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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. 

Adding a second coat of stain to wood can even out the color to some extent, but it won't drastically alter the hue if the initial application is too light or too dark. It's more effective at enhancing the richness of the color rather than significantly changing it. Ensure the first coat is dry before applying the second.

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. 

Yes, you can and should paint or stain pressure-treated wood, as this helps prevent the surface from cracking. However, it is crucial to wait for the wood to dry out completely from the chemical treatment process before applying a finish. If the wood is still wet, the paint will not adhere properly. The drying time can range from weeks to six months. To test if the wood is ready, drip some water onto a board. If the water is absorbed, the wood is dry enough for painting or staining. If the water beads up on the surface, it needs more time to dry. You can build with the wood while it's still wet, but you must wait for it to dry before painting.