Can a New Fence Increase Your Home’s Value?
How a New Fence May Affect Your Home’s Value
Adding a fence to a home can increase privacy, stop wildlife from getting into the yard, and keep children or pets in. However, you may not know it can also increase the property’s resale value. Here, customers can learn which fencing factors affect a home’s marketability.
A well-built, attractive fence can enhance the appearance of the yard and the home’s exterior. If your home’s backyard is less than perfect, a tall privacy fence can create a better view for potential buyers.
Utility Value vs. Monetary Value
While a fence may have financial significance for you when installing it, it may not for a buyer. You may like your privacy, and fencing offers the perfect solution. But some may want a more open landscape around their yard. Still, those with small children and pets may be reluctant to buy a home without a fence, and they’re often willing to pay a premium for homes with fences already installed.
The materials from which a fence is made can have a substantial effect on a property’s resale value. Cast iron, polyvinyl, and wooden fences can often bring an ROI (return on investment) of 50% or more when the home is sold. This is primarily due to the fact that a solid fence is more aesthetically pleasing than those made of other materials.
Professional fence installation can have a big impact on a home’s value. When fences are installed to a certain quality level, they’re more likely to stand up to years of exposure to the elements. These fences can increase a property’s value without an additional investment. When a homeowner attempts a DIY fence installation, their inexperience can bring poor results. Homeowners in these situations may have to make a significant investment in the fence to prevent it from diminishing the home’s resale value.
No matter how well fences are built, they still need regular maintenance. Wood fences are most likely to increase a home’s value, but they need regular sealing or staining to preserve their structural integrity. With regular care, homeowners can prevent wooden fences from being destroyed by rot or termite infestation.
Trends in the Neighborhood
As far as the new fence property value connection is concerned, it may not be good to be the only homeowner in the neighborhood with a fence. Most people want their houses to fit in with others in the area, and fencing a home in an unfenced neighborhood can draw unwanted attention. Similarly, it’s not good to have the only home on the street with a completely different fence than everyone else. Before installing a fence, consider the neighborhood’s trends and aesthetics.
The Home’s Style
Having a fence that doesn’t match the home’s style may be worse than having no fence at all. A modern, minimalistic house looks out of place with a Victorian picket fence, and a quaint cottage doesn’t look good with a stockade fence. Conversely, installing the right kind of fence increases a home’s curb appeal and resale value.
Why Choose Straight Line Fences?
If built with quality materials and properly maintained over the years, it’s possible to add value to your property with a new fence – but it may not be so tangible in some cases. The truth is, you probably won’t entirely recoup the cost of installing a fence. But if you follow the above guidelines, you’ll get as much values out of it as possible.
If you’re considering making the investment, reach out to us!