Does a New Driveway Add Value to Your Home?

Can a freshly-paved driveway add value to your home? Of course it can. Now, true enough, the exact dollar amount of this value can be tricky to calculate. But one thing is for certain: an ugly driveway is a turnoff to absolutely everyone. Showing buyers an unpaved driveway is like going to a job interview in dirty, wrinkled clothes. If you’re hoping to make a good first impression, it’s essential that you have a presentably paved driveway. Or, if you don’t care about impressing your buyers in this way, you better lower your asking price.

What is Your Neighborhood Like?

Since your homes’ value is partially determined by the surrounding neighborhood, it’s important to keep your home up to the standards of the area around you. For instance, if your homes driveway is in bad shape and all others are in good shape your home will have a lower perceived value to buyers. And the reverse can be true as well. If your home is the only one with a paved driveway while the other homes are worse off your homes’ value shoots up.

Curb Appeal

More curb appeal means added value. If your home is beautifully maintained, inside and out, the appearance of a cracked or degrading driveway can really take away from the overall appearance of your home while turning away potential buyers. Furthermore, if your home is on the market and the driveway is sub-standard, it can give potential buyers a good reason to submit low offers. The majority of buyers will not even consider buying a house that does not have a driveway.

Asphalt Is Best

Asphalt driveways are the preferable option for most people. Asphalt is cheaper than concrete, it’s attractive, and it’s very durable in all types of weather. Salt and other de-icing products aren’t a problem with asphalt. Neither are cracks. Cracks and other minor damage can be inexpensively resealed. It won’t leave unsightly patches like repairing concrete would. Stains aren’t a big deal, either. Since asphalt is black, most stains won’t even be visible on it. Additionally, you can further improve the look of your asphalt driveway with stamped asphalt. Stamped asphalt is designed to look like bricks, cobblestone, or other decorative patterns.

The industrial and commercial asphalt world is always changing. Please like this article, share this article, or visit us at https://arnoldasphalt.com.