There is a lot of debate surrounding the topic of fences and property value. Some people believe that installing a fence around your property will increase its value, while others think that it does not have an effect. So, what’s the truth? In this blog post, we will take a look at some of the research that has been conducted on this topic and try to answer the question once and for all!
Do Fences Increase Property Value?
The short answer is yes, fences can increase property value. By choosing quality materials and a professional installation for your fence, you significantly increase the chances of receiving 50% or more return on the material and installation costs when reselling your home.
Beyond return on investment, fences also increase the possibility of someone placing a bid on your home. A recent Realtor.com survey showed that 79 percent of pet-owning millennials who closed on a property this year said they would pass up an otherwise perfect home if it didn’t meet the needs of their pets, such as a fenced-in yard for their dogs.
In addition to increasing property value and making your home more attractive to potential buyers, there are other benefits of installing a fence. It provides privacy and security for your property and helps keep out unwanted visitors or wildlife from entering your yard. A well-maintained fence also adds curb appeal and can make your home more attractive upon first impression from the street.
What Factors Influence Property Value?
There are a number of factors that can affect property value. Obviously, the condition of the home itself plays a vital role in property value – homes that are well-maintained will usually fetch a higher price than those that are not.
Outside of the quality of the home itself, these are some other factors that can influence property value:
Location
Location is one of the most important factors when it comes to property value. Homes located in desirable neighborhoods typically have higher property values than those located in less desirable areas.
School District
The quality of the school district can also affect property value. Homes located in areas with good school districts tend to have higher property values than those in areas without quality schools.
Amenities
A variety of amenities such as parks and shopping centers can also increase property values. This is due to the fact that these amenities make the area more desirable and thus, increase property value.
Lot Size/Backyard
The size of the home’s lot/backyard is also a factor that can influence property value. Homes with larger yards tend to have higher property values because they provide more space and potential for outdoor entertaining or gardening.
Fencing
Fences can be a good way to increase property value if they are well-maintained and constructed with quality materials. Installing a fence can give your property a boost in curb appeal, increase privacy and security, and potentially increase property value as a result.
The Benefits of Fences
Fences provide a number of benefits to a home. Fences can provide privacy and security for your property. They can also add curb appeal to your property and provide a barrier against wildlife intrusion. For families with pets or small children in a high-traffic area, a fence may even be a necessity when purchasing a home.
Fences can also be a great way to beautify your property by adding aesthetic elements such as latticework, picket designs, and intricate patterns. The type of material you choose can also influence the look of your property – wood, vinyl, ornamental, and chain link fences are all popular materials that will enhance the overall appearance of a home.
How to Choose the Right Fence for Your Home
Choosing the right fence for your home will depend on your priorities. Our blog, “Fencing Materials: How To Choose The Right One For Your Property,” discusses the different types of fence materials and how to choose the right one for your home. We also have a blog about choosing the right fence height for your home and finding the perfect fence color to match your home’s exterior. By using our guides, you can make an informed decision when selecting the right fence for your property.
Fence Type and Property Value
Some fencing materials will increase your home’s value more than others. The following is a list of different types of fences and the elements that affect how much they can improve your property value:
- Wood fence: A wood fence is a top pick for homeowners due to both its form and function. Not only are they easy to install, but they are also relatively simple to maintain.
- Vinyl fence: If you want a fence that doesn’t require a lot of upkeep, vinyl is a good choice. Vinyl fences are low-maintenance and will never need to be painted or stained.
- Chain link fence: A chain link fence is a great choice if you want something that will last and keep your property secure. They are also one of the most affordable fence options.
- Ornamental fence: If you are searching for an enduring fence, then an ornamental fence would be a great choice. Ornamental fences are built to last, and can stand up to any weather conditions.
In general, fences that are more durable and aesthetically-pleasing will add the most value. If you are looking for attractive features that will help protect your home, adding a fence is one of your best investments.
Improve the Value of Your Home with a Fence from Fence Builders Inc.
At Fence Builders Inc., we offer a variety of fencing options to meet the needs of property owners. From ornamental and wood fences to vinyl and chain link, we have everything you need to improve the look of your property. Our experienced team is here to help you choose the perfect fence for your property – no matter what style or material you’re looking for.
Whether you are looking to increase property value, enhance security, protect pets or children, or just add some beautiful curb appeal, a quality fence from Fence Builders Inc. can do it all! Contact us today for more information about our services and get started on your dream fence project!