How Does Paving Your Driveway Pay for Itself?

Paving your driveway over using gravel, concrete, cobblestones, or any such related thing brings more value and convenience than many may realize. The ease of maintenance, the curb appeal, and the resale value saves you a lot of money. Here is how.

Non-Asphalt Driveways Require More Maintenance

Paved driveways are significantly easier to maintain than gravel, cobblestones, and the like. While gravel is constantly shifting, creating divots, hills, and empty spaces, creating damage that will be costly to fix, an asphalt driveway is largely trouble-free. All you need to do is clean the driveway twice a year and sealcoat it every two to five years. Patch small holes as they occur, and your paved driveway can easily last up to 35 years.

Aesthetically Pleasing, and Greater Owner Value

Usually paving a driveway will give you a return of AT LEAST the cost of it being installed. In most cases you’re going to get considerably more in return. The amount varies depending on the aesthetics of the driveway. Things like the material used, the width, and the previously mentioned neighborhood can all affect the added value of the home. Consider making your driveway wider if you’re going the repaving route as being able to fit two cars side-by-side is a major advantage homeowners look for.

Resale Value Increases with Driveway Paving

Curb appeal refers to the way a home looks from the street, and it is a hot topic in real estate. Many potential home buyers feel that a gravel driveway looks messy and unfinished. They worry about the maintenance involved in keeping the gravel neat and clean. This can predispose a potential buyer to dislike your home before ever setting foot inside. While a gravel or cobblestone, etc. driveway may not prevent you from finding a buyer, why turn off a sizeable portion of the market? If you will sell your home soon, upgrading to a clean, new paved driveway can dramatically raise the curb appeal, making it easier to sell and even raising the price you can expect. Of course, every home sale is unique. Talk to your real estate agent about how much a paved driveway will increase your home’s value before making the investment solely for resale purposes.

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