As a homeowner, you take pride in your home and want your property to have the greatest value possible. But did you know that one of the most underrated house upgrades is a freshly paved driveway?
Your driveway’s appearance can affect the first impression your home makes on a potential buyer. A paved driveway is like a red-carpet entrance for your house!
Does a Paved Driveway Increase Curb Appeal?
Your home may be beautifully maintained inside and out, but a deteriorating driveway takes away from the overall appearance of your home – and could drive away potential buyers.
What about gravel driveways? In urban or suburban areas, unpaved driveways will draw negative attention for being out of place, hazardous, and hard to maintain. Most buyers won’t even consider buying a house that doesn’t have a driveway.
Your driveway is a path to your home, so you want it to be inviting. Asphalt is the way to go if you’re looking for an affordable and attractive option to pave your residential driveway.
Read More: 5 Signs It’s Time to Replace Your Asphalt Driveway
Which Paved Material is the Best Option for a Driveway?
If you have a gravel driveway, you know the struggles of constant maintenance. Rain creates a muddy mess. Bumpy ruts mean your tires kick up loose gravel into your lawn. Potential buyers are also aware of the downsides of a gravel drive. That’s why we highly recommend replacing your gravel driveway with asphalt pavement. It will save you time maintaining your property – and won’t run off potential buyers.
Concrete has been a popular choice for driveways, but today more people are switching to asphalt. The average cost of concrete is $8-$18 per square foot, and when properly installed and maintained, it can last 25 years or more. Unfortunately, car fluids and leaking oils easily stain the material. Ideally, you need to reseal concrete every one to three years.
Asphalt is another popular paving material. It’s often more affordable than concrete, averaging $7-$13 per square foot. Plus, the dark color of asphalt means less noticeable
stains from oil, fuel, and dirt. Asphalt typically lasts about 25 years and only needs maintenance every three to five years.
Here are a few more reasons asphalt is the best option for a driveway:
- Weather resistant
- Easy to repair
- Great looking
Read More: 6 Tips to Extend the Lifespan of Your Asphalt Driveway
How Much Value Will a Paved Driveway Add to Your Home?
A paved driveway is an excellent return on your investment and can add significant value to your property. The value can fluctuate, but at the very least, the increase will cover the cost of the driveway. Depending on the size of the home, a new driveway can add between $5,000 to $7,000 in value.
Whether you plan to sell your home in five years or five days, homebuyers will appreciate a hazard-free and attractive entrance to your home. A beautifully paved driveway significantly increases your curb appeal and home value. A paved driveway is a wise investment, except for homeowners who live in remote and rural areas where gravel driveways are the standard.
For information about our asphalt driveway paving services, contact our expert team at Premium Asphalt Paving & Sealcoating. We gladly serve the following towns throughout Central Texas:
- College Station
- Wixon Valley