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.

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Calgary, AB T2J 3J1

Included Below are Homes for Sale in Calgary, Alberta

3077 Properties
Page 1 of 257
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Neighbourhood: Skyview Ranch
3
Beds
2F11/2
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1,796
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2013
Year Built
1
Day on Site
A2095456
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$499,900
Neighbourhood: Saddle Ridge
4
Beds
2F11/2
Baths
1,485
Sq.Ft.
2023
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2
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A2093196
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$1,200,000
Neighbourhood: Sage Hill
4
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3F11/2
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2,752
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2010
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2
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A2095269
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$264,900
Condo: Diamond Estates
3
Beds
1
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1,110
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1978
Year Built
2
Days on Site
A2095227
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$459,900
Condo: Statesman Villas
2
Beds
2F11/2
Baths
1,245
Sq.Ft.
1994
Year Built
2
Days on Site
A2094708
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$299,900
Condo: Regent Gardens
3
Beds
1
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857
Sq.Ft.
1971
Year Built
2
Days on Site
A2092318
MLS®
$669,000
Neighbourhood: Downtown West End
2
Beds
2
Baths
912
Sq.Ft.
2017
Year Built
2
Days on Site
A2095089
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$309,900
Neighbourhood: Country Hills Village
2
Beds
2
Baths
840
Sq.Ft.
2011
Year Built
2
Days on Site
A2095228
MLS®
2
Beds
2
Baths
704
Sq.Ft.
2016
Year Built
2
Days on Site
A2095249
MLS®
$480,000
Neighbourhood: Saddle Ridge
4
Beds
2F11/2
Baths
1,518
Sq.Ft.
2023
Year Built
2
Days on Site
A2092669
MLS®
$484,900
Neighbourhood: Mahogany
2
Beds
2F11/2
Baths
1,313
Sq.Ft.
2023
Year Built
2
Days on Site
A2093804
MLS®
2
Beds
1
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540
Sq.Ft.
2018
Year Built
2
Days on Site
A2094314
MLS®

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