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You can use pressure-treated wood for a horizontal fence, but you’ll need to purchase a thicker and higher-quality variety to ensure it doesn’t sag or warp after you install it. Use #2 pine grade lumber and boards and thicker dimensional lumber, such as a two-by-six. You’ll also need to use stainless steel or hot-dipped galvanized fasteners, as the chemicals in the treated lumber will cause regular galvanized fasteners to rust. 

The lifespan of a picket fence largely depends on its material. Wooden picket fences typically last 10 to 15 years with regular maintenance, while vinyl and composite picket fences can last 20 to 30 years or more due to their resistance to weather, rot, and pests. Metal picket fences often exceed 30 years, especially when properly coated to prevent rust or corrosion.

A wrought iron fence is generally considered a worthwhile investment, provided the cost fits your budget and its characteristics meet your needs. While it is an expensive material, its exceptional durability and longevity mean you can save money over time by not having to replace it.

Key benefits include:

• Durability and Security: Wrought iron is strong and provides excellent security for your home.

• Longevity: With proper maintenance, it can last a lifetime or longer.

• Aesthetics: It offers a classy, timeless, and elegant look that can boost your home's curb appeal and property value, especially when complementing brick or stone architecture.

However, it's important to note that wrought iron fencing does not offer much privacy. If professionally installed and maintained, it is a sound long-term investment.

Planting greenery on a fence can help achieve more privacy, whether it’s shrubs along a picket or chain link fence or rolls of faux greenery to help create a solid-colored backdrop beyond the fence line. You can also try adding more lattice or paneling across a fence so that there are fewer places where passing eyeballs can see in.