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If the fence is on one neighbor’s property, that person is responsible for repairs, regardless of who benefits from the fence more. The other neighbor must keep trees and other obstacles from crossing the property line and affecting the fence. If the fence is directly on the property line, though, who owns a shared fence? Many states have laws that address this issue. Typically, the two property owners would share responsibilities and costs for fence maintenance and repair. You may need a property line survey to precisely determine ownership and responsibility.

A chain link fence typically lasts between 15 and 20 years, but with proper maintenance, it can last for 30 years or more. To preserve the fence, it's important to keep the mesh wire tight, which can be done with a come-along tool every 6 to 12 months. Investing in a fence with a galvanized, powder-coated, or vinyl-coated finish can increase its lifespan to 20 to 30 years and reduce maintenance needs, as these coatings provide extra protection against the elements.

While cedar and pine are two of the most common wooden fence materials, everything from redwood to bamboo is also available. You can also purchase pressure-treated wood, which better withstands water damage and the threat of pests. The best wood for your fence will come down to your budget, local climate, and preferred look.

In most cases, wrought iron fencing will cause your property value to increase. Most types of fence—but especially high-quality wrought iron fences—make your home more secure and deter burglars, which adds to property value. Fences can also help keep children and pets safe, which most homebuyers will appreciate. Wrought iron fences are also highly decorative, and while they don’t provide much privacy, they do add to your home’s curb appeal, which often leads to higher home value.