What You Should Expect To Spend
Luxury Outdoor Spaces are Serious Renovation Projects
Outdoor living spaces consist of numerous structures, amenities, and utility systems. But they are a valuable addition to any home. The following provides budget guidance for patios, swimming pools, decks, and porches.
Hardscape Budgeting
These luxury spaces are a combination of several outdoor living features which may include a patio, sitting wall, outdoor kitchen, fire pit or fireplace, pergola, bar, TV area, pavilion, landscaping, low-voltage lighting, outdoor TV and audio, and utilities.
The required investment for a space typically starts around $35,000, with most clients investing between $50,000 - $100,000. Most projects represent an investment of 10% of the home's value.
Poolscape Budgeting
Luxury Pool Projects start at $200,000 and typically include a large gunite or fiberglass pool, pool equipment, heater, auto-cover, electrical and gas line installations, coping, pool decking, any necessary retaining walls, landscaping, irrigation, outdoor lighting, and all necessary site work (demolition, excavation, trenching, grading, soil removal, and drainage).
Pool projects that include additional outdoor living features and patio space usually require an investment ranging from $250,000 to over $400,000. Most projects represent an investment of 15 - 30% of the home's value.
Deck & Pavilion Budgeting
Luxury decks are composed of premium wood or PVC decking with powder-coated aluminum railings. Deck investments typically start around $50,000 with most clients spending between $75,000 - $150,000.
Building a complete outdoor pavilion usually requires a starting investment of $40,000 with most clients spending $50,000 - $100,000.
How do clients typically pay for their projects?
Now that you understand the required investment better, you might be wondering how other Kansas City Hardscapes clients fund their projects.
There are four primary sources of funding for typical projects:
Cash
Refinancing Proceeds
Home Equity Line of Credit
Personal Loan Proceeds.
To help clients achieve their dream backyard, Kansas City Hardscapes has partnered with Lightstream Financing to offer project funding up to $500,000.
Follow this link to learn more about your financing options: Lightstream Financing