How Your Driveway Affects Home Value

house with driveway

Your driveway is one of the centerpieces of your home. It can come in all shapes and sizes but it is one of the most universal things about a property. Having a nice driveway does not just benefit the person who’s parking their car, it benefits the home’s value as well. Let’s discuss the different ways that a driveway affects home value and why it is so important!

Does your driveway increase home value?

Simply put, your driveway does affect your home’s value. It is the first thing a potential buyer is going to see when viewing your home and the last impression you make before they leave. Having a chipped and run-down driveway means that your home is one that is going to require heavy innovations. Adding a new driveway to your property can increase its value by as much as $5000 – $7000.

Does an extended driveway add value?

A freshly laid driveway increases your home’s value; however, it is not the only thing that can be improved upon. Adding an extended driveway to your property will greatly increase its appeal. Extending your driveway not only benefits you but any future investors as well. Its added length will give your home a niche on the market.

Do driveway pavers add value to your home?

Assuming that they are well-designed, adding pavers to a driveway is going to produce great benefits. They come in a variety of designs meaning that you are sure to find one that matches the aesthetic that you want. Overall, pavers are not only user-friendly but budget-friendly as well. In some instances, they can even pay themselves off completely due to the value they bring.

The Two Kinds of Pavement: How do they affect your home’s value?

The two primary types of pavement each has their own pros and cons, and can affect your home value in different ways. Here’s what to consider when making your decision.

Concrete

A concrete driveway is a sizable investment. It has a high amount of durability along with requiring very little maintenance. Because of these two things, concrete driveways are popular with homeowners. If you go with concrete then you are sure to be investing in a quality product. A new concrete driveway is going to increase your home’s value by a large sum if you have the money to invest in it.

Asphalt

Asphalt is another solid option. It is cheaper than concrete while still offering you that same level of durability that you love to see. Its biggest con is that asphalt driveways require a certain level of upkeep to stay in shape. You will receive some quality pavement; however, that pavement is not going to last as long as concrete. The first fourteen days are especially important when caring for a new asphalt driveway. Repairing cracks as they come and seal coating your asphalt is a surefire way to maximize its lifespan. All of that is to say that asphalt driveways are another great way to increase your home’s value. If you have a fresh asphalt driveway then you are doing pretty well for yourself.

How can we serve you?

The professional paving contractors at Sipes Asphalt & Concrete know the ideal conditions for pouring concrete or asphalt. Whether it’s a new driveway, parking lot, or crack sealing, we’ve got you covered. Call Sipes for your paving estimate and the best paving solutions in the Indianapolis area.

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