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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.

The most affordable metal fence type is wire at just $3 to $5 per linear foot. Wire fences come in a variety of styles and do a good job of marking perimeters and keeping animals in or out of certain areas. While they’re very easy to install and repair, many homeowners find them unattractive, and many homeowners associations won’t allow them.

There are many pros and cons to vinyl and composite fencing. Both fencing types offer longer lifespans than wood fencing, with some notable advantages. Whether one is better for you will depend on a few factors. Composite is better if you prefer recycled materials, while vinyl is extremely easy to clean. 

Also, consider the disadvantages: vinyl can be more expensive, while composite fencing fades during the first six months.

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.