How about...

Is this going to be a close group of friends, or a BIG bash.... how many and will it be co-ed?

Are you wanting to have the party at your home or are you open to other options such as a horse-back riding party, or swimming party.

One of my friends gave her daughter's graduation party by renting a pool-side hotel room in a local hotel. The hotel knew in advance it was a grad party and parents were there. The primary party was from 1 to 5. My friend brought their own treats so she was not paying for hotel food. (The young folks were clearly told they did not have "the run" of the hotel, just their reserved room and the pool.) There was not a single problem.

The room cost her about $100 dollars for the day. She decided it was well worth the cost of not having all the young folks and their energy in her lovely home. And, they were self-entertained. A number of moms and dads also came and contributed food and beverages. A smaller group of pre-invited special guests stayed after the party and had dinner delivered to the room. Everyone had a great time for quite a reasonable price. Then, my friend and her husband sent everyone home and spent the night in the hotel...celebrating the good job they did raising a lovely daughter.