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Will A Paved Driveway Add Value To My Home?

There is no doubt that a paved driveway can increase property value. It is one of the most popular home improvement projects for homeowners across the country. A well-paved driveway can make your home more attractive to potential buyers and increase its value.

The driveway material contributes significantly to the quality and longevity of a driveway, which ultimately impacts the property’s value.

In this blog post, American Paving will look at some typical materials for paving a driveway. We will also give tips on getting the most value for your money!

Asphalt Driveway:

Are you looking for an affordable option? An asphalt driveway is the best option. The mixture consists of sand, rock, and asphalt cement. It’s usually black like you’d expect to see on the road. However, if you want to go fancy, you can buy imprinted asphalt.

Asphalt installation costs between $2 and $5 per square foot. Oil spills and grease stains will not appear, and you can reseal the driveway if it becomes worn.

This is beneficial when it comes to selling. Because the driveway often takes up a large portion of the front yard, keeping it clean contributes significantly to the home’s curb appeal.

Concrete Driveway:

Concrete is one of the most prominent driveway materials. It is long-lasting and, in most cases, requires little to no upkeep. Keep in mind that de-icing your driveway might hasten the deterioration of concrete. Concrete is not the best option if you reside somewhere where the temperature is cold.

Another issue is that concrete is an unappealing material. Furthermore, the material can easily discolor if you spill oil or any similar chemical.

On the other hand, Stamped concrete may dress up a concrete driveway. This ornamental concrete may mimic the look of bricks or even cobblestones for a more appealing entry to your home.

Concrete is a cost-effective solution at $3 to $10 per square foot. Its long-term durability is a plus in the home-selling process, as long as you maintain it.

Is It Time to Pave Your Driveway?

Should you pay for your driveway now that you know your alternatives and how much they will cost? Will it add enough value to your home to make the investment worthwhile?

This is dependent on a few factors. If the majority of the houses in your neighborhood have driveways, but yours do not, it may make your property less appealing. It’s also true in the other direction. If most houses don’t have driveways, yours has; it offers you an advantage over your neighbors.

Alternatively, if you intend to stay in your current residence for a few more years, you might not receive the full value out of your paved driveway when you sell it, but you’ll get to use it and enjoy it. That could be enough to make it worthwhile.

Final Thought:

A professional paving contractor with vast expertise is necessary to build a high-quality driveway. For nearly 60 years, American Paving has been laying and repairing asphalt pavement. We are a reputable paving company in Charlotte, NC, with a lengthy list of happy clients.

If you’re searching for a high-quality driveway installation, call American Paving now.

For a Free Estimate, please contact us.