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All fences offer some degree of privacy, but standard perimeter fences may not be designed with that in mind. Dedicated privacy fences, however, tend to enclose smaller areas and feature more high-end materials that truly emphasize seclusion and comfort. Additionally, privacy fences typically offer fewer gaps to peek in through than standard fences, though you can likely adjust that to suit your preferences. 

A wrought iron fence is generally considered a worthwhile investment, provided the cost fits your budget and its characteristics meet your needs. While it is an expensive material, its exceptional durability and longevity mean you can save money over time by not having to replace it.

Key benefits include:

• Durability and Security: Wrought iron is strong and provides excellent security for your home.

• Longevity: With proper maintenance, it can last a lifetime or longer.

• Aesthetics: It offers a classy, timeless, and elegant look that can boost your home's curb appeal and property value, especially when complementing brick or stone architecture.

However, it's important to note that wrought iron fencing does not offer much privacy. If professionally installed and maintained, it is a sound long-term investment.

The most common type of metal fence today is one made of either steel or aluminum. These materials are relatively easy to fabricate, making them much more cost-effective than traditional metal fencing handmade from wrought iron. They’re also much lighter and easier to install, contributing to their affordability and making them more DIY-friendly.

The average cost to install a fence is between $1,800 and $4,500. However, the price can vary significantly based on several factors. For a small DIY project, costs could be as low as $450, while fencing a large property like a 5-acre yard can exceed $43,000. Key factors that influence the total cost include the fence's size and height, the material used, the complexity of the design, site preparation needs, and any additional features like gates. The cost of raw materials, manufacturing, and custom fabrication can also impact the final price.