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How much more value does a fence do for a home?

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Steve, "VWGTI2003"

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June 23 - Denver
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bamkmartin

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In my neighborhood, no value.  If in bad condition, I would deduct a few k from the offer price.
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June 25
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Nancy Lee, "An OrderLee Home"

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Do you live in a neighborhood where fences are the norm, or if the demographic group (most probable buyer) most likely to purchase your house has young children or pets?  Offering a fence (that is consistent with the neighborhood) may not actually increase the asking price of your house, but it may help hold the asking price (see sunny's comment about considering the cost of fencing in her offer).  And, it may increase the number of people willing to make an offer (a lot of people are not as flexible as sunny - they want the fence to already be there). 

If at least one side of your yard is already defined by a neighbor's fence, give serious consideration to finishing the job.
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June 24
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sunnyview

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I think it depends on the house and the fence. Fences that make the yard more private or more useable for families or pet owners I think add value. How much is anybody's guess, but if it make the house look better then it might be worth it. If you are selling, you are trying to paint a picture for the new owners. If a fence says safety, privacy, usability to a potential buyer then I would think that would give you a better offer in the end. I considered houses with no fence, but I always planned for the cost of installing one in my offer price. Some people won't consider an unfenced yard, while others like the open feeling of no fence. It really depends on target buyer. For a family house, I would think a fence would add value for most buyers especially with children or pets.
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June 23
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wetdawgs

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Fence does not add $$ value to a home, but it may make potential buyers willing to consider it (and chase away other potential buyers).   With my screen name, you can guess my opinion easily.
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June 23
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Eric Patterson, "Eric Patterson"

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From an Appraisal standpoint a simple fence will add no discernible value to the home.

If it's an elaborate custom made wood or metal fence it may help the home stand out from other homes therefore making the home more marketable if you were trying to sell the property.
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June 23
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fplaise

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June 23
 

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