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Retaining walls offer more value to a home if they also divert water, prevent erosion, or help support a foundation. The ROI of a retaining wall is between 100% and 200%.

Both fences and walls can increase your home’s value, but you’ll spend significantly more on a wall than you would on a fence. A stone wall costs approximately $5,000, a retaining wall costs $6,100, and a fence costs $3,200 on average to put prices in perspective. 

The average lifespan of a wood fence is 15 to 20 years, but some can last for 40 years or more depending on several factors. The type of wood is crucial; for example, untreated pine may only last 5 to 10 years, while pressure-treated pine can last up to 20 years, and cedar's natural resistance can extend its life to 40 years. Other factors include local weather conditions, with wet and windy climates causing faster deterioration, and the quality of maintenance. Higher-end wood, metal posts, and privacy fence styles also tend to last longer.

The most durable metal for a fence is wrought iron. With proper care, a wrought iron fence can last for centuries. This means regular resealing to stave off rust and corrosion, especially in coastal climates with salty sea air. In these environments, chain link and corrugated fencing tend to stand up better to the elements with fewer maintenance needs.

A setback is an area of space between your fence and the property line, meaning you build a fence a few inches before your neighbor’s property begins. You can build your fence on a setback—some communities recommend this—but this means a sliver of your property will be on your neighbor’s side of your fence.