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Wire fences are generally the most inexpensive type of farm fence to install, especially compared to lumber. Barbed wire is one of the cheapest options due to its simple materials, making it a good choice for low budgets and for confining docile animals in large spaces. Other options include hog wire and woven wire fences, which are strong, long-lasting, and relatively easy to repair. While wire fences require less lumber and reduce overall project costs, they are often considered less aesthetically pleasing than traditional wood fences.

If you’re trying to keep your dog from running away, an electric fence isn’t the only fence type for your yard worth considering. The cost of dog fences can range from $1,500 to $8,000, with popular materials including wood, vinyl, or aluminum to keep your pet safe and sound. 

If you’re trying to keep livestock in their pasture, other fencing options include woven wire, high-tensile wire, and synthetic fencing. These options give your animals boundaries without the use of electricity. 

The average lifespan of a wood fence is 15 to 20 years, but some can last for 40 years or more depending on several factors. The type of wood is crucial; for example, untreated pine may only last 5 to 10 years, while pressure-treated pine can last up to 20 years, and cedar's natural resistance can extend its life to 40 years. Other factors include local weather conditions, with wet and windy climates causing faster deterioration, and the quality of maintenance. Higher-end wood, metal posts, and privacy fence styles also tend to last longer.

A chain-link fence does not lower your property value. However, chain links are not the most attractive materials—so it probably won’t raise the value either. If this is a concern, opt for wooden posts to provide visual flair and go with a color coating on your fence. Putting in a functional and attractive gate also helps up your resale value when installing a chain-link fence.