Does a New Fence Increase Home Value?
Whether the addition of a fence increases actual home value is a debated subject amongst real estate professionals. Some say it adds value while others say it’s just an upgrade that makes the home more appealing. Regardless of their opinions, most home buyers find fences to be a positive feature and a good selling point.
There are pros and cons to residential fencing and it all boils down to needs. Some homeowners live perfectly fine without a fence in their backyard because they make little use of the outdoors. However some homeowners consider backyard fences to be essential. Let’s take a look at some of the benefits and drawbacks of residential fences.
Benefits of Having a Fence
There are a lot of perks of having a fence in your backyard. Some of the top benefits include:
- Privacy – Possibly the best benefit of having a fence in the backyard is privacy. This only applies to solid fencing and doesn’t include chain-link fences that are see through. Homeowners typically like to have backyard parties with close friends and family and prefer not to have the feeling of being watched by neighbors.
- Security – Another primary benefit of residential fencing is the added security it gives homeowners. A solid fence is a luxury for pet owners who wish to let their pets out back unsupervised. A fence in this case doesn’t just add a sense of security, it adds convenience as well. Parents are typically big fans of fences because it makes their backyard a safer environment for their kids to play. Fences also reduce the risk of trespassers and break-ins and this is a major benefit to having a fence.
- Property Lines – Fences also act as property lines between your neighbors and this can eliminate a lot of confusion. In some cases neighbors aren’t really sure where they should start and stop mowing the yard. Sometimes trees and bushes need clipping but no one really knows who’s responsible because the property line isn’t clearly defined. Fences help mark off your property so that you and your neighbors know who’s responsible for yard work.
Homebuyers often find homes with pre-existing fences appealing because it’s something they don’t have to install. While building a fence might not actually increase your home’s value, it will certainly be a selling point if you ever decide to sell your home. It also helps with curb appeal if a quality fence in installed.
Drawbacks of Having a Fence
Although fences are primarily good additions to homes, there are some drawbacks. All fences require maintenance of some kind, including painting, staining, pressure washing, and rebuilding. Chain-link fences can rust over time and often have sharp tips on the top that cause cuts. All wooden fences fade and eventually rot over time.
Solid wood, plastic or brick fences present visual limitations that might block views of a lake, golf course or open field that would otherwise be nice to look at. If you’re considering adding a fence make sure it’s not blocking a view that a future homebuyer might want to see.
If you’re thinking about adding a fence, make sure to consult with an experienced fence company that can explain all the options. Fence quality matters and your neighbors want what’s best for the neighborhood. They might even split the cost with you. It’s recommended that homeowners don’t add a fence on the fact that it might add value to their home. Instead, homeowners should add a fence based on their needs. Read More
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