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 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.***
Read full post

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

Please visit our Open House at 69 14838 61 AVE in Surrey.
Open House on Sunday, June 3, 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

I have sold a property at 1905 1128 QUEBEC ST in Vancouver.
Welcome to The National! This newly renovated, 19th floor, 1469 sqft, 2 Bed with Den with spectacular, unobstructed, breathtaking West facing views of false creek and Downtown Vancouver, updated open concept kitchen with new tile/counter tops/appliances. The suite has been freshly painted, with new contemporary lighting, new high-end laminate flooring and custom blinds throughout. West facing 10ft by 8.6ft deck, updated lobby, elevators & hallways. Walk to everything, restaurants, pubs, Costco, and Downtown, near Skytrain and new St Paul's Hospital. Pets & rentals allowed. Comes with 2 parking stalls side by side and storage locker.
Read full post

I have listed a new property at 1905 1128 QUEBEC ST in Vancouver.
Welcome to The National! This newly renovated, 19th floor, 1469 sqft, 2 Bed with Den with spectacular, unobstructed, breathtaking West facing views of false creek and Downtown Vancouver, updated open concept kitchen with new tile/counter tops/appliances. The suite has been freshly painted, with new contemporary lighting, new high-end laminate flooring and custom blinds throughout. West facing 10ft by 8.6ft deck, updated lobby, elevators & hallways. Walk to everything, restaurants, pubs, Costco, and Downtown, near Skytrain and new St Paul's Hospital. Pets & rentals allowed. Comes with 2 parking stalls side by side and storage locker. Open house this sat/sun Jan 20th and Jan 21st 2-4pm
Read full post

Please visit our Open House at 1905 1128 QUEBEC ST in Vancouver.
Open House on Saturday, January 20, 2018 2:00PM - 4:00PM
Welcome to The National! This newly renovated, 19th floor, 1469 sqft, 2 Bed with Den with spectacular, unobstructed, breathtaking West facing views of false creek and Downtown Vancouver, updated open concept kitchen with new tile/counter tops/appliances. The suite has been freshly painted, with new contemporary lighting, new high-end laminate flooring and custom blinds throughout. West facing 10ft by 8.6ft deck, updated lobby, elevators & hallways. Walk to everything, restaurants, pubs, Costco, and Downtown, near Skytrain and new St Paul's Hospital. Pets & rentals allowed. Comes with 2 parking stalls side by side and storage locker. Open house this sat/sun Jan 20th and Jan 21st 2-4pm
Read full post

Please visit our Open House at 1905 1128 QUEBEC ST in Vancouver.
Open House on Sunday, January 21, 2018 2:00PM - 4:00PM
Welcome to The National! This newly renovated, 19th floor, 1469 sqft, 2 Bed with Den with spectacular, unobstructed, breathtaking West facing views of false creek and Downtown Vancouver, updated open concept kitchen with new tile/counter tops/appliances. The suite has been freshly painted, with new contemporary lighting, new high-end laminate flooring and custom blinds throughout. West facing 10ft by 8.6ft deck, updated lobby, elevators & hallways. Walk to everything, restaurants, pubs, Costco, and Downtown, near Skytrain and new St Paul's Hospital. Pets & rentals allowed. Comes with 2 parking stalls side by side and storage locker. Open house this sat/sun Jan 20th and Jan 21st 2-4pm
Read full post

I have sold a 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.
Read full post

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 post

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 post

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 post

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 post