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.

3032 Properties
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$729,900
Neighbourhood: New Brighton
4
Beds
3F11/2
Baths
2,258
Sq.Ft.
2007
Year Built
1
Day on Site
A2095076
MLS®
$249,900
Neighbourhood: Aspen Woods
1
Beds
1
Baths
619
Sq.Ft.
2008
Year Built
1
Day on Site
A2082448
MLS®
$560,000
Neighbourhood: Cornerstone
3
Beds
2F11/2
Baths
1,426
Sq.Ft.
2023
Year Built
1
Day on Site
A2094765
MLS®
$589,900
Neighbourhood: West Hillhurst
1
Beds
1
Baths
2,764
Sq.Ft.
2024
Year Built
1
Day on Site
A2095721
MLS®
Open 12/2
621 24 Ave NW Calgary,  AB T2M 1X6
$799,900
Neighbourhood: Mount Pleasant
4
Beds
2
Baths
950
Sq.Ft.
1945
Year Built
1
Day on Site
A2095641
MLS®
$874,900
Neighbourhood: Kincora
6
Beds
3F11/2
Baths
2,633
Sq.Ft.
2007
Year Built
1
Day on Site
A2095328
MLS®
$259,900
Neighbourhood: Parkhill
2
Beds
1
Baths
1,110
Sq.Ft.
1971
Year Built
1
Day on Site
A2091707
MLS®
$998,888
Neighbourhood: Saddle Ridge
6
Beds
5
Baths
2,386
Sq.Ft.
2023
Year Built
1
Day on Site
A2095615
MLS®
$269,000
Neighbourhood: Haysboro
1
Beds
1
Baths
837
Sq.Ft.
2010
Year Built
1
Day on Site
A2095816
MLS®
$479,900
Neighbourhood: Ogden
4
Beds
2F11/2
Baths
1,118
Sq.Ft.
1975
Year Built
1
Day on Site
A2095032
MLS®
$1,799,000
Condo: Princes Island Estates
3
Beds
2F11/2
Baths
2,591
Sq.Ft.
1995
Year Built
1
Day on Site
A2093505
MLS®
$319,900
Neighbourhood: Beltline
1
Beds
1
Baths
500
Sq.Ft.
2015
Year Built
1
Day on Site
A2094870
MLS®

Phone(403) 270-7601

Email[email protected]

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

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