Why fencing is important?
A fence’s value depends on type, quality, purpose, and local preferences. While enhancing property, it may not greatly increase overall value. Consider these points where fencing is important:
- Curb Appeal: A visually appealing fence boosts curb appeal, appealing to buyers. Ornamental iron or wooden picket fences enhance the property’s overall impression.
- Privacy and Security: Privacy and security fences appeal to buyers, especially those with children or pets, seeking seclusion from neighbors or busy roads.
- Functionality: Fences that serve a specific purpose, such as keeping livestock contained or defining property boundaries, can add value for buyers with specific needs. For example, a farm with appropriate fencing for livestock management may be more appealing to buyers in the agricultural sector.
- Market Demand: The desirability and market demand for fences can vary depending on the local real estate market and the preferences of potential buyers in your area. Researching the trends and preferences of buyers in your location can help you determine the potential impact on property value.
There are several ways to know the current value of a property, here are 3 such ways:
- You can go on Real Estate portals like Magic Bricks, Housing.com, 99 Acres, Common Floor etc. and search for the location where your property is located. This will give you an idea of the quoted price for similar properties in your locations.
- There are several apps available on Google Play Store and Apple App Stores where you can enter your property details and get a price estimate instantly. One such app is Zone Matrix.
- You can get a certified property value appraiser who will charge a fee but calculate the value of your property. These appraisers can be found by doing a Google search or on Justdial.
So, how does a property value increase?
- Your property documentation and title of your property should be clear. With regards to documentation, here are some of the documents that you should have: Letter of allotment, Sale deed. Sanctioned plan, Society documents, Encumbrance certificate and Sale agreement.
- Property value rises with nearby developments like roads, malls, and secured boundaries through walls or fences increase property price..
Fence value varies and is subjective. Consult local real estate professionals or appraisers for specific property value insights.