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The cheapest farm fences are typically wire fences, which cost less to install than traditional lumber fences. Barbed wire is one of the most inexpensive options due to its simple materials, making it a good choice for low budgets. It is suitable for confining docile animals in large spaces, as it provides a visual barrier and a mild deterrent. Other options like hog wire and woven wire fences are also cost-effective because they require less lumber than a full wooden fence. These types of wire fences are strong, long-lasting, and relatively easy to repair, though they are often considered less aesthetically pleasing than wood.

Retaining walls offer more value to a home if they also divert water, prevent erosion, or help support a foundation. The ROI of a retaining wall is between 100% and 200%.

Both fences and walls can increase your home’s value, but you’ll spend significantly more on a wall than you would on a fence. A stone wall costs approximately $5,000, a retaining wall costs $6,100, and a fence costs $3,200 on average to put prices in perspective. 

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.

It’s usually cheaper to buy pre-made fence panels than to build your own. This surprises many people since DIY tasks so often save money. However, large stores don’t have to pay the same amount per board of wood that homeowners do, allowing them to sell pre-made panels at a more cost-effective rate. Pre-made panels also save a great deal of time, energy, and guesswork. The drawback is that they are harder to customize to the shape and slope of your yard.