The market value of a home depends on a variety of different factors. Deciding which home improvement projects to do and which ones to skip often comes down to determining which will give you the most return on your investment. While kitchen and bathroom remodel generally offer the best ROI, where do the fences fall? Read on to find out what real estate experts and builders believe.
Will a fence help sell your home
A fence is a commercial feature that will help sell your home faster but will not necessarily increase the value of the home. In other words, a buyer will most likely not pay more for the home simply because they have a fence, but the buyer may choose to buy the home for many reasons, including ownership of the fence.
There are many houses that do not have a fence just as there are many buyers who prefer not to have a fence. Since a fence is preferred service, the appraised value of the home does not adjust based on having one or not.
Some fences can improve curb appeal
Generally, a fence does not increase the value of a home. There are some situations where a fence increases in value, but in most cases, it does not.
If you want a fence because of kids or pets, that’s a good reason to install one. If you are looking to sell your home and are considering home improvement projects to help sell it, you can usually cross “build a fence” off your list.
There are some situations where a fence will add value. These include when your property is backed up by something noisy or ugly, like a highway, rail, or water treatment facility. In circumstances like these, a fence can block out noise and unfavourable views.
Additionally, some fences can enhance curb appeal and can make the difference between selling your home and staying on the market. In this case, the fence may not add value to your appraisal, but selling faster has considerable value in itself.
A fence always improves the value of the property
When it comes to putting up a fence on a property, there are three types of fencing we look at. The three types of fences are chain link, wood, and PVC fences. Chain link fences add security but are the cheapest to install and do not add privacy. Wooden fences are more expensive, but add much more value than chain links, mainly due to the fact that you have greater security and complete privacy after installation. PVC fences will be the most expensive to install. PVC has the same functionality as a wooden fence, but if properly maintained it will last longer and look better than a wooden fence.
It can, but it is not a guarantee
Adding a fence is not a small project to attempt to undertake. Therefore, it is important to know if the value of your home will increase. The short answer is that you can, but it is not a guarantee. The two main factors that people look for in a fence are security and privacy, so this can help increase the value of your home if your chosen fence adds these elements to your yard. If you live in a suburb with many families and small children or pets, a good fence is a great way to keep them safe. A fence could increase the value of your home, especially if the fence is in good repair.
As long as you keep it close, you can add value to your home. This means that you should routinely look for and correct any damage and make sure to wash it once or twice a year. It can also potentially help your home sell faster. The appraiser will look at the fence and see how it aligns with what buyers in the area want to get full value.
A good return on investment
Attractive fences, especially those made of vinyl, aluminium, or wrought iron, can increase your home’s value and get a good return on your investment. However, it is important to also think about the safety benefits of installing a fence. The right type of fence can deter thieves and vandals. Ultimately, this can save you money on lost items and repairs. In the long run, you’ll save money on your home insurance fees because fewer claims were filed.
To get the home value and safety benefits of a fence, look for ones that are transparent. Avoid solidly built fences, as they give burglars a place to hide when they enter your home. If you want a sturdy fence in your backyard for privacy, consider covering it with prickly plants like climbing roses to make it harder for intruders to climb.
First impressions are important!
The front of your house is the first thing people see; And if you are selling, the curb appeal of a house is what attracts prospective buyers. In fact, it is estimated that the exterior of your home can represent up to 7% of the home’s sales price.
If your garden has a fence, I recommend cleaning it at least every five years to remove natural elements such as dirt, moss, mould or any other type of accumulation; a pressure wash generally works best. Then you can repaint it or reseal it after washing. Similar to fences, if you have a deck, a good pressure wash and seal makes a big difference and will also help you catch any wood rot before it becomes a bigger problem.
Now that you know the importance of a fence for your home, take some time to consider what type of fence will be best for your needs. If you are still unsure, our team can help you make the right decision. We offer a wide variety of fences in Surrey that will add security and privacy to your home while also increasing its value.
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