Will Installing a Fence Raise the Value of Your Property?
The short answer to this question is yes! Installing a fence will in most cases absolutely raise the value of your home. Why? Fences can contribute to a homeowner’s privacy, safety, and aesthetic enjoyment of their property. While not all fences will automatically raise the value of your home, a smart homeowner can achieve that goal by purchasing the right fencing material, installing it in the right way, and keeping it in good repair.
Adding Value by Changing the View
Just one way a fence can make your home more marketable is by altering the view to and from your house. If you happen to have an undesirable view from a certain part of your house, installing a tall fence to block that view may make your home a more pleasant place to live. Your ability to raise your property value with a fence relies on the context of where you choose to place it. You’ll also need to think about how high you want your new fence to be; fences can range from about three to about nine feet tall. The height of your fence is also context-dependent; you may even want different heights of fences on different parts of your property. In any case, it is best to consult an experienced expert to support you in your decision-making process. An expert will also be able to help you make sure that you install your new fence on your own property, and not on your neighbor’s.
Adding Value by Meeting Demands
Adding a fence to your property can often be a costly process, but when done correctly, it will raise the value of your home beyond the initial cost of the investment required to install it. For some, fences are a prerequisite amenity to buying a home. A prospective buyer may want to have a space on their property where they feel comfortable letting their children or pets safely without the safe supervision required of an open yard. They may value the added safety a fence provides from roaming wild animals. Even just the sense of privacy a fence provides can affect a potential sale. Homebuyers with these concerns appreciate fences already installed on their future properties because it cuts down on the time, cost, and effort that would be required of them to install a fence on their own. They will likely be inclined to pay a premium price when purchasing a home with a fence already installed.
The Type of Fence Matters in the Value Equation
The change in value to your house will largely be affected by the type of fence you choose to install. Select the right material and you’ll raise the appeal of your property for potential buyers, but select the wrong material and you may be in danger of even lowering it. Fences made out of materials like wood, vinyl, or aluminum can reap up to 50 percent of the cost required to purchase the materials and install the fence upon resale of the house. Choosing aesthetically pleasing materials like the ones listed here, can prove to make your new fence a valuable asset. Unfortunately not all fencing materials are created equal when one is considering how to most effectively bump the value of your home. Wood, vinyl, and aluminum fences are some of the best choices for a homeowner looking to improve the value of their home, although there are tradeoffs to selecting any type of material. For instance a wooden fence will have a lower upfront cost than a vinyl one or aluminum one, but vinyl fences will not require the same level of maintenance that a wooden fence might. Avoid using the less aesthetically oriented fencing options like chain link fences if your goal is to drive up the value of your property. Though they may be less costly to purchase, install, and maintain, they are unlikely to raise the resale value to the same degree a more expensive fence would.
Installation Affects Value Too
Another thing to consider when choosing to install a fence, is choosing how to install a fence. Fences installed by an amateur are at far greater risk of deterioration over time than a fence installed by a professional. By hiring an expert to install your fence, you can ensure that it will last and will be best suited to survive the elements. Lack of experience shows in fences installed by an amateur, and installation without proper expertise may not raise the value of your property as much as you may have wanted originally. Without a professional installation job, you also put your fence at risk of greater future damage, and put yourself at risk of having to make greater investments than necessary to keep the value of your assets from depreciating.
Maintaining a fence requires commitment, no matter who installs it on your property. A wooden fence requires staining and sealing every few years. This prevents the fence from deterioration at the hands of weather, rot, or insects.
Fencing can be a valuable addition to any home, especially when trying to bolster that home’s market value. A fence has a broad range of capabilities: it can beautify your property, deter potential criminals, and keep your children and your pets safe. If you build your fence with the right material, install it correctly, and maintain it well, you have the potential to make your new fence a rewarding investment.
The moral of the story is: do your homework! Consult with a professional before you make a commitment to any one type of fence, and let us help you through this exciting process to make sure that you get exactly what you want and exactly what you need. Not only will a fence raise the value of your home, but it will make living in your home a more valuable experience. Once you’re ready to take the next step contact the fencing experts at Beitzell Fence for a free quote. We’ll walk with you every step of the way, and be a valuable partner in all of your fencing needs.