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Typically, a fence requires one to two coats of stain. The exact number can vary depending on the porosity of the wood. For specific guidance, it's best to check the manufacturer's instructions. After applying the first coat and letting it dry completely, you can assess the finish. If it appears patchy, uneven, or you want a more saturated color, a second coat is recommended. An extra coat can also help cover lap marks.

In the vast majority of cases, chain-link fences are less expensive than wood fences. Installing a wood fence costs anywhere from 20% to 30% more than a chain-link fence, or an average of $3,100, whereas a similarly sized chain-link fence will average around $2,400. Even with add-ons and additional protective finishes, a chain-link fence is very likely to cost you less than a wood fence. The only exception would be a split rail wood fence, which can cost about half the price of a chain-link fence or less.

A chain-link fence does not lower your property value. However, chain links are not the most attractive materials—so it probably won’t raise the value either. If this is a concern, opt for wooden posts to provide visual flair and go with a color coating on your fence. Putting in a functional and attractive gate also helps up your resale value when installing a chain-link fence.

In most cases, wrought iron fencing will cause your property value to increase. Most types of fence—but especially high-quality wrought iron fences—make your home more secure and deter burglars, which adds to property value. Fences can also help keep children and pets safe, which most homebuyers will appreciate. Wrought iron fences are also highly decorative, and while they don’t provide much privacy, they do add to your home’s curb appeal, which often leads to higher home value.