Does a fence increase property value?
It can, but not always. The construction and material of the fence, the reason for adding one, and the area where you live factor into the value a fence adds to your home. A fence can increase value by adding curb appeal if it enhances the visual appeal or some other aspect of your home, such as adding privacy. Significantly improving security may also add more value in locations where break-ins are common.
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Reasons to add a fence
The best types of fences for homes may add value and be used to mark and beautify property lines, increase security, keep pets and children away from the street, block ambient sound, and reduce wind and sun exposure. A fence may also lower the cost of heating and cooling a home.
Common reasons to install a fence include:
- Privacy and security
- Creating a safe space for pets and children
- Aesthetics/improving curb appeal
- Dampening sound
- Reducing utility bills
- Protection from attractive nuisance incidents
Pro tip:
A pool is an example of a common attractive nuisance. If you have a swimming pool on your property, some homeowners insurance companies may require a fence around the pool, at least four feet tall.
What are the factors that affect a fence's value?
There are several factors to consider before installing a fence:
- Type
- Size
- Condition– it's important to keep a fence well maintained to retain its value
- Location
For homes on the market or soon to be, prospective buyers' preferences
What are the different types of fences and their benefits?
Fence options vary according to the material used to make the fence. Wood and metal are common, traditional fence options. Composite and vinyl are more modern fence choices. Metal fences are further subdivided into steel/decorative metal, aluminum, and chain-link fences, offering distinct advantages.
Wood
Wood fences vary from classic picket fences to taller, continuous-coverage privacy fences. Easy to work with, wood offers many different style options and is one of the more versatile fence options. Wood is comparatively inexpensive, and for DIYers with the right skill set, wood fences can be an even more affordable option since the homeowner can install them.
Decorative metal
Many modern decorative metal fences — those that feature scrollwork or other kinds of ornamentation — are made of steel. These fences can increase the curb appeal and offer a different kind of fence aesthetic option. Steel is generally a good material for adding security to a property, but some designs are better for security than others. Steel fences usually require professional installation, making them a more expensive option, but they don't need as much maintenance as wood.
Aluminum
Aluminum fences offer many benefits of decorative metal fences without the same aesthetic charm. They are lightweight, easy to maintain, good for delineating spaces, and a competent DIYer may install them to lower costs. They aren't usually available with continuous coverage, making them a poor choice for privacy.
Chain link
Chain-link fences are simple to install and one of the most inexpensive fence types. They can be used to delineate space, mark property lines, and keep pets and children from leaving the property. They don't contribute to the curb appeal and don't add much security as they could be easy to climb.
Composite
Composite materials — a mix of wood and plastic — are low maintenance, durable, and available in various colors and designs to complement any home. They tend to be expensive, though, and can't be painted — meaning that they may add less value to a home over time as the color fades or the surface becomes damaged.
Vinyl
One of the more expensive materials available and one of the best, vinyl fences are well-suited to any of the common reasons for installing a fence and require little maintenance. They can offer privacy, security, and wind and sound reduction.
What are the disadvantages of adding a fence?
There are some downsides to a fence, including:
- Cost of initial installation and continued maintenance
- Labor-intensive installation
- Possible town or county permit requirements
- Off-put neighbors
Does adding a fence affect your rate for homeowners insurance?
It won't necessarily affect your rate, but adding a fence can make your home more attractive to potential buyers.
Does homeowners insurance cover fences?
Other structures coverage on your homeowners insurance policy may cover fence damage caused by a covered peril, up to your coverage limit.
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