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.

4156 Properties
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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...

Phone(403) 270-7601

Email[email protected]

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

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