Does a fence increase property value
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Does A Fence Increase Property Value?
There are many reasons property owners might consider adding a fence to their property. It can create a comfortable barrier for privacy, prevent animals from nibbling at your garden, and can create a safe parameter for children and pets.
However, there is an added benefit to adding a fence to your property: it can increase the value of your home when it comes time to sell.
The average fence varies in height, though is roughly between six and nine feet tall. Depending on the height of your fence, the materials used and the maintenance required for the up-keep of the fence, your home will increase in varying degrees of value. Here are some influential factors.
Position of the Fence
Tall aesthetic fencing can create a decorative barrier between your home and a less than desirable view surrounding your home. If you are strategic with your fencing and place it just right, it can make potential buyers overlook the unsightly view. However, if placed incorrectly, it might deter potential buyers.
For example, a fence in the front yard of the house might block the view of the house from the curb, thus diminishing the curb appeal of the house. However, a fence placed in the back yard of your home can create a safe and comforting sensation, and thus increase the desirability of your home.
Money Value vs. Purpose Value
A fence might simply seem like a good investment for your property, however, the buyer is looking for functionality rather than investment value. Homeowners value their privacy in their garden, a serve a tall fence can provide.
Furthermore, homeowners are considering the safety of their pets and children. Fencing provides this safety as it is a boarder that can keep them away from any external potential dangers such as traffic.
For these buyers, a fence is a necessity on a new property, as it means less effort on their part hiring a contractor to build the fence. Thus, a house with a higher pricing is worth the convenience of not having to install a fence themselves.
The fencing material can influence the increase or decrease of your property. Wooden or other solid fences such as concrete or cast-iron fencing can net at least 50% of the material costs and installation upon resale. This is attributed to the aesthetic value of a solid fence.
However, there are fences which can work against the value of your home, such a chain-link fence. Chain-link fences give less of a snug and safe feel of a solid fence, and doesn’t have the benefit of privacy. Thus, a chain-link fence may not increase your property value at all.
Unless you are experienced in fence installation, hiring a professional can greatly impact the value of your home. Professional installation can bring you closer to ensuring a standard quality, promising long-lasting durability against the elements. Quality will be the shown in the test of time, and will increase the value of the home when you are ready to sell.
If you attempt to install a fence yourself without experience, the quality of the fence may not meet that of a professional installation, and will decrease your home’s value. To prevent this, you may want to make an additional investment to have your fence evaluated or updated before you show your home.
If you are considering agricultural fence building for your property within the Suffolk area, get in touch to ask about our fencing services. Find out more about our farm fencing.