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Yes, a well-built fence can increase your home value as it improves your property’s curb appeal and also provides enhanced security. Online studies show that fences have a 50% recovery rate, meaning investing $10,000 in a new fence can potentially increase your property value by $5,000 in the end. The number may fluctuate depending on the quality, material, and design of your fence.

If you have the time and the budget, we strongly recommend staining your fence, especially if it's looking a bit tired or hasn't been treated recently. While you may not see the same return on investment (ROI) as you would with a project like a kitchen remodel, staining a fence is one of the best ways to add a facelift to your property—a new fence stain adds serious curb appeal to your home. 

You can't build a fence against your neighbor's fence if it touches or is attached to it unless you get explicit permission from your neighbor. Most municipalities recommend building a fence about two feet away from your neighbor's fence to allow access for fence repair and mowing.

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.