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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. 

This depends mainly on how well the posts were installed and what type of wood was used to build the gate in the first place. Softwoods have a life expectancy of up to 15 years but can last slightly longer with regular maintenance and waterproofing treatments. By contrast, hardwoods can last up to 30 years with little care, so you may avoid costly replacements by spending a little more upfront.

A wrought iron fence costs about $3,150 on average. The price can range from as low as $470 to as high as $10,310 or more. The cost to install a wrought iron fence can vary dramatically depending on the size (in terms of height and linear feet), design complexity, shape, and add-ons such as gates and decorative flourishes. Consult a wrought iron fence professional with the measurements and specifications of your project to determine an accurate estimate.

If you’re part of a homeowners association (HOA), you’ll need to speak with them regarding your fence repairs prior to starting work. Sometimes, you’ll need HOA approval to start repairs and ensure that the completed project meets their standards. In other cases, direct approval might not be required to start the project. Speaking with your HOA first will help avoid any unnecessary fines and headaches.