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The cost of the materials to build a DIY playground will run you about $700 to $1,000, which could vary based on the type of lumber you choose to use. On the other hand, buying a pre-made playset costs $1,000 to $6,500 or more, and if you choose to have it professionally installed, you’ll pay an additional $330 to $700.

In most cases, yes, an outdoor living space adds value to your home. The trick to your best return on investment is to choose high-quality building materials that will look nice and durable without crossing the line into total luxury that becomes cost-ineffective. For example, there’s no need to install marble tiles around your pool, but a durable and aesthetically pleasing deck will go a long way.

Whether or not you need a building permit for a playground depends on where you live. Some municipalities will require a permit for the construction of any playground equipment while others will only mandate one if you use a concrete foundation for any portion of the equipment. You can check with your local building department or a professional playground installer to see if your project requires a permit. Some municipalities also require a fence if you have a playground, and fence construction will almost always require a building permit.

Generally speaking, building a swing set is cheaper than buying a prefabricated one, but this assumes you have all the tools and knowledge to complete the project. The average cost to build a swing set is $514, but you should also factor in the time and effort it will require—if you don’t want to give up your weekend, it’s worth considering buying instead of building.