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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.

Yes, installing wrought iron fencing will usually require a building permit, as do all types of fencing. Building permits for wrought iron fencing typically cost between $150 and $500, and the price will vary based on where you live and how much your local building department charges. You may also need to pay for a property survey if you’re installing wrought iron fencing on your property line. This type of survey can cost around $500, but it prevents issues with building on neighboring properties, which can be much more expensive in the long run.

Pallet fences come with built-in support through the fence posts you should install on each side of their vertical interior. Stand the fence upright and slide it onto the fence posts, then further support it with 2x4 wood boards that you drill across each point where two pallets connect side-by-side.

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.