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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.

While most homeowners aren't required to tell their neighbors that they’re putting up a fence, it's certainly a good idea to do so. Not only is it considerate to give neighbors a heads up about construction noise, but building a fence may limit your neighbors' access to their own backyards while building is taking place. 

Determining the best type of fence to contain your pet can be tricky. Consult a pet fence installer and consider the following questions:

• What size pet do you have? Some fence types, like chain link, are too short to contain large dogs.

• Is digging an issue? Some fences, like brick or stone, help minimize digging at the fence line, where wood fences aren’t as adequate. 

• Do you need to block your pet’s view of the neighbor's yard? Some fences, like metal iron fencing and chain link, don’t offer an obstructed view.

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.