Thinking about having a fence installed on your property? Perhaps you’re looking for a way to safely contain Fido, or maybe you’re more interested in getting a fence installed for privacy reasons. Regardless, choosing the right type of fence is key since the type of fence you install can have a large impact on the potential resale value of your home. This means that choosing the right type of fencing for your home can increase your resale value, whereas choosing poorly could result not only in lowered curb appeal, but lower property values as well.
By having a better understanding of how fencing can influence your home value, you can make sure that your fence installation project doesn’t come back to bite you down the road.
-Key Influencing Factors-
Material
One of the most influential factors to keep in mind when it comes to a fence’s impact on home value is the material used to construct it. For example, while chain-link fencing may be the most economical option available, most would agree that it is far from the most visually appealing fence option out there. Some home buyers may be turned off by a home with a chain-link fence because they’ll see it as an eyesore. Your homeowners associations may even have regulations and restrictions in place against using this fence material.
A nicer material – such as wood, wrought iron, or vinyl – can be a better option for those who want to maintain or increase their home’s value.
Positioning
The location and positioning of your fence can also have an impact on your home value. Consider, for example, the perception of a fenced-in front yard versus a fenced-in backyard. If your front yard is fenced in, potential buyers may assume (correctly or incorrectly) that the home is located in a less-than-desirable neighborhood with security concerns. On the other hand, a fenced-in backyard is usually highly desirable.
If you install a fence to block the view of something unsightly, such as a parking lot adjacent to your property, this could increase the potential value of your home should you attempt to sell it down the road. Buyers will likely appreciate not having to look at the eyesore while trying to enjoy time in their backyards.
Quality of Construction
No matter what type of fence you decide on, finding an experienced and reputable fencing company to install it is a must if you want to maintain or increase the value of your home. Unfortunately, poor installation can lead to your fence needing premature repairs or even beginning to fall over. This will obviously detract from the curb appeal of your home, which could affect your resale value. By choosing a fence installation company that will get the job done right, you can enjoy peace of mind since you know that your fence will stand up to the elements over the years. You might even get a warranty or guarantee along with your brand new fence.
Optimizing Home Value With a Fence
These are just a few of the most important factors that can influence the value of your home when having a fence installed on your property. With this in mind, there are a few steps you can take to optimize the value of your home with your fencing project.
If you live in a neighborhood with a homeowners association (HOA), start by checking your by-laws to see if there are any fencing restrictions in place when it comes to materials or height. Be sure to keep the style of your home in mind when choosing a fencing material; a fence that complements the existing style of your home will blend in seamlessly and will either not affect your home value at all or will improve your home value.
From there, make sure you take the time to perform maintenance on your fence. This will ensure that it looks nicer and weathers the elements for longer
Deciding on a fence can be a difficult task, but with a little consideration and research, you can make the right decision. For all your fencing needs in the Middle Tennessee area, be sure to contact the experts at Grizzly Fence. Call them today to receive a free estimate.
