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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.

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.

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.

Whether building a playground or installing a pre-made one is more affordable depends on the materials of each. In most cases, it’s more affordable to build a wooden playground than it is to buy one and have it professionally installed, but it might be less expensive to invest in a pre-made plastic playground, even if you pay a professional to install it. Wooden playgrounds tend to last longer, but as children age, they will become less valuable. Overall, it may be most affordable to have a pro install a pre-made plastic playground.