The Hidden Costs of Homeownership in Texas You Need to Budget For

Buying a home is exciting—but your monthly mortgage payment is just the beginning. Many first-time buyers are surprised by the true cost of homeownership.

Ongoing Expenses to Plan For

Property Taxes

Texas has higher-than-average property taxes. Rates vary by county and can change yearly.

Homeowners Insurance

Costs depend on location, home value, and coverage—especially in areas near the coast.

HOA Fees

If your neighborhood has a homeowners association, expect monthly, quarterly, or annual dues.

Maintenance & Repairs

Budget 1–3% of your home’s value each year for upkeep.

Utilities

Electricity, water, gas, trash, and internet can vary greatly by home size and age.

Bottom Line

Knowing these expenses upfront means no surprises later.

📲 The Freund Group at FIV Realty helps buyers understand the full cost of ownership so you can purchase with confidence. Call us today to start your home search fully prepared.