Do Fences Drive Up Home Value?

We all want to feel safe in our yards to protect our outdoor furniture, pets, kids and loved ones. 

Due to safety concerns, over half of the houses in America have some fences around their backyard. Only five percent of homeowners fence in any part of their front yard. Homeowners that are willing to sell their house assume that they have to put up a wall to improve property value, but there are other factors that have to be taken into account.

Here are some questions that you need to consider to make a wise choice!

Which Types of Fences Will Add Value to Your Property?

The type of fence you put up can make or break the value. You should favour a stylish and well maintained fence. If the wall you choose is a chain link, it will not add anything to the house beside the fence itself.  Usually, when people put up this fence, it's because they have an immediate need, whether it's kids or animals, and a limited budget.  Some may think it looks cheap, while others don't like that it doesn't give a property any privacy as a traditional wooden fence would. If you want these fences, you can build one, but don't let yourself believe that it will add any property value. 

Is There A Need For Fences In Your Area?

Why are you building the fence? Do neighborhood kids run through everyone’s yard and annoy you? Do you have a pool you want to keep people out of? Or is there some other reason? In some cases, a fence can be helpful to keep your property safe and private. Some homeowners put up barriers to keep gators and snakes out of their lawns to mixed results in states like Florida. Consider if a possible home buyer would feel safer with a fenced yard.

What Part Of Your Yard Needs To Be Fenced?

Are you considering fencing in your whole yard or just the backyard?  A home with classic Americana charm and is in either a historic district or a district that shows some age, a fenced-in front yard can add to the appeal.  Although these fences are often only waist-height and can't offer much protection or privacy, they'll keep a dog in the yard and add a touch of nostalgia to your house.   

Are There Any Views That Are Blocked?

Some homeowners build fences and then realize they've ruined the beautiful view they used to have from their kitchen window.  If you live near a beautiful river, or there's an incredible mountain range visible from your yard, try not to build a fence here. When someone is asking themselves 'should I rent or buy a house?’ while they’re looking at your property, you want them to look at those views you love and help them make up their minds.    

Conclusion

In the end, fences don't add much value to your home beyond security. A home with a wall will sell faster, but fences are still worth it for some people on a tight budget. Consider all of the factors above, and then decide for yourself if a fence is the best choice for your yard.