Whether you’re considering selling your property or simply want to maximize its worth, a high-quality fence is a great investment. Aside from clearly demarcating your property and deterring trespassers, fences offer a wide range of benefits that buyers will appreciate.
Whether you’re considering selling your property or simply want to maximize its worth, a high-quality fence is a great investment. Aside from clearly demarcating your property and deterring trespassers, fences offer a wide range of benefits that buyers will appreciate.
Read on to learn about the 5 ways a fence instantly boosts home value.
1. Curb Appeal
Many real estate agents emphasize the importance of curb appeal when selling a home. Curb appeal refers to a property’s overall appearance, from the color and condition of the exterior to the landscaping and overall maintenance. It gives potential buyers a first impression of the home and helps them envision themselves living there.
Even if you aren’t planning to sell anytime soon, it’s worth considering ways to boost your home’s curb appeal. A few easy upgrades, such as a new doormat or painting the mailbox, can add up to big improvements in your home’s first impression. Plus, most of these projects can be done yourself, reducing labor costs. Low-maintenance landscaping and attractive house numbers are also good investments for increasing your home’s curb appeal.
2. Privacy
Besides increasing the overall appeal of your property, fence suppliers Wildwood can install fences that enhance privacy and security. Families with young children and pets prioritize these factors when choosing a new home, and the sense of safety and privacy that fences provide can help your property stand out in the market.
Additionally, if your fence features shrubs and trees such as lilac or yew, they can grow and block out the view of your neighbors’ yards. This is a great way to add curb appeal and increase your privacy without having to worry about trimming or planting. Homelight notes that homes with landscaping (which can include a fenced yard) sell for up to 10% more than comparable properties. This is a significant return on your investment that can increase your property value.
3. Security
In addition to privacy, a fence can help protect your property from intruders and deter crime. This makes it more attractive to potential buyers who value security in their homes, especially if your home backs up to a highway or other noisy areas.
A fence can also create a defined outdoor space for entertainment and leisure, which is important for homeowners who want to maximize their yard’s utility. However, the exact amount of value that a fence adds depends on your location and local real estate market. Generally, you’ll get a greater return on investment if your fence is well-constructed and well-maintained. This is why it’s crucial to consider
your fence installation as an investment rather than simply an aesthetic improvement. The right fencing can boost your property’s marketability and help you sell your home faster.
4. Aesthetics
When home buyers first set eyes on a property, aesthetics influence their emotional reactions and subtly affect their decision-making process. A fence that is well maintained and aesthetically appealing can create an impression of worth, which encourages potential buyers to pay a premium price for the property.
The beauty of a fence can be determined by its material and location. For example, a wood fence will attract buyers looking for a rustic farmhouse feel, while vinyl fences that mimic the look of wood are also an attractive option.
It is important to note that a fence is not an investment in the sense that it will return a specific dollar amount. However, it can improve curb appeal and increase privacy and security, which is an indirect way to boost value.
5. Utility
A fence also helps define outdoor spaces for recreational use, which can be a selling point in today’s lifestyle-oriented market. Whether it’s a lush garden oasis, children’s playground, or designated pet zone, a well-designed fence can make your property stand out from the competition when you go to sell.
While you may hear claims that a new fence adds $10,000 or more in value, remember that appraisers are looking at your home holistically, and your investment could pay off in ways beyond a higher sale price. Still, anything that adds curb appeal, security, privacy, or utility is a positive in the eyes of an appraiser. And, as homeowners across the country struggle with low inventory, any added convenience can make your property a more attractive prospect for buyers.