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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.

If you want to know from the outset how much you’re likely to pay to install an outdoor basketball court, create a budget breakdown that lists the following expenses:

• Labor: How many work hours will you need, and what is the average price of labor in your area?

• Materials: What material do you plan to use, and what is the average price per square foot?

• Drainage, grading, and laying cement slabs: Do you need to level or prep your area? Have a professional evaluate your property to determine what you will need to pay a contractor to do this work.

• Hoops, lighting, fencing, painting lines, and other extras: What extras are non-negotiable? Create a list of all of the extras you want your court to have.

Choosing a suitable backyard playset that’s age-appropriate and entertaining for your children is worth the cost. A backyard playset you can update and upgrade as your kids grow offers even more benefits. Although a playset won’t substantially increase your home’s value, it won’t negatively affect it either.

The time to install your basketball hoop depends on the type of hoop you're installing. 

For in-ground hoops, it's best to allow at least five days total for the entire process, which includes any utility marking, hole excavation, anchor placement, concrete pouring and setting, and final setup of the hoop itself.

The time to set up a mounted basketball hoop is significantly shorter, with most projects completed in just a few hours.