On screen copy: Creating an outdoor oasis in your own backyard
Bank of America [with logo®]
[Narrator] Some of the most popular home renovation projects these days are happening outside.
These are upgrades that don't just enhance your immediate quality of life, they can add to the value of your home when it's time to sell. Here are five projects you might want to consider.
On screen copy: Outdoor kitchens
Outdoor kitchens can turn an afternoon or evening with family and friends into a real event. You can do something as basic as adding a grill with a small cooking space, or go all out with an island, sink, bar, refrigerator, and whatever else strikes your fancy.
On average, an outdoor kitchen will cost between (On screen copy: “Average Cost $5,500-$20,000” tag, “Product prices throughout are from online retailers as of May 2022”) $5,500 for a simple upgrade, to more than $20,000 for a more elaborate setup.
On screen copy: Shed studio
If you're more interested in personal space, a shed studio might be just the thing. These flexible outdoor living spaces are ideal for avid gardeners, yogis, artists, or anyone who needs a quiet place to pursue a hobby. You could invest (On screen copy: “Average cost $15,000-$20,000” tag, “Product prices throughout are from online retailers as of May 2022”) 15,000 to $20,000 on a pre-made model.
On screen copy: Major Landscaping
Going big on a landscaping project can transform your home's exterior look, and the benefits are greater than just the pleasure and satisfaction they bring.
When you eventually put your home on the market, it can also create a great first impression on potential buyers.
Landscaping projects can take many forms, giving your lawn an extensive upgrade, adding a water feature to the backyard, installing a privacy hedge, adding a porch or walkway, or if you're less ambitious, simply putting fresh mulch on your plant beds. You can spend as much or as little as you'd like. (On screen copy: “Average Cost $10,000” tag, “Product prices throughout are from online retailers as of May 2022”) Major projects generally start at around $10,000.
On screen copy: Outdoor fireplace
An outdoor fireplace or fire pit is a relatively simple cost-effective way to level up your backyard and provide a welcoming environment for friendly gatherings.
(On screen copy: “Average cost $20,000+” tag, “Product prices throughout are from online retailers as of May 2022” appears on the bottom of screen) Elaborate custom fireplaces can run $20,000 or more, but you can find a high quality prefab fireplace for around $3,000 on average (On screen copy: “Average cost $3,000” tag).
On screen copy: Outdoor deck lighting
Another lower cost high impact project worth exploring is to modernize the lighting on your existing deck. Stylish new features and technical upgrades, like smart light bulbs, can give your backyard a sophisticated feel while also improving your home security. You can completely revamp your outdoor lighting for between (On screen copy: “Average $2,500-$2,300” tag, “Product prices throughout are from online retailers as of May 2022” appears on the bottom of screen) $2,500 to $3,000.
These projects can increase your quality of life and may even help to increase the value of your home when it's time to sell. If you're interested in starting your home and wellness renovation, there are many ways to finance these projects.
To learn more, visit the Bank of America Home Resource Center at bankofamerica.com/homeresource.
(On screen copy: “Product prices throughout are from online retailers as of May 2022.”)
Bank of America [with logo®]
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