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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.

If the fence is on one neighbor’s property, that person is responsible for repairs, regardless of who benefits from the fence more. The other neighbor must keep trees and other obstacles from crossing the property line and affecting the fence. If the fence is directly on the property line, though, who owns a shared fence? Many states have laws that address this issue. Typically, the two property owners would share responsibilities and costs for fence maintenance and repair. You may need a property line survey to precisely determine ownership and responsibility.

Black chain-link fences last an average of 15 to 20 years. The thicker a fence's wire gauge, the longer it will tend to last. The black vinyl coating gives the fence rust and corrosion resistance, but its life span may be lower in wet, humid, or coastal climates where moisture or salty air can corrode the coating more quickly.

A metal fence can last for over 30 years if maintained correctly, though the exact lifespan varies by material. For instance, chain-link and aluminum fences can function well for 25 to 30 years, while corrugated metal fences may last up to 60 years with regular maintenance. The lifespan can be shortened by harsh weather, abuse, or lower-quality materials. Galvanized metal tends to last longer due to its protective barrier, whereas sheet and corrugated metal may rust faster than solid pieces.