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Wood stain is typically dry to the touch within 6 to 12 hours, but it is not fully cured at this point. You should wait at least 24 hours before applying a second coat or a protective finish. For surfaces like decks, avoid walking on them for at least 24 to 48 hours, and wait even longer before placing furniture. The full curing process can take from 24 hours to one week, depending on the type of stain. Factors like high humidity and cold temperatures can extend drying and curing times, so it's wise to allow for extra time in these conditions.

You can paint an old wooden fence, but make sure first to do a deep clean (ideally with a pressure washer) and inspect the fence for any existing damage. Painting over dirt and debris will cause your paint to peel. Once you’ve cleaned and repaired any minor issues, use a primer and high-quality satin paint.

The longevity of paint on wood depends on factors like the quality of the paint, surface preparation, exposure to elements, and maintenance. Exterior paint on wood surfaces can last 5 to 15 years or more with proper care and maintenance. Interior paint tends to have a longer life span, often 10 years or more. Regular cleaning, touch-ups, and addressing any issues like peeling or cracking can extend the life of the paint. 

You can use latex or acrylic paint outdoors. Although acrylic paint tends to last longer outside, it also costs more, so if you’re painting the outside of your house, for instance, latex paint is often a go-to option. However, acrylic will be your best choice if you want to spend some extra money for added durability.