Will A Fence Increase My Property Value
Posted on January 1, 2012
It just makes sense that the addition of a good-looking fence will increase a property’s value.
“Why,” you ask?
First, can we say “Curb Appeal”? This very important element is the mainstay of many residential fence companies and all landscaping businesses. It is no coincidence that homeowners work hard and spend money to keep the front of their home in good shape. They know and understand the inherent value of good looks. The smallest reward for a good-looking face on a home is ‘happy neighbors’. This will obviously translate to dollars when a home is ‘on the market’. The competition in today’s real estate game requires that home sellers do all they can to get a leg-up.
Second in consideration is Staging. Staging is the term for preparing your home for viewing on the real estate market. It loosely means to clean, de-clutter, and streamline the furniture and decorations in the home. Sellers routinely do this so that homebuyers can instantly visualize themselves and their belongings in the highlighted spaces within the house and on the property. Definitive outdoor spaces are a great way to create the illusion of livable space within a home. An easy to achieve this is with the installation of a wood or vinyl privacy fence. Once the space is defined an eye for decoration is needed to make the space welcoming for use. Get creative and make your outdoor space work for you whether for yourself, or for ‘the market’.
Third, and most importantly, are the most significant reasons for installing any residential fence. These are security, privacy and containment of small children and animals. What a value to any home! While appraisers may add limited values to smaller homes with a simple privacy fence; homebuyers will immediately see the value of simply being able to protect their patio furniture and grill. Pet owners and parents of small children (often first time homebuyers) will instantly see the benefits of a fence.
When considering a fence, you must keep in mind that quality shows! A good quality fence will increase your property value while a poorly installed fence can actually decrease value after a few years of deterioration. Make sure you get a reputable company with a quality product and secure installation method. You could literally pay the price for a bad choice at re-sale time. You must also be sure to treat your wood fence at least every two years to four years.
Be visually selective and aesthetically aware. Gladly, there many fence alternatives for defining and decorating your outdoor areas. Diverse home styles will invite a range of styles of fencing. Your project manager will be able to give you design ideas and visual solutions for your outdoor areas. Do your own research too! Look at fences around your neighborhood and the Internet is always a great resource of images for ideas.
It is recommended before the purchase of a home or when planning to enclose your yard that you check with any related Homeowners Associations (HOA) to see what fence products or specifications are approved for the neighborhood.
Keep ongoing value in mind:
Select a fence style that will complement your house and existing structures. Materials for a more formal house may hint at wrought iron while a farm setting may be better suited to vinyl board fencing.
Colors that complement the house, out buildings and other structures are good. Is your home in a black wrought iron, stained cedar, or white vynil setting?
Choose a reputable installer to keep on top of visual and monetary value. Maintain the fence as needed. Fences in disrepair can affect property value negatively.