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Wire fences are generally the most inexpensive type of farm fence to install, especially compared to lumber. Barbed wire is one of the cheapest options due to its simple materials, making it a good choice for low budgets and for confining docile animals in large spaces. Other options include hog wire and woven wire fences, which are strong, long-lasting, and relatively easy to repair. While wire fences require less lumber and reduce overall project costs, they are often considered less aesthetically pleasing than traditional wood fences.

If you only use your gate as a pedestrian, walking through without a vehicle, you’re fine to stick with a single fence gate. If your fence opening needs to accommodate vehicles of any kind, from cars to trucks to 4-wheelers, then a double fence gate will suit the space much better and give you more freedom. 

The average lifespan of a wood fence is 15 to 20 years, but some can last for 40 years or more depending on several factors. The type of wood is crucial; for example, untreated pine may only last 5 to 10 years, while pressure-treated pine can last up to 20 years, and cedar's natural resistance can extend its life to 40 years. Other factors include local weather conditions, with wet and windy climates causing faster deterioration, and the quality of maintenance. Higher-end wood, metal posts, and privacy fence styles also tend to last longer.

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.