Property Value Creation: Fence

February 13, 2019

Does a nice fence increase the value of a property?

 

The short answer is "yes". The long answer is "yes, yes it does".

 

Nowadays you will get contractors coming to your house and telling you that putting up a fence does not really affect the property value and so they will try to sell you a cheap fence. Now this is true in a very small scale. For example, if a house is located in an area where no houses have fences, then in this case, the value of a property may actually decrease by erecting a fence. Now think to yourself, how often do you see neighborhood where no property are fenced. Furthermore, if a contractor is trying to sell or replace a fence in the first place, the contractor is already proposing value creation to your property.

 

In general, the appearance of a fence adds value to the property overall. Everyone loves their privacy and so do buyers when they consider buying a house. Many potential buyers are looking for a home with a fence because they have pets or want their children to be able to play in the yard safely. It can be said that the benefits of having a fence outweighs not having a fence significantly. In fact, according to appraisers in the article "13 Big Threats to Your Home's Value" from MSN Real Estate, when you look at standard appraisal forms, there is a premium paid for fences! As a result, a fence can impact the value of a property by as much as 5 to 10%!

 

Next time a contractor tries to make a quick easy buck by selling you a cheap fence, ask him questions and see if he really knows what he is talking about. My guess is, the contractor probably has no real estate knowledge.

Share on Facebook
Share on Twitter
Please reload

Featured Posts

Do you live in a noisy neighborhood? Concrete sound barriers could be your solution to peace and quiet..

It is about time to turn down the volume! Nois...

What is With All the Noise Pollution?

September 27, 2019

1/1
Please reload

Recent Posts

November 22, 2019

November 24, 2018

Please reload

Archive
Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square