Does putting a fence on your property, increase the value?

I have been doing a lot of research about this question.  I have gotten information from both sides.  Some saying adding a fence does increase the property and others saying it doesn't really doesn't. 

I am very interested to hear what others in our local market have to say about it.
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October 23 2009 - Charlotte
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Replies (13)

Assuming the neighborhood properties have fences and your property does not then there is a 99% chance that adding a fence WILL increase the value. You have three good options. Have a local appraiser tell you(for a fee), have a local realtor find out for you, look to the tax assessors info for insight(see if those with fences are valued at more than those without.) best of luck.
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October 23 2009
If the neighborhood is full of fences it may increase the price but if most are with out fences adding one will separate your home from the majority and will probably decrease the value.
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October 26 2009
Depends on the neighborhood.  If it is an older neighborhood with postage stamp lots and you want to frame it then great especially if others in the area did that also.  If you want to keep dogs out of the yard that is a good thing.  You have to talk with your realtor about who would buy your home.  Would it be a first time homebuyer or .... or .....

It also depends on whether someone wants a fence or not.  This is rather an interest peaking question depending upon the area, the subdivision, the HOA rules.
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October 27 2009
If the fence creates a sense of place, it will increase the value.  If the fence makes it look like a jail, then it does not. 

The fence in itself does not create value, it is how the fence is done. 
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October 28 2009
Fences sell properties. The cost of a fence is generally recouped in the purchase price. And especially in the "time on market". Many homebuyers do not have the cash to spend on installing a fence, and not having a fence can DEFINITELY make the difference in selling a home. Many homebuyers have pets and children. And homes with good fences will sell before those without.
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November 10 2009
Profile picture for sunnyview
I complete agree with Mr. Nathan. One of the reasons my current house did not sell was that it had no fence so it appeared to have no yard. People that talked about the house when it was for sale complained that there was no yard when in fact the yard was comparable in size to others in the neighborhood. 

After purchase, the first thing I did was fence it with a beautiful white picket added a flower border between the fence and the street. Voila.. the house now has a yard. People who have saw the before and after are amazed at the difference and everyone who comes over with children comments on how nice it is to be able to let the kids play outside where you can keep track of them. 
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November 10 2009
Profile picture for ptown_west
I think style and quality of fencing is also important. It should fit the neighborhood, particularly in a historic neighborhood. A 6 foot privacy fence made of vinyl would destroy value where a 4 foot picket fence made of wood might frame a lot while suggesting neighborly chatting across the fence. Another consideration is that for a buyer with a dog a fence that fully encloses a space is a must. If a picket fence do the neighborly thing and face the pickets outwards so your neighbor is looking at the nice side. Another option, depending on location, is to use something like privet hedge to frame a lot. That way a new owner can decide over time how neighborly they want to be by regulating the height of the hedge.

One other caution, know where you are putting your fence. It may be worth it to have a surveyor mark the line for you. A fence put in the wrong location causes all sorts of problems and can even sink a deal by creating a boundary dispute.
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November 11 2009
I beleive that it would increase the value just for nothing else protection.

Dr. Gary J. MacDiarmid Sr.
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November 11 2009
Fences, like most improvements, are only valuable to those who desire them.  Fences that create privacy, security or will be used by a new owner to keep children and pets safe, will always add value, as long as they are in keeping with the architectural style of the home and neighborhood.

Obviously, a chain link Sears fence in a high end neighborhood will not add value.  A black iron fence on a Salt Box Colonial is also not a good choice.  I think that a quality privacy fence that is in keeping with others in the nieghborhood will always increase value. A "site built" fence is usually of higher quality and your contractor should use nails or screws and the posts should be anchored in cement for best results.  Often times the inexpensive 6x 6panels bought at a home improvement store are prone to warpage and are most often assembled by being stapled together.  The result is an inferior fence that does not last more then a few years at most.  Hope this helps!
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November 11 2009
I have been looking thru my information on homes improvements and percentages of your investment that is recouped in a resale.  According to my sheet which consists of remodeled kitchens, baths , lawns and gardens, fireplaces and all the entities of the home and outside the home.  A vinyl  privacy fence( that means higher than 4 ft)   will net you a return of approximately 40%. Exterior paint will net you 50%,   while room additions net 80%.  

I have people all the time asking for a home with a fenced yard , Most people like to know the boundaries of the yard.  If the homes are closer in proximity, most people like the fact that they have some privacy and are not looking into a neighbors yard or home. So yes, there is a value placed on that.  Some people may tell you no value, and I am certainly not an expert, just going by what I have gathered through out my years in Real Estate.  Good luck to yiou.
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May 22
Profile picture for user2703240
I would like some feedback as I am struggling with fence or no fence on one side of my property.  Our 1.25 acres share a boundary with a private access road for a few more house to the north of us.  Our property along this paved private drive is approx 120 long and has about 8 pine trees spaced equal along the length.

The trees do not prevent us having a view of our neighbor across the private drive.  The trees and lawn give the place a park like setting but the house across the private drive which about 1.5 car wide is poorly taken care of.  We have room to install a fence with room to spare between the trees and the pavement so a custom built wood fence would fit fine.

Since it does not look like the owner of the offending property is going to clean the place up anytime soon and we have problems with the animals we are look at spending approx $3000 to have a 6-7 foot fence installed. 

The question is will hiding a neighbor house with the fence or at least a bunch of it be a good reason to spend the money? will hiding the house add value to our place?    there is more to this story than what I wrote but you get the general idea. 
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June 03
The question is will hiding a neighbor house with the fence or at least a bunch of it be a good reason to spend the money? will hiding the house add value to our place?  

Fences typically do not ADD value but if you think the cost is worth it to you then spend the money. 
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June 03

It depends what you are trying to keep in or out! And the next buyer, is he/she trying to keep their dog in or out. Is it in conformance with the rest of the neighborhood to have fences? Or are you going to look odd. No matter what, check with the HOA to see if it is in conformance.
Good luck!
Shannon

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June 05
 
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