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Most homeowners who install a wrought iron fence do so because it provides security. The material is sturdy and deters intruders from entering your property. They're also built to last and won't rust if you purchase a galvanized iron fence. So, you don't have to worry about replacing fencing every few years like you might with wood or other less expensive materials. Most homeowners also adore the look of wrought iron fencing, which adds a timeless look to just about any style home.

In the vast majority of cases, chain-link fences are less expensive than wood fences. Installing a wood fence costs anywhere from 20% to 30% more than a chain-link fence, or an average of $3,100, whereas a similarly sized chain-link fence will average around $2,400. Even with add-ons and additional protective finishes, a chain-link fence is very likely to cost you less than a wood fence. The only exception would be a split rail wood fence, which can cost about half the price of a chain-link fence or less.

Planting greenery on a fence can help achieve more privacy, whether it’s shrubs along a picket or chain link fence or rolls of faux greenery to help create a solid-colored backdrop beyond the fence line. You can also try adding more lattice or paneling across a fence so that there are fewer places where passing eyeballs can see in.

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.