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When deciding to replace or repair your existing fence, consider the 20% rule that fence builders reference. This rule states that if more than 20% of your fence needs repair, you should skip the repair and replace it. Additionally, if your fence is nearing the end of its life, it's often best to replace it.

Repairing the fence is a good option when you have minimal damage or damage from a specific event versus wear and tear. Your fence repair professional can assess the damage and compare the repair price with the cost of a new fence.

You can use pressure-treated wood for a horizontal fence, but you’ll need to purchase a thicker and higher-quality variety to ensure it doesn’t sag or warp after you install it. Use #2 pine grade lumber and boards and thicker dimensional lumber, such as a two-by-six. You’ll also need to use stainless steel or hot-dipped galvanized fasteners, as the chemicals in the treated lumber will cause regular galvanized fasteners to rust. 

You can use soil and gravel instead of concrete when setting fence posts. However, concrete is more durable and longer lasting, so it's worth considering if you want your fence to withstand the test of time. You should especially consider concrete if you live in a region that experiences severe weather, which can damage your fence.

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.