Feel like I’ve done my research but I wanted to see what the thoughts were. Built a new house in 2019, 30 fixed at 2%, When we finished the house we maxed out the savings we were willing to spend on a really nice patio set up. For a few years now we’ve had no real yard or lawn or anything to speak of just the tiny bit of builder grass and the patio, now we’re looking to finish out the yard. Seemingly important to note, its a large house on a large lot at a appraised value of 900,00ish so we’re looking at materials, designs, and layouts that are commensurate with the home so when we go to sell (about 10 years) we dont have a tiny patio on a giant house. The below is for the all out scenario (pool, pool house, patio, outdoor kitchen etc). I really want the pool set up for our kids, between the large grass area, the pool, and some things inside we’d be able to host a lot of parties vs traveling which is our preference.

Total Household Income: 300,000 Mortgage Balance: 350,000 All other debt: ~25,000 in cars and school

Estimate for the whole project is 200-300K depending on finished. HELOC info online looks to be about 2,000 a month for that level of draw. We can swing the 2K pretty easily. If rates drop in any meaningful way we’d just pull a second mortgage fixed rate at the low rate and pay off the HELOC since it’s variable.