New fences are not just about keeping your home safe from intruders. They also have a significant effect on the resale value of your house. A study by a real estate company found that homes with new fencing sold for an average of $8,300 more than comparable properties without a fence. It’s important to consider if you want to improve the curb appeal of your property or are simply looking for privacy. Still, there are many other factors you should take into consideration before making this decision.
Cost of Fencing
Fencing material, installation, and labor costs can differ depending on the type of fence you choose. Concrete and brick walls will cost more than wooden fences, but maintenance costs can also vary.
Fence Material
The price of fencing is determined by its material. Wood has an average cost per square foot of $12-$15, while vinyl costs about $17-22 per square foot installed. Aluminum comes in at a higher price of $25 per square foot. Barbed wire fencing is even more expensive. It costs about $30 per square foot, but this often has to be installed by a contractor who will charge you additional fees for their labor. If you want a more straightforward installation process that can save money on contractors, then consider choosing chain link fencing (about $20-$25 per square foot) or picket fences ($15-$25).
Fence Type
The most common types include chain-link, lattice, vinyl, and wood. Chain link is the cheapest option but does not provide much privacy, whereas lattices are more expensive but offer greater visibility control. Vinyl fencing has become increasingly popular with homeowners because of its durability and low maintenance costs. Finally, wood is a classic choice for many homeowners because it offers reasonable visibility control but requires regular maintenance to keep looking nice.
Advantages of New Fences
Several benefits come with doing fence replacement in your yard, like increased property value or extra privacy, depending on the type you choose. For example, fencing in your backyard will provide more privacy and security for you and your family. If you install a wooden fence around the perimeter of your property, it can also increase its value by $12-$15 per square foot, according to one study.
Disadvantages of New Fences
While fences can provide many benefits, they also have some disadvantages that you should consider before making this decision. For example, if the wall is poorly maintained, it will impact your home’s value and start to look worn down and unattractive. It could even lower its resale potential because potential buyers will be less likely to buy a house with an unsightly fence.
Bottom Line
Your home’s resale value depends on many factors. If you consider installing a new fence, it’s essential to consider your budget and the type of fencing that will work best for your property. By considering these factors when making this decision, you can ensure that your fencing is both safe and adds value to your home.
