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The True Cost of Owning a Luxury Home in Fort Worth

  • Writer: Nitin Gupta, CRS, REALTOR
    Nitin Gupta, CRS, REALTOR
  • 5 days ago
  • 3 min read


Buying a luxury home isn’t just about the list price. In Fort Worth, ongoing costs like property taxes, HOA dues, maintenance, and insurance can vary widely by neighborhood. Understanding the total cost of ownership is essential for long-term financial planning.



While Fort Worth offers strong value compared to coastal luxury markets, some buyers are surprised by property taxes and variable HOA fees across communities. Here’s a breakdown of what you should expect.



Key Ownership Costs to Budget For

  • Property Taxes: Average effective rate is 2.16%

  • HOA Fees: Can range from $1,000–$6,000 annually depending on amenities

  • Homeowners Insurance: Typically $2,500–$4,500/year for $1M+ properties

  • Maintenance: Landscaping, pool, and HVAC services can total $6,000+ annually

  • Utilities: Expect $400–$800/month for larger estates



Ownership Cost Example: $1.5M Home in Mira Vista

Expense Category

Annual Cost Estimate

Property Taxes

$32,400

HOA Fees

$3,600

Insurance

$3,800

Maintenance/Upkeep

$7,000

Utilities

$7,200

Total Annual Cost

$54,000



Additional Costs Some Buyers Overlook

  • Pool maintenance and repairs

  • Landscape upgrades

  • Window cleaning for multistory homes

  • Pest control in wooded or equestrian communities



Quote: “You can’t buy a $2M home with a $2M budget—smart buyers plan for the lifestyle costs too.” — Luxury Property Consultant



Nitin Gupta Helps You Buy With Eyes Wide Open

From estimated annual cost projections to property tax planning, Nitin ensures his clients understand the full picture—before they buy.

Book a consultation here: https://www.nitinguptadfw.com/contact




About us: Fort Worth New Construction Expert Real Estate Agent


As a Top Real Estate Professional in Fort Worth, I understand the challenges that arise when buying a new construction home in Fort Worth. There are over 100 builders in the DFW area and a number of top builders build new homes in Fort Worth. I work with most of the new home builders in Fort Worth and understand how various builders operate. I am familiar with the options they offer to new home buyers in Fort Worth, current incentives and I frequently visit the upcoming communities being built in Fort Worth. I guide my Fort Worth new home buyer clients through all steps of the new home construction process and aggressively protect their interests in the transaction.



As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.


Whether you are a first time buyer in Fort Worth looking to buy a home in Fort Worth or whether you are relocating to Fort Worth from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Fort Worth. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.



What is most important to you in your new construction home in Fort Worth? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Fort Worth that you can use to help make your home buying decision.



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