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If you've decided you'd like to skip the cost of restoring a brick exterior wall after considering whether you should repair or replace brick on your house, you can consider installing fiber cement siding over brick for a cost of $2 to $6 per square foot. When done properly, cement siding over brick offers a durable, low-maintenance option that can actually reduce your home's energy costs. It's also attractive. However, improper installation or installation over heavily compromised brick can cause water damage. 

Each design is different, so we can’t say definitively if you’ll need a dedicated drainage system in place for a two-foot retaining wall. However, you can likely skip the drainage, as this project is typically served for walls that are 4 feet tall or more. Even with a relatively low wall, consider drainage if you are building on top of clay or poor-draining soil types or if there are buried water sources nearby, like a well used for other outdoor garden projects.

Poured concrete is often the cheapest material for a retaining wall, costing around $6 to $8 per square foot. Other budget-friendly options include vinyl and landscaping timbers, which range from $10 to $15 per square foot; landscaping timbers are particularly well-suited for DIY projects. Untreated timber and railroad ties are a step up in price, starting at $15 to $25 per square foot. Natural stones can also be a cost-effective choice if you can source them from your own property, but they can be expensive to purchase. High-end materials like steel are typically the most expensive but offer superior durability and aesthetics.

While vinyl is the least costly material for building a retaining wall, the most cost-effective method is to use wood or concrete blocks for a DIY retaining wall under 2 feet tall. Wood is inexpensive but lasts 20 years or more with care. Concrete can cost a little more but is stronger and will last longer with less maintenance.