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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.

You can only change your neighbor's fence with their permission. A neighbor's fence is their property, and altering it without their consent could constitute trespassing or property damage, which may have legal consequences. If you have concerns or disagreements about your neighbor's fence, communicate with them openly and try to reach a mutually agreeable solution. If you believe the fence violates local zoning laws or property regulations, consult with local authorities or seek legal advice to address the issue through proper channels. 

Who pays for a new fence between neighbors depends on its location relative to the property line. If you build the fence entirely on your property, you are solely responsible for the costs of installation, maintenance, and repair. If the fence is built directly on the property line, both neighbors are typically responsible for the costs. In this case, it is essential to consult with your neighbor beforehand to agree on a plan for payment. While you should always inform your neighbor of your plans in advance, you generally cannot force them to contribute financially unless there are specific local laws, such as in California, where both parties might be responsible for costs unless a different agreement exists. It's a good idea to get a property line survey to know the exact boundaries before building.

The most common type of metal fence today is one made of either steel or aluminum. These materials are relatively easy to fabricate, making them much more cost-effective than traditional metal fencing handmade from wrought iron. They’re also much lighter and easier to install, contributing to their affordability and making them more DIY-friendly.