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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. 

A stockade fence is a common type of privacy fence. These fences consist primarily of side-by-side boards without any gaps, thus eliminating the possibility of anyone peeking into your property. Stockade-style fences also typically included pointed pickets on top for even more security. Other than these traits, stockade fences come in a wide variety of styles. 

The cheapest farm fences are typically wire fences, which cost less to install than traditional lumber fences. Barbed wire is one of the most inexpensive options due to its simple materials, making it a good choice for low budgets. It is suitable for confining docile animals in large spaces, as it provides a visual barrier and a mild deterrent. Other options like hog wire and woven wire fences are also cost-effective because they require less lumber than a full wooden fence. These types of wire fences are strong, long-lasting, and relatively easy to repair, though they are often considered less aesthetically pleasing than wood.

You can buy wrought iron fencing from a trusted fence installation company near you. You could also opt to buy it privately from a homeowner who is interested in recycling their own wrought iron materials. Manufacturers stopped mass production of wrought iron as steel became more affordable to produce, so you likely won't find it in any local big box stores.