Fencing a Rental Property: Pros and Cons
If you’re thinking of fencing your rental property, it is important to consider the pros and cons of such a move. After all, everything that affects your tenants affects you too as a landlord.
Is it worth it to fence a rental property?
Fencing a rental property increases its curb appeal significantly, especially if you’re looking for tenants for a single-family home or a property where pets are allowed. The security of the fence allows children and pets to run free while it gives parents enough room to exercise. Tenants also love fences because of the privacy they offer.
If you’re competing against many other rental properties in the market, consider fencing your rental property to set it apart.
Keeping good tenants
If you want to keep a good, long-term relationship with existing tenants, you may want to consider building a fence for their benefit. This fence will have added to the property’s value and will continue to offer a draw for future tenants.
It is a tax break
Building a rental property fence may sometimes work in your favor because it’s an improvement to the property and an expense you can write off on your taxes over time.
Cons of building a fence
Building a fence is a major expense — it requires a substantial financial outlay. This is one of the primary drawbacks and perhaps why you haven’t invested the money yet. Keep in mind, however, that a fence isn’t merely an expense; it’s an investment. You will prosper with higher property values, more secure property and happier tenants.
In some cases, it may be difficult to erect a fence – because of zoning or HOA challenges that may prove too costly. As such it would be prudent to explain to tenants why. Help them understand the obstacles in your path so they don’t try to build a makeshift fence on their own, which could lead to fines and tickets.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.