When you’re looking for options to get away, it may be useful to compare the costs of vacations to the cost of creating your own outdoor oasis in your backyard. Vacations are awesome but they only last for a week or two. Is it possible to create a getaway in your backyard? How does it compare to the cost of vacations if so? Let’s take a look. 

 

A typical week-long stay at a resort for a family of 4 is usually around $10,000. If we double that for two vacations a year, the total is about $20,000. That budget alone won’t get you our premium package, but it could be used for a good foundation with our starter package. However, the $20,000 savings is not the only factor in the equation. You also have to account for the value you create by upgrading your outdoor living space. 

 

Research shows an outdoor living space will typically increase your home value about 5%. Here’s what that looks like based on your home value:

 

• Current Home Value     Home Value Increase
• $250,000                         $10,000-$15,000
• $300,000                         $12,000-$18,000
• $400,000                         $16,000-$24,000
• $500,000                         $20,000-$30,000
• $750,000                         $30,000-$45,000
• $1,000,000                      $40,000-$60,000

So, when you sell your home you can easily offset some if not all of your outdoor oasis investment. That means you and your family can have an enjoyable getaway whenever you want if you plan accordingly by recouping the expense in vacation dollars and increased home value. There is also the added benefits of building your social network if you plan to use your space to entertain, connecting with your neighbors in a more meaningful way and gaining status in your local community. That’s great news right? Let’s get started planning your space! Contact us today.