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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. 

The average cost to install a wrought iron fence is around $3,150, with typical project costs ranging from $470 to $10,500. The final price can vary significantly based on several factors, including the fence's total length and height, design complexity, metal thickness, and your property's topography.

For materials alone, you can expect to pay around $25 to $35 per linear foot. When including installation, the cost is typically between $50 and $70 per linear foot.

Additional factors that can influence the total cost include:

• Custom designs, decorative flourishes, gates, and columns

• Labor costs in your area

• The need for permits

• Land preparation, such as old fence removal, tree or bush clearing, and land grading

For an accurate estimate, it is best to consult a professional fence installer with the specific measurements and design requirements for your project.

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.

A setback is an area of space between your fence and the property line, meaning you build a fence a few inches before your neighbor’s property begins. You can build your fence on a setback—some communities recommend this—but this means a sliver of your property will be on your neighbor’s side of your fence.