Planning

What Should You Expect to Spend?

December 10, 2024
What Should You Expect to Spend?

Luxury Outdoor Spaces are Serious Renovation Projects

Outdoor living spaces consist of numerous structures, amenities, and utility systems and are a valuable addition to any home. The following provides budget guidance for swimming pools, patio rooms, decks, and porches.

What you can expect to spend

Poolscape Budgeting

Luxury Pool Projects typically start between $185,000-$250,000 and typically include a gunite or fiberglass pool, pool equipment with salt chlorinator and heater, auto-cover (or fence), 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.

Patio Room Budgeting

These luxury spaces are a combination of several outdoor living features which may include a patio, sitting wall, grill island or outdoor kitchen, fire pit or fireplace, pergola, pavilion, landscaping, low-voltage lighting, outdoor TV and audio, and utilities.

A complete Outdoor Dreams patio project typically requires an investment of $125,000-$200,000. Most projects represent an investment of 10 - 20% of the home's value.

Deck & Porch Budgeting

Luxury decks are composed of premium wood or PVC decking with powder-coated aluminum railings. Deck investments typically start between $50,000 - $75,000 with most clients spending between $100,000 - $150,000.

Building a complete porch usually requires a starting investment of $125,000 with most clients spending $150,000 - $200,000.

Another frequently asked question

How do clients typically pay for their projects?

Now that you have a better understanding of the required investment, you might be wondering how other Outdoor Dreams clients fund their projects.

There are four main sources of funding for typical projects:

  1. Cash

  2. Refinancing Proceeds

  3. Home Equity Line of Credit

  4. Personal Loan Proceeds.

To help clients achieve their dream backyard, Outdoor Dreams has partnered with HFS Home Improvement Financing to offer project funding up to $500,000.

Follow this link to learn more about your financing options with Outdoor Dreams.

an investment into your home

The Resale Value of Outdoor Living Spaces

According to the Remodeling 2020 Cost vs. Value Report, outdoor projects in the Richmond area, like decks and patios, have a resale value of 55% - 75%. This is similar to other major home improvement projects (kitchen or bathroom renovations, master suite additions, etc.) which have a resale value of 55% - 70%.

This data shows that an outdoor living space adds resale value to your house while improving the way you enjoy your home.

Gunite Swimming Pool Maintenance

Gunite Swimming Pool Maintenance

Gunite pools are a luxurious and versatile choice, offering endless customization options and unmatched durability. To maximize the lifespan and beauty of your pool, regular maintenance is essential. At Outdoor Dreams, we finish our gunite pools with premium Wet Edge products, ensuring both functionality and aesthetics. Here’s what you need to know about caring for your gunite pool.

Planning

Fiberglass Swimming Pool Maintenance

Fiberglass Swimming Pool Maintenance

By following these straightforward maintenance practices, you’ll ensure your Outdoor Dreams fiberglass pool remains a stunning centerpiece of your outdoor space for years to come. Fiberglass pools are designed for longevity and easy care, allowing you to spend less time on maintenance and more time enjoying your pool with family and friends.

Planning

Choosing Between a Fiberglass and Gunite Swimming Pool

Choosing Between a Fiberglass and Gunite Swimming Pool

Debating between a fiberglass pool or a gunite pool for your backyard? This in-depth guide compares the pros and cons of fiberglass vs. gunite swimming pools and explains how Outdoor Dreams helps homeowners in Central Virginia and beyond make confident, informed decisions through expert design, 3D renderings, and transparent pricing.

Planning
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