There are several advantages to having a driveway, including convenient access to your property, the ability to keep an eye on your vehicle, the ability to swiftly jump in and out anytime you need to, and the fact that they are considerably more straightforward to maintain than gardens or lawns. Compared to street parking, having a driveway may reduce auto insurance prices. But the main issue is whether a new driveway increases the value of a home. In most circumstances, yes. Continue reading to learn if a new driveway may increase the value of your home, as well as the best kind to pick. Reach out to a reputable company, Elizabeth Paving Service in New Jersey, to discuss your needs.
What Kind of Value Can a Driveway Bring to Your Home?
A driveway nearly usually adds some value to a home. The amount of weight varies entirely depending on where you reside. Also, what size driveway do you build? The following things may play a role:
- The availability of free parking in your area and nearby
- Whether or not permit parking is available on your block, and how much it costs.
- About the size of the home, how many cars may be comfortably parked on your new driveway?
- Whether there is a need for off-street parking in your neighborhood.
- Whether you reside on a major thoroughfare or a secluded cul-de-sac,
- Whether or not your neighbors have off-street parking.
Laying a driveway may add 5-10% to the value of a home. Based on the characteristics mentioned above, you could potentially add thousands of pounds to the listed price of your house.
Paved Driveways
A paved driveway is a beautiful solution for increasing your house’s value while providing you with a beautiful and functioning driveway. Paved driveways provide an excellent first impression for any property. They offer a smooth, level surface with the finer detail from working with a professional craftsperson. They scream quality when adequately placed and polished.
This communicates to potential purchasers that this high-quality driveway will endure for years with no upkeep. However, paved driveways are only one of the cheapest choices compared to the cost of alternative driveway materials. It takes time and expertise to lay them. However, it would help if you ended up with a high-quality finish that will endure for years and increase the value of your property.
Concrete Driveways
Concrete is easier to install than other driveways, such as block pavement. It may be readily poured into whatever design you like and even completed with an attractive imprinted pattern.
Because concrete driveways are inexpensive, they are excellent value for money initially. Concrete, on the other hand, needs more quality and exquisite detail of different forms of pavement. Furthermore, concrete may often seem as inexpensive and cheery as it is. Its look might degrade substantially if it is not maintained or resurfaced. This may impact its value and the curb attractiveness of your home.
Paved Block Driveways
Block-paved driveways provide a lot of curb appeal. They may look fantastic if placed with expertise and care. You’ll have many design, color, and style choices to select from, all of which may improve the outside appeal of your home. This may add value. Block paving and cobblestones are also noted for their durability and ease of upkeep. If any pavers become loose, they may be readily fixed or replaced in tiny areas. Potential customers value durability as well as minor maintenance. So, how much value does a driveway with block pavers add? It all depends on your budget and the quality of the finish.
Asphalt Driveways
Asphalt or tarmac driveways are inexpensive and easy to install, and they might be a good choice if you require a basic firm-level surface with no trouble. They give a consistent look and might be a decent short-term option. However, when done, they do not seem as pleasing as other driveway styles.
Maintenance and degradation are essential concerns. Asphalt is susceptible to the extremes of British weather, which means that cracks, chips, and even potholes may emerge. They might be difficult and costly to restore if you want a decent finish. In a nutshell, asphalt driveways are inexpensive to build but lack appeal and durability. This may affect how much value they bring to your house and how enticing it is to prospective purchasers.
Gravel Driveways
Gravel is one of the least expensive driveway materials to build and can be rather appealing. Gravel driveways are also safe.
Many people choose them because they are not permanent, unlike tarmac or concrete, allowing you to pick a different driveway later on. You’ll need to figure out how to manage the stones so they don’t wind up all over the street, and gravel roads are useless on sloping sites. Gravel is an excellent way to increase the value of your property. You won’t spend much money on it, there are no concerns about durability, and it may be visually pleasant to purchasers. And there’s always the option of installing a new driveway later on.
Mixed Material Driveways
Trendy gravel, block paved edge, and cleft post and rail fence In New Jersey, our very own Elizabeth Paving finished this fashionable gravel; block paved edging, and cleft post and rail fence.
The front was formerly unattractive, with overgrown shrubs and uneven slabs that had created a tripping hazard. It has a tidy appearance with gravel and a stylish block paved edge. The cleft post and rail fence add a rustic touch, and the front is completed with a line of laurel hedges. This driveway demonstrates that anything is possible. Even though a gravel and block paved border is a less expensive choice than a totally block paved driveway, it is projected to contribute 5-10% to the property’s value.
How to Build the Perfect Driveway — and Avoiding Mistakes
To construct a functional and visually beautiful driveway, you must first understand the fundamentals. This requires careful design, installation, and draining. Permeability and where rainwater will drain are essential considerations. This may assist you in avoiding unsightly puddles or getting into issues with planning permission.
The higher the installation and finish quality, the longer the driveway will last and add value to your property. It would help if you also considered reduced curbs and the required care for your driveway type. Finally, think about decorative embellishments that will boost the value of your driveway. Here are some excellent finishing touches to get you started on your gorgeous new driveway.
What Would It Cost to Resurface Your Driveway?
The size and kind of driveway you choose will impact the cost of your driveway. Please visit our driveway cost guide for further price information. A new driveway ranges in price from $30 to $90 per m2.
A driveway often adds 5-10% to the value of your property. One of the most important elements influencing how much weight a driveway may bring to your house is your location and local parking availability. When deciding on a driveway type, consider the initial cost per m2, the lifespan, and the visual appeal. Remember about upkeep – if you can’t maintain your driveway looking fantastic, it may begin to reduce the value of your home. Always use a reputable professional to install your driveway for a high-quality finish.
