th from 1-3pm both days. This unit does not have parking.
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Please visit our Open House at 115 13321 102A AVE in Surrey.
Open House on Sunday, April 16, 2017 1:00PM - 3:00PM
WELCOME TO AGENDA - This ground floor 417sqft Studio with patio, Tundra laminate hardwood flooring throughout, Kitchens have Hanstone fine quartz countertops, Under-mount sinks, contemporary cabinets in Hallarum brown eucalyptus, tile backsplash, Eldig 30' black ceramic cook-top stove, built-in stainless steel convection oven, Conveniently located within walking distance to Surrey Central City, SFU Campus, North Surrey Recreation Centre and a myriad of shopping centers and services, public transit within walking distance including skytrain, Professionally painted, Vacant - move in right away! First Open House Weds April 12th 5-7pm, then Open House Sat April 15th and Sun April 16th from 1-3pm both days. This unit does not have parking.
Read Full Story
I have listed a new property at 115 13321 102A AVE in Surrey.
WELCOME TO AGENDA - This ground floor 417sqft Studio with patio, Tundra laminate hardwood flooring throughout, Kitchens have Hanstone fine quartz countertops, Under-mount sinks, contemporary cabinets in Hallarum brown eucalyptus, tile backsplash, Eldig 30' black ceramic cook-top stove, built-in stainless steel convection oven, Conveniently located within walking distance to Surrey Central City, SFU Campus, North Surrey Recreation Centre and a myriad of shopping centers and services, public transit within walking distance including skytrain, Professionally painted, Vacant - move in right away! First Open House Weds April 12th 5-7pm, then Open House Sat April 15th and Sun April 16th from 1-3pm both days.
Read Full Story
I have sold a property at 3374 MARQUETTE CRES in Vancouver.
Welcome to Champlain Ridge. This newly restored 2 level townhouse, corner end unit, features 3 bedrooms & 3 bathrooms, fully renovated just over a year ago. The upper level features a large master with ensuite, and 2 more bedrooms perfect for a small family. New laminate floor and hardwood throughout. Fully renovated from top to bottom. Main floor boasts open kitchen with new granite counter tops, new stove/fridge/dishwasher, open concept living/dining area and a new electric fireplace and skylight. Insuite laundry and half bathroom on the main floor. The exterior was fully redone so this home is new inside and out! Sit back and relax in your very own 300 SQF patio, Complete with underground parking and storage locker. Open House this Sat March 18th 2-4pm & Sun March 19th 2-4PM.
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I have sold a property at 7662 140 ST in Surrey.
Centrally located, Great family home in a good neighbourhood, ready for your ideas, 2 level, 3 bedroom, 1600sqft home, with your very own private tree enclosed backyard for great morning sun, single car garage, roof is 8 years old, 2 year old hot water tank, close to shopping, banking, recreation, library and schools, including Frankhurt Secondary school a block away, large lot 7200sqft / 66' by 108' zoned as LUC you can build 33% lot coverage, sqft approx. buyer to verify.
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Please visit our Open House at 3374 MARQUETTE CRES in Vancouver.
Open House on Saturday, March 18, 2017 2:00PM - 4:00PM
Welcome to Champlain Ridge. This newly restored 2 level townhouse, corner end unit, features 3 bedrooms & 3 bathrooms, fully renovated just over a year ago. The upper level features a large master with ensuite, and 2 more bedrooms perfect for a small family. New laminate floor and hardwood throughout. Fully renovated from top to bottom. Main floor boasts open kitchen with new granite counter tops, new stove/fridge/dishwasher, open concept living/dining area and a new electric fireplace and skylight. Insuite laundry and half bathroom on the main floor. The exterior was fully redone so this home is new inside and out! Sit back and relax in your very own 300 SQF patio, Complete with underground parking and storage locker. Open House this Sat March 18th 2-4pm & Sun March 19th 2-4PM.
Read Full Story
Please visit our Open House at 3374 MARQUETTE CRES in Vancouver.
Open House on Sunday, March 19, 2017 2:00PM - 4:00PM
Welcome to Champlain Ridge. This newly restored 2 level townhouse, corner end unit, features 3 bedrooms & 3 bathrooms, fully renovated just over a year ago. The upper level features a large master with ensuite, and 2 more bedrooms perfect for a small family. New laminate floor and hardwood throughout. Fully renovated from top to bottom. Main floor boasts open kitchen with new granite counter tops, new stove/fridge/dishwasher, open concept living/dining area and a new electric fireplace and skylight. Insuite laundry and half bathroom on the main floor. The exterior was fully redone so this home is new inside and out! Sit back and relax in your very own 300 SQF patio, Complete with underground parking and storage locker. Open House this Sat March 18th 2-4pm & Sun March 19th 2-4PM.
Read Full Story
I have listed a new property at 3374 MARQUETTE CRES in Vancouver.
Welcome to Champlain Ridge. This newly restored 2 level townhouse, corner end unit, features 3 bedrooms & 3 bathrooms, fully renovated just over a year ago. The upper level features a large master with ensuite, and 2 more bedrooms perfect for a small family. New laminate floor and hardwood throughout. Fully renovated from top to bottom. Main floor boasts open kitchen with new granite counter tops, new stove/fridge/dishwasher, open concept living/dining area and a new electric fireplace and skylight. Insuite laundry and half bathroom on the main floor. The exterior was fully redone so this home is new inside and out! Sit back and relax in your very own 300 SQF patio, Complete with underground parking and storage locker. Open House March 12th Sunday 2-4PM.
Read Full Story
Please visit our Open House at 3374 MARQUETTE CRES in Vancouver.
Open House on Sunday, March 12, 2017 2:00PM - 4:00PM
Welcome to Champlain Ridge. This newly restored 2 level townhouse, corner end unit, features 3 bedrooms & 3 bathrooms, fully renovated just over a year ago. The upper level features a large master with ensuite, and 2 more bedrooms perfect for a small family. New laminate floor and hardwood throughout. Fully renovated from top to bottom. Main floor boasts open kitchen with new granite counter tops, new stove/fridge/dishwasher, open concept living/dining area and a new electric fireplace and skylight. Insuite laundry and half bathroom on the main floor. The exterior was fully redone so this home is new inside and out! Sit back and relax in your very own 300 SQF patio, Complete with underground parking and storage locker. Open House March 12th Sunday 2-4PM.
Read Full Story
I have sold a property at 302 1128 QUEBEC ST in Vancouver.
Welcome to City Gate! PRICED SHARP!!!!! This massive 924sqft, 1 bedroom & 2 bath with den that could easily be a second bedroom, laminate floors, gas fireplace & a lot of storage space. Solid Bosa built concrete building on the quiet side, overlooking courtyard, building has newer lobby, updated hallways & soon new elevators are to be installed. Rentals are allowed, pets allowed, fantastic amenities with pool, sauna, hot tub and gym. Steps to skytrain, seawall, False Creek, restaurants & shops, situated near the new St Paul's development. Comes with 1 parking & storage locker. Quick possession, Move in as early as Dec 1st.
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I have listed a new property at 302 1128 QUEBEC ST in Vancouver.
Welcome to City Gate! PRICED SHARP!!!!! This spacious 1 bedroom & 2 bath with den that could easily be a second bedroom, laminate floors, gas fireplace & a lot of storage space. Solid Bosa built concrete building on the quiet side, overlooking courtyard, building has newer lobby, updated hallways & soon new elevators are to be installed. Rentals are allowed, pets allowed, fantastic amenities with pool, sauna, hot tub and gym. Steps to skytrain, seawall, False Creek, restaurants & shops, situated near the new St Paul's development. Comes with 1 parking & storage locker. Open House, Sat & Sun, Oct 22/23, 2-4pm.
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Please visit our Open House at 302 1128 QUEBEC ST in Vancouver.
Open House on Saturday, October 22, 2016 2:00PM - 4:00PM
Welcome to City Gate! PRICED SHARP!!!!! This spacious 1 bedroom & 2 bath with den that could easily be a second bedroom, laminate floors, gas fireplace & a lot of storage space. Solid Bosa built concrete building on the quiet side, overlooking courtyard, building has newer lobby, updated hallways & soon new elevators are to be installed. Rentals are allowed, pets allowed, fantastic amenities with pool, sauna, hot tub and gym. Steps to skytrain, seawall, False Creek, restaurants & shops, situated near the new St Paul's development. Comes with 1 parking & storage locker. Open House, Sat & Sun, Oct 22/23, 2-4pm.
Read Full Story
Please visit our Open House at 302 1128 QUEBEC ST in Vancouver.
Open House on Sunday, October 23, 2016 2:00PM - 4:00PM
Welcome to City Gate! PRICED SHARP!!!!! This spacious 1 bedroom & 2 bath with den that could easily be a second bedroom, laminate floors, gas fireplace & a lot of storage space. Solid Bosa built concrete building on the quiet side, overlooking courtyard, building has newer lobby, updated hallways & soon new elevators are to be installed. Rentals are allowed, pets allowed, fantastic amenities with pool, sauna, hot tub and gym. Steps to skytrain, seawall, False Creek, restaurants & shops, situated near the new St Paul's development. Comes with 1 parking & storage locker. Open House, Sat & Sun, Oct 22/23, 2-4pm.
Read Full Story
I have listed a new property at 302 1128 QUEBEC ST in Vancouver.
Welcome to City Gate! This spacious 1 bedroom & 2 bath with den could easily be a second bedroom, laminate floors, gas fireplace and a lot of storage space. Solid Bosa built concrete building on the quiet side, overlooking courtyard, building has newer lobby, updated hallways & soon new elevators are to be installed. Rentals are allowed, pets allowed, fantastic amenities with pool, sauna, hot tub and gym. Steps to skytrain, seawall, False Creek, restaurants, and shops, situated near the new St Paul's development. Comes with 1 parking & storage locker. All first showings at Open House, Sat & Sun, Oct 15/16, 2-4pm.
Read Full Story