Does Building a Fence Raise The Value of Your Property?
Before you add any major addition to your property, one of the first questions you want to ask yourself is, “Will this affect the property value?” Many homeowners are afraid to add things to their property, such as a fence, because they are unsure if there will be consequences; so what is the real answer?
As always, you should check with your realtor if you are planning to sell your property and you want to add some new selling points. A good home seller is an educated home seller. Surrounding properties also shed some insight into how much your property is worth.
What Should You Look For When Making a Decision?
If your neighborhood is full of homes with surrounding fences and yours does not, building a fence will add value to your property in most cases. However, if no one else in your surrounding area has a fence and you decide to add your own, it could cause your property to stand out and decrease the price.
Speak to the Professionals
The best thing to do if you find yourself in this situation is to do your homework. One option is to have a local appraiser give you some insight for a small fee. Always ask a professional when you don’t know because it can save you time and money in the long run.
Another option is to have a local realtor find out for you. Realtors know what people are looking for and how properties work in your area. You can also ask tax assessors for some good insight into whether or not properties with fences are valued at more than those without fences.
Owning a home can be a stressful endeavor especially if you are planning to sell one day. If you are thinking of adding a fence to your property, check out the facts and make sure you do what’s best so your property stays valuable for years to come.
