Have you ever wondered if a fence adds value to a home? In this blog post, we’ll point out popular types of fences that influence buyers’ decisions to buy a new home. Also, you will learn how appraisers determine the value of homes with fences versus those without. Let’s explore how features like curb appeal, privacy, security, and functionality add value to your home.
Yes, a fence adds value to a home if it adds benefits such as, curb appeal, privacy, security, and added functionality. Your fence’s material, condition, and location can also affect its value. Let’s discuss each below:
To attract potential buyers, it is essential to have an attractive exterior and curb appeal. Good curb appeal is all about impressing people with your homes exterior. A nice picket or privacy fence with manicured landscaping can help boost your homes value just by looks. Real estate professionals consider curb appeal as one of the, if not the most, vital contributors to a home’s value, making up to 7% of it.
Adding a privacy fence to your property keeps nosy neighbors and pesky animals away from your garden. Residential fencing is not just about privacy; it’s also about ensuring your safety. A security fence can act as a barrier against potential security threats, making it more difficult for intruders to enter your home.
Another way to boost your property’s value is by making it more valuable, like adding some gates. If a family with kids is interested in buying your home, they’d be willing to pay more to keep their children safe. The same goes for people specifically with dogs .
Millennials love their dogs. In fact, a study of new millennial homeowners discovered that 33% of them considered whether there was a durable and good-looking fence before making their decision.
While a fence can add value to a home as mentioned earlier, there are some cases where it may not necessarily increase its value when selling, according to real estate professionals. The person who gets to decide if your fence boosts your home’s value is the home appraiser. They assess your property during a sale to set a fair price. While inspecting, the appraiser looks at your fence to see if it adds or takes away value, considering its condition, neighborhood trends, and what other buyers in the location prefer.
Typically, privacy fences crafted from wood or vinyl are the kind that give your property the best value boost. These fences are often sturdy and look visually appealing, making them popular for those wanting to increase their property value.
A fence can be a game-changer for your home’s value, offering curb appeal, privacy, security, and functionality benefits. Your material and design choices for your fence can impact its overall desirability and market value. However, this is only true if your property meets specific criteria, such as its condition, the trends of the neighborhood, and the preferences of other buyers in the area.
Before jumping into a fence installation and contacting your fence company, take a moment to evaluate your specific needs and circumstances. Your current situation should guide your decision, ensuring that the chosen fence aligns with your lifestyle and enhances your home’s overall value.