When to Increase your Budget when Shopping for a Home

When you set a budget for a new home, you’re obviously hoping — maybe even expecting — to find the ideal property within that price range.

But, it doesn’t always work out that way.

In fact, there are many circumstances in which you might have to rethink your budget and possibly even increase it, to get the home you want.

For example, you might find that properties in neighbourhoods you’re targeting are selling for more than you expected. In that circumstance, you might have to look for a home in a different area, or see if you can bump up your budget.

Another scenario that often comes up is changing wish lists. You may view a few homes for sale and realize that a particular feature is more important to you than you initially thought. For example, you might have budgeted for a three-bedroom home, but once you’ve seen a few properties with four, you think, “Okay, we definitely want four bedrooms!” That might result in a budget bump.

Finally, you might find that you view a property and fall in love with the place. It’s perfect. It has everything you need. You’ve got to have that home! But, its price is outside your budget.

In that case, you’ll need to weigh paying a bit more against getting a home that will have a significant and positive impact on your lifestyle and happiness.

As you can see, there’s a lot to consider when shopping for a home and trying to stay within a budget.

2847 Properties
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$750,000
Neighbourhood: Evergreen
4
Beds
2F11/2
Baths
2,113
Sq.Ft.
2006
Year Built
1
Day on Site
A2122966
MLS®
$650,000
Neighbourhood: Royal Oak
4
Beds
3F11/2
Baths
1,747
Sq.Ft.
2004
Year Built
1
Day on Site
A2120271
MLS®
$1,195,000
Neighbourhood: Canyon Meadows
4
Beds
3F11/2
Baths
2,683
Sq.Ft.
1990
Year Built
1
Day on Site
A2122626
MLS®
$284,500
Neighbourhood: West Springs
1
Beds
1
Baths
536
Sq.Ft.
2014
Year Built
1
Day on Site
A2122884
MLS®
$779,990
Neighbourhood: Cityscape
4
Beds
2F11/2
Baths
2,299
Sq.Ft.
2023
Year Built
1
Day on Site
A2122862
MLS®
$366,000
Neighbourhood: Cranston
2
Beds
2
Baths
907
Sq.Ft.
2012
Year Built
1
Day on Site
A2122071
MLS®
$789,900
Neighbourhood: Nolan Hill
3
Beds
2F11/2
Baths
2,008
Sq.Ft.
2018
Year Built
1
Day on Site
A2122910
MLS®
$690,000
Neighbourhood: Silver Springs
3
Beds
2F11/2
Baths
1,254
Sq.Ft.
1977
Year Built
1
Day on Site
A2120821
MLS®
$325,000
Neighbourhood: Lake Bonavista
2
Beds
2
Baths
909
Sq.Ft.
2007
Year Built
1
Day on Site
A2120078
MLS®
4
Beds
2
Baths
829
Sq.Ft.
1980
Year Built
1
Day on Site
A2121862
MLS®
$669,900
Neighbourhood: Cornerstone
4
Beds
3F11/2
Baths
1,625
Sq.Ft.
2018
Year Built
1
Day on Site
A2109633
MLS®
$1,999,000
Neighbourhood: Hillhurst
5
Beds
4F11/2
Baths
2,595
Sq.Ft.
1945
Year Built
1
Day on Site
A2122617
MLS®

Phone(403) 270-7601

Email[email protected]

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

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