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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. 

Who pays for a new fence between neighbors depends on its location relative to the property line. If you build the fence entirely on your property, you are solely responsible for the costs of installation, maintenance, and repair. If the fence is built directly on the property line, both neighbors are typically responsible for the costs. In this case, it is essential to consult with your neighbor beforehand to agree on a plan for payment. While you should always inform your neighbor of your plans in advance, you generally cannot force them to contribute financially unless there are specific local laws, such as in California, where both parties might be responsible for costs unless a different agreement exists. It's a good idea to get a property line survey to know the exact boundaries before building.

The ideal distance between fence posts depends on several factors, including the terrain, the purpose of the fence, and the material used. For different types of fences, here are some general guidelines:

• Wood and Metal Fences: Posts should be spaced between 5 and 8 feet apart.

• Vinyl Fences: Spacing can be between 6 and 8 feet.

• Chain-Link, Mesh, or Lattice Fences: Posts can be set anywhere from 4 to 25 feet apart, with 4-10 feet being common for chain-link.

• Wire Fences: Spacing can be up to 12 feet apart.

In most cases, a fence can only be built on your property with your consent. Not obtaining permission constitutes an encroachment and a violation of your property rights. However, exceptions may apply, such as when the fence is entirely within the property boundaries of the person putting it up and the fence complies with local zoning laws and regulations. If you think a fence infringes on your property or is not up to local standards, consult with local authorities or legal experts to address the issue and protect your property rights.