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. 

Most homeowners don't need to inform their neighbors before constructing a fence, according to the law, but you will need to make sure that you’re building on the property line or on your side of the property line. Otherwise, the neighbor could complain, which would require you to tear down and reinstall the fence. In any case, keeping them in the loop is the neighborly thing to do!

Whether you inform your neighbors or not, always use property records and a land survey to ensure your fence stays within your property boundaries.

If you’re looking for a budget-friendly fence material, corrugated metal could be the answer. Metal fences cost about $7 to $32 per foot. Aluminum corrugated metal tends to be less expensive than steel. Both options are similar in cost to wood, so, depending on the type of wood you are considering, corrugated metal could be better for your budget.

A high-quality wrought iron fence is one of the most durable options available and can last a lifetime, or even centuries, with proper care. However, wrought iron is susceptible to rust and corrosion if not maintained.

To maximize its lifespan, regular maintenance is required. This includes:

• Cleaning the fence with soapy water every six months.

• Scrubbing away any rust or corrosion as soon as it appears.

• Applying a new coat of paint or refinishing the fence every few years to protect the metal from moisture and oxygen. The recommended frequency varies, with sources suggesting anywhere from every 1 to 10 years.

If significant rust develops, it's wise to hire a professional fence repair company to clean the rust and reseal the fence. The cost to refinish a fence is typically between $5 and $12 per square foot, a worthwhile investment to ensure its longevity.