Metal and stone fences have an ROI of 70 percent, while other materials have an ROI of around 50 percent. According to appraisal expert Leslie Sellers, president of the Appraisal Institute, be careful about where and how a fence is used. In high-end homes, unless there's a real need for a fence, either to protect road noise or a railroad noise, for example, stay away from it, he says. A fence in and of itself doesn't add as much value to the house compared to material and construction costs.
It will improve the value of the house only if there is a real need for such an exterior structure. An important aspect that could be the difference between whether or not your fence becomes a valuable asset or if you force the value of your property down is the material in the fence. Wooden fences or other solid fences, such as concrete or cast iron, could account for at least 50 percent of the cost of materials and installation if resold. This is mainly due to the appearance of the fence, since solid fences are considered more aesthetically pleasing than other options.
Yes, fences can add value to a home based on the material and condition chosen when it is evaluated. Because fences can increase curb appeal and promote privacy and security, they increase the market value of a home and will impress most prospective buyers with families. If your fence is outside the boundary of your property, it gives buyers a false impression of where your future property ends and begins and can create difficulties or worse for neighbors who feel invaded. Depending on several factors, such as material and maintenance, installing a privacy fence will increase the marketability of your home when you decide to sell it.
Front yard fences are usually 3 feet high, while backyard fences are at the highest end, with a range of 6 to 8 feet. I wouldn't recommend that a seller add a fence to increase the value of an ad, in general. While a fenced yard could result in lower insurance rates for homeowners, the industry doesn't see it as the primary way to add value to a home. If you install a wooden fence, the type of fence that is most likely to increase the value of your home, it's important to stain or seal it.
Be sure to meet and interview a few installers and ask them how their previous experience relates to their unique fencing needs. For example, a wire fence, a style of fence considered less aesthetically pleasing, is a less expensive option when installing the fence, but it won't increase the resale value as much. A fence can serve a dual purpose as an attractive feature while keeping intruders at bay and children and pets safely locked away. During the inspection, the appraiser will examine your fence and determine if it adds value or detracts from the value of your property, depending on its condition and what other buyers in the area are looking for.
If you try to install the fence yourself, a lack of experience could result in a fence that lacks the quality needed to increase the value of your home. In most cases, the buyer prioritizes many other items on their “wish list” over the fence, such as a new kitchen, so having a fence won't have a big impact on the total value of a property. A structurally sound fence that is visually appealing can enhance the appearance of the exterior of your home and that of your garden and patio.
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