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Hedges are a better financial investment for a home than fences in several ways. First, hedges are less expensive to install than fences. Fence installation costs $1,775 to $4,600, depending on the type and size. You can also choose to plant smaller and less expensive hedges, knowing that it will take longer for them to mature. Next, mature hedges add resale value to the home, meaning the cost savings get even better when it's time to sell.

A fence post set in concrete lasts anywhere from five to over 25 years, depending on how well the concrete was applied and the fence post’s material. Untreated wood posts in concrete could last less than 10 years, but a durable, treated wood set in properly applied concrete could last a few decades. However, all fence posts will wear out eventually, so expect to need to replace your fence post every five to 15 years.

How long a wood fence lasts depends on the type of wood and its style. The design of a shadow box fence makes it more durable than other fence types because the alternating pickets disperse the weight across the rails. As a result, you won’t have to worry as much about sagging or failing pickets. However, remember that the hollow design of a shadow box fence makes it more difficult to apply the sealer, which is crucial to extending its life.

In most cases, you will need a building permit to put up a vinyl fence, especially if the fence is sitting on or close to your property line. You can ask your local building department or  fence installation company if your fence project will require a permit. If so, you can expect it to cost between $20 and $60. Your fence installer should pull the permit for you. Building without a permit could eventually require you to pay again to remove the fence and reinstall it after getting the job approved.