The Role of Carrying Costs when Buying a New Home

When searching for a new home, many buyers will focus only on the list price and what they may need to offer to get the property. For example, a buyer might think, “We can get this house for $XX. That’s within our price range!”

Of course, the selling price plays the pivotal role in whether or not you can afford a particular home. But, carrying costs should also be considered.

Carrying costs include any regular expenses related to the property. The obvious ones are gas, hydro, water, garbage, and taxes. But there may be others. For example, a home may also have a subscription-based alarm system, high-speed internet, and hot water tank rental.

If there are common elements, such as a private street or some other neighbourhood feature, there may be an annual maintenance fee.

It’s also smart to factor in predicted maintenance and repair costs, especially when buying an older home. A property that hasn’t had its asphalt roof shingles replaced in 20 years may be due soon.

So, when shopping for a new home, consider what the carrying costs will be. That will help you make a more informed decision.

That being said, having to pay a little more in monthly costs may be worth it if you love the place and it (as well as the neighbourhood) has everything you want.


Thinking of buying a home in Alberta? We can help.

Phone(403) 270-7601

Email[email protected]

Address Ray Riley
#115 8820 Blackfoot Trail SE
Calgary, AB T2J 3J1

Included Below are Homes for Sale in Calgary, Alberta

4153 Properties
Page 1 of 347
2
Beds
1
Baths
581
Sq.Ft.
2017
Year Built
1
Day on Site
A1221510
MLS®
Welcome home to this TOP FLOOR 2 bed 1 bath apartment in the esteemed lake community of Auburn Bay, in SE Calgary AB. It is perfectly located right next to a ton of amenities, and to the future...
$699,900
Neighbourhood: Glenbrook
4
Beds
2
Baths
1,118
Sq.Ft.
1962
Year Built
1
Day on Site
A1221590
MLS®
EXCELLENT LOCATION!!! Tucked away in the heart of Glenbrook on a quiet dead-end street on a massive 56 ft x 120 ft corner lot surrounded by green-space. This well-designed 3+1 bed, 2 bath bungalow...
$388,000
Neighbourhood: Inglewood
2
Beds
2
Baths
965
Sq.Ft.
2010
Year Built
1
Day on Site
A1221716
MLS®
Immaculate end unit original owner 2 bedroom,1 den, 2 bathroom condo with Air Conditioning! Ideally located steps from Pearce Park & Bow river pathways! 9 foot ceilings in this open design w/high end...
$499,900
Neighbourhood: Legacy
3
Beds
2F11/2
Baths
1,348
Sq.Ft.
2015
Year Built
2
Days on Site
A1221294
MLS®
Welcome to your new home! This bright and airy home features an open concept layout with a large living room, well sized dining are and modern kitchen with stainless steel appliances, quartz counters...
$235,000
Neighbourhood: Country Hills Village
2
Beds
2
Baths
852
Sq.Ft.
2007
Year Built
2
Days on Site
A1220868
MLS®
Welcome to Country Village! This beautiful 2 bedroom and 2 bathroom unit on the 3rd floor features a great open concept floor plan. The optimal location for anyone wanting all major amenities within...
$354,900
Neighbourhood: Cedarbrae
4
Beds
2F11/2
Baths
1,370
Sq.Ft.
1979
Year Built
2
Days on Site
A1216359
MLS®
Huge 4 bedroom plus BONUS room 2.5 bath townhome , single attached garage and FENCED backyard with new decking located on a quiet street in Cedarbrae . Upon entering you are welcomed to a large...
$789,000
Neighbourhood: Mahogany
5
Beds
3F11/2
Baths
2,406
Sq.Ft.
2009
Year Built
2
Days on Site
A1218373
MLS®
Welcome to this wonderful, bright home located in a quiet cul-de-sac and only minutes from the lake in Mahogany!
With over 3300 sq feet of living space, this home offers 4 bedrooms on the upper...
$475,000
Neighbourhood: Renfrew
3
Beds
2F11/2
Baths
1,435
Sq.Ft.
2003
Year Built
2
Days on Site
A1220851
MLS®
Beautiful tree lined street, friendly community, excellent price point. Welcome to this bright and updated townhome in the inner-city neighbourhood of Renfrew. With over 1900 sq ft of living space,...
$275,000
Neighbourhood: Beltline
2
Beds
1
Baths
775
Sq.Ft.
1969
Year Built
2
Days on Site
A1221260
MLS®
This TOP floor/penthouse suite with two bedrooms is move-in ready! Live at the heart of the beltline area only steps away from amenities on 11 Street and the excitement of 17 Avenue SW. Featuring...
$485,000
Neighbourhood: Whitehorn
5
Beds
3F11/2
Baths
1,160
Sq.Ft.
1979
Year Built
2
Days on Site
A1217820
MLS®
Great Location! WELCOME to the fully renovated 3+2 Bedrooms and 3.5 Bathrooms Stunning Home in most Convenient WHITEHORN Community of NE CALGARY. This recently Renovated Four Levels Split Home Offers...
$204,900
Neighbourhood: Millrise
1
Beds
1
Baths
597
Sq.Ft.
2008
Year Built
2
Days on Site
A1220681
MLS®
Incredible opportunity in fully loaded SE condo 'The Canvas at Millrise . This third floor unit comes with a contemporary kitchen you are going to LOVE with stainless appliances, maple-designed...
$349,000
Neighbourhood: Forest Lawn
3
Beds
2F11/2
Baths
828
Sq.Ft.
1946
Year Built
2
Days on Site
A1221331
MLS®
INVESTOR ALERT! RCG Zoned 50x120FT Lot! This cute 3 bed 2.5 bath home is the perfect investment or for the 1st time home buyer! Close to shopping, schools and major road arteries. New hot water...

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