One of the most important factors to consider when determining whether or not a vinyl fence will increase the value of your property is what type of fence you choose. Vinyl fencing is available in three different heights: pet, standard, and privacy, each with its own benefits.
If you are planning on selling your home soon, it is always best to maintain your property’s current curb appeal by choosing the standard height for your fence. The higher privacy fences can make certain areas of your yard difficult to access from the road, while the lower pet fences can make your yard look cluttered.
Does Adding a Fence Increase Property Taxes?
Fences can cause property taxes to go up by $2,000+ a year. The change in property taxes comes from the newly assessed value of your property. If you were to build a fence around your home, the appraiser will not just be looking at the land value, but also how much square footage the fence takes up.
The appraiser will generally count the square footage of the fence on one side of your property line and multiply that number by two to find out the total square footage of your fence. Essentially, you’re paying for the square footage of your fence twice: once in property taxes and once in your mortgage.
Here’s an example: If you build a 6-foot fence around your property, the appraiser will generally multiply that by two to find out that the fence takes up 12 square feet of space.
The appraiser will then add 12 square feet to the assessed value of your home, even though you’re only paying for 6 square feet in property taxes.
So instead of paying $2,000+ a year in property taxes on a $200,000 home, you could pay $2,500+ a year in property taxes on a $200,000 home with a 6-foot fence.
How to get around paying for your fence twice: The best way to avoid paying for your fence twice is to build a shorter fence that only takes up half of the property line, as long as it doesn’t encroach on your neighbor’s property.
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How Much Value Does a Privacy Fence Add to Your Home?
Privacy fences are an excellent feature for a yard as they help shield your yard from your neighbors and create a sense of privacy. If you live in a community with strict homeowners association rules, a privacy fence will allow you to maintain your property the way you want without being told what to do by someone else.
Since the fence is on your property and not your neighbor’s, you have the right to decide how high it is, where it’s placed, if you want to paint it or stain it, or install electric wiring on it. You can’t use materials that are unsafe or don’t conform to standards.
Privacy fences have become a basic necessity for many homeowners. They offer security, style, and privacy. The average cost for a privacy fence is $1,000 – $2,500. A privacy fence adds value to your home by protecting it from thieves and vandals.
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Are Vinyl Fences a Good Investment?
A vinyl fence is a great investment for many reasons. They are typically less expensive than wood, metal, or wrought iron fences. If you want to install it yourself, it could cost around $2,400 – $10,000, depending on the height and size of the fence, meaning that a vinyl fence will last about 15 years before it needs to be replaced. That’s cheaper than aluminum, which lasts only 12 years.
Vinyl fences also don’t rot and warp as wood fences do over time. Vinyl fences are available in a variety of colors so they can blend into your home. Vinyl fences are also easy to clean and maintain.
- Vinyl fences are less expensive than wood, metal, or wrought iron.
- They are durable and will last for a long time.
- They don’t rot or warp like wood fences do over time.
- They are available in a variety of colors so they can blend into your home.
- They are easy to clean and maintain.
Does a White Vinyl Fence Increase Home Value?
A white vinyl fence can increase home value and make the property more appealing to buyers, but it is not a guarantee. More expensive properties and newer properties tend to get a higher return on investment when they install a white vinyl fence. The average gain in property value is approximately $5,000.
A white vinyl fence can be a good investment but it isn’t always a guarantee. A white vinyl fence is going to appeal to a wider audience than just the people who want a traditional wood fence.
The wide range of fence styles and materials available in today’s market means that everyone can find something they’re looking for.
White vinyl fences are typically more affordable than other types of fences, meaning that homeowners can save money on upfront costs and have more money available for other home improvements.
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Do Fences Lower Property Value?
Many people believe that fences will lower property value and make it seem more like an average house instead of a special one. That might be the case if you have a run-down, old fence. But newer fences can actually add value when it comes to the market price of your home.
A newer fence will make your home stand out from others on the market, while also providing security and privacy. With today’s high-tech materials and designs, many homeowners are opting for attractive and durable fences to enhance their home’s curb appeal and value.
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A fence is not just a tool to keep your family safe, it’s also an investment. While fences do increase the value of the property, they are not the only factor that increases property value. There are many other factors that determine the overall price of a home and fencing is just one consideration.
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