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Does Paving your driveway increase the value of your home ?

driveway paving parkway REGIONAL PAVING & CONCRETEPaving a driveway will not only make your home more appealing to potential buyers, but it will increase the home's value. When looking for a new home, potential buyers consider the costs necessary to add all the features they'd personally like in and around their dream home. Buying a new home can be costly, so extra expenses such as adding a driveway are often considered negative points by potential buyers. There are different ways to pave your driveway and increase your home; the costs vary depending on materials used
 
 
ugly driveway needs repaving, REGIONAL PAVING & CONCRETE.
www.regionalpaving1976.comWhy Gravel Isn't Ideal
  • Gravel may be suitable for your own driveway needs, but potential buyers may not like gravel as much as you do. Depending on the climate in your area, gravel can be difficult to maintain in certain weather conditions. Gravel can become muddy during rainy times and is more difficult to plow or shovel. Gravel strip driveways often develop deep ruts which are also undesirable to potential buyers.
 
 
 
The Neighborhood
nice street asphalt drives. REGIONAL PAVING & CONCRETE.
www.regionalpaving1976.com
  • Your home's value is partially determined by the average price of similar homes in the neighborhood. For instance, if yours is the only home without a paved driveway, it may be perceived as worth less than surrounding homes. Likewise, if your home has a paved or brick driveway that has recently been installed, it will be perceived as more desirable than surrounding properties with gravel driveways or driveways in need of work.
 
Value of Paving
  • Paving a driveway will generally increase the value of your home at least as much as the cost of the driveway itself. The value will increase even more depending on neighborhood, the aesthetics of the driveway and the width of a driveway. A wide driveway that fits two vehicles is going to be of more value than one which is barely wide enough to fit a compact car, for instance. The value has a lot to do with perceived value and the needs of potential buyers. It may be worthwhile to spring for some extras, such as adding a walkway from the driveway to a back door or patio, as it will increase the appeal of the property.

 
Maintaining an Existing Driveway
  • Common, basic maintenance will increase the curb appeal and therefore the sellability of your home. If your paved driveway is cracked, uneven or is otherwise in a state of disrepair, get it fixed. For an asphalt driveway, resurface the entire driveway or at least sealing any cracks before putting your home on the market. At very least, pull weeds and grass growing in cracks and around the driveway in general.
 
End Results
  • Adding an asphalt driveway can increase the curb appeal of your house, which ... Concrete is a more expensive product than asphalt, often 40 to 60 percent more ... An asphalt driveway can last from 15 to 30 years if it is installed properly. The overall increase in value you your home including proper landscaping, maintenance can range from 12% to 20%. Well worth the investment. Make your home "PoP" at a glance....and take it from there.
  • Call for your free consultation and free estimate:
  •  giovanni_regionalpaving@yahoo.ca
  • Phone: 289.228.7762
  • Free Fax to Email fax number is: 0872 115 7762
 
 
 
 
 
 

59 Comments to Does Paving your driveway increase the value of your home ?:

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Amanda Drew on June-07-17 4:42 PM
I'm having a baby soon and, unfortunately, my current home is too small so I need to sell. Since I'll be buying a bigger house because of my growing family I need to be able to sell it for top dollar. I have an asphalt driveway, so I was glad to see that it can increase the curb appeal of my house. The driveway does have a few cracks in it though, so I'll just have to follow your advice and find someone to do maintenance on the driveway.
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Taylor Bishop on July-17-17 11:02 AM
I didn't know that the value of paving could change depending on the size of the property and neighborhood, and that a wide driveway would add more value. Definitely seems like researching this could be beneficial to understanding what your options are and how they affect you. I'd be interested in learning more about how exactly the value is calculated depending on the property.
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Derek Dewitt on July-25-17 10:17 AM
My wife and I are thinking about paving our driveway so we don't have to keep walking on gravel. I like that you mention how concrete driveways also increase the value of the home, especially if it's a double. We don't plan on staying in this house forever so this sounds like a great way to increase the value of our home too. Thanks for sharing.
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Derek Dewitt on August-13-18 12:28 PM
My wife and I are selling our home soon, so we are thinking about redoing the driveway. I like your point about how it can increase the value of your home. I will be sure to do this soon and see if I can add extra walkways for added value.
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Jocelyn McDonald on August-16-18 11:54 AM
My husband and I currently have a dirt driveway, but we're considering paving soon to make it look nicer. Your article had some great points about why this would be a good idea, and I liked how you said this is great if you want to sell your home. Paving increases your property value, and makes your home look more desirable than other home with unpaved driveways. We do want to sell our home soon, so we'll keep this in mind when deciding if paving our driveway is a good idea.
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