If you think fences increase the valuation of your property, then the answer is yes. They also enhance the aesthetic appeal of your home and other aspects. In this blog, we will be learning about the factors that affect the valuation of a property and how fencing material can affect the value of your property.
Factors That Influence the Value of Property
Numerous factors can contribute to a property’s valuation. The condition of your home plays an important role in property value. A well-maintained property will have a higher valuation than one that is not. There are some factors other than the quality of your home that influence the property value, such as:
Location: A property’s location plays a pivotal role in determining its value. Homes in good neighborhoods tend to have higher valuations than those in less desirable areas.
School Area: The quality of the school area can also influence property values. Properties located near areas with good schools tend to have higher valuations than those without good-quality schools, as it makes a convenient choice for homeowners with kids.
Amenities: Amenities around your property also contribute to its value. If you have shopping centers and parks near your property, they can increase their valuation, as these amenities make the area more attractive for homeowners.
Backyard Size: The size of a property’s backyard is one of the factors that can influence the valuation of the property. Houses with large backyards tend to have a higher property value as they offer bigger space and have scope for outdoor gardens or entertainment.
Fencing: Fences are an ideal option for increasing the valuation of your property. If you have well-maintained fences with good-quality material, they can enhance the property value. Installing a fence can add to your property’s aesthetic appeal by enhancing your home’s safety and security. Buy vinyl, wooden, or metal fencing as per your preference.
Do Fences Increase Property Value?
The answer to this is yes: fences do increase the value of your property. By opting for high-quality materials and a good installation for your fences, you can effectively increase the valuation of your property and the chance of receiving up to 50% more return on the installation and material cost while selling off your property. Apart from being a good return on investment, fences also increase the chances of someone placing a bid on your property. Surveys show that homeowners with pets mostly opt out of purchasing properties without fences as they prefer properties that meet the needs of their pets.
Installing fencing enhances your property’s value and aesthetics, making it more appealing to buyers. You can buy vinyl wood or metal fencing to help increase your property’s security and privacy and keep intruders, unwanted visitors, and wild animals from entering your property. A properly maintained fence adds to the curb appeal of your property and makes your property a center of attraction in your neighborhood.
Different Fencing Materials and Their Impact on Property Valuation
One important thing to remember is that old and dirty fences will not increase the valuation of the property. Buyers always look for fencing designs that are new, well-maintained, and complement the property and the neighborhood. Given below are the different types of fencing materials and how they influence the valuation of the property:
Wooden fences are popular as they bring your property a timeless charm and aesthetic appeal. They can easily blend in with any type of house and are an ideal choice for many customers with personal preferences. Many often see wooden fences as a good option for privacy and security. Home buyers often consider this an additional benefit as it offers safety, security, and privacy for kids and poets to play. Wooden fences help accurately determine property lines and boundaries, which is a significant factor in influencing the decisions of potential buyers.
Mental fences offer high tensile strength, which provides an additional layer of protection for properties compared to other fencing materials. Wrought iron is durable and sturdy, yet it provides an elegant look and a more well-defined finish. Potential buyers are attracted to the intricate and stunning iron designs, which is one reason they influence property valuation.
Vinyl is a very popular fencing material because of its durability and strength. Vinyl fences require low maintenance; just a pressure wash with a garden hose is enough to keep them clean, which is why many homeowners buy vinyl fencing. It is a practical and great option. Vinyl fencing can withstand extreme weather conditions without rusting, routine, or breaking, making it an ideal choice compared to wooden or metal fences. These fences are available in the market in different colors, styles, and designs that help you choose the best match for your property. Vinyl fences offer the finish of wooden fences but are stronger and more durable than wooden fences. These qualities of vinyl fences influence the value of the property and appeal to potential buyers.
Thus, installing fences does contribute to increasing the value of your property. Duramax is a reputed name in the vinyl fencing industry. Our fences are manufactured using 100% virgin vinyl, resulting in their durability and strength. Duramax offers a transferrable limited lifetime warranty on its products. Our fences can withstand harsh weather conditions as they are resistant to moisture, UV radiation, and termites. Duramax vinyl fences are easy and hassle-free to install as they come in DIY kits with instruction manuals. Our fences are shipped within two weeks of the order being placed, and we ship our fences all across the USA. Buy vinyl fencing from Duramax. Book a free consultation today!