Is a concrete driveway a good investment?

In almost every case, it's worth the investment. A new driveway can increase your home's value while improving the aesthetics of your house and your neighborhood. Learn more about the benefits of a concrete driveway and how it enhances your home's curb appeal.

Does a concrete driveway add value to home?

“A [concrete] driveway can increase your property's value between 5 and 10 percent” says Fast Sales Homes. That means “a $500,000 home can increase to a $550,000 home.” On average, a new 2-car concrete driveway costs anywhere from $3-$6,000, which makes this type of an investment pretty significant.

How many years does a concrete driveway last?

The average life of your concrete driveway will depend on installation methods, environmental conditions and temperatures. However, you can expect your surface to last anywhere from 25 to 30 years with proper care. The key to prolonging the life of your investment is to pay attention to wear and tear each season.

Is replacing a driveway a good investment?

You can definitely get a great return on your investment. At the very least your property value increase will cover the cost of the driveway. The amount of added value can fluctuate. Depending on the home, a new driveway can add around $5,000 to $7,000 in value.

Are concrete driveways better?

Characteristics of a Concrete Driveway:

Concrete is more durable than asphalt. Because it is a less flexible material, it cracks in freezing temperatures, and many people turn to concrete patching products. Concrete offers 50+ years of use. The only maintenance required is occasional degreasing.

Asphalt, Concrete or Paver Driveways- Which is the best?!?

What is the best type of driveway to have?

Longevity: The longevity of an asphalt driveway is a lot higher than most other driveway options. Homeowners can expect their asphalt driveway to last at least 20 years. Durability: Asphalt driveways are hard wearing and durable. The seal that is applied on top of your asphalt driveway encourages greater longevity.

What type of driveway lasts the longest?

Concrete is the old standby for driveways. Most suburban homes opt for this material for two big reasons: Concrete is typically the longest-lasting driveway surface, and, if installed properly, it is practically maintenance-free.

What brings down property value?

Closure of facilities – public services, employment, amenities; if any of these services close, it could impact the value of your house as they're often appealing to buyers. Low school ratings – buyers pay to live in areas with good schools because they want their children to have access to the best education.

Does a nice driveway add value to home?

You may be considering if the driveway is worth cleaning up, or about adding one to your home. You may be surprised to learn that a driveway does add value to your home. On estimate a driveway can increase your property's value by 5-10%. That is quite a bit for an area you do not really need to pay a lot to revamp.

Does concrete patio add value to home?

The answer is yes! Adding a covered patio definitely adds value to your home. However, as with any upgrade, it's important to remember that the most high-end, extravagant upgrades probably won't increase the value significantly more than middle-range upgrades.

Is it cheaper to pave or concrete a driveway?

As far as installation costs and concrete costs go, poured concrete is technically the most affordable per square foot. However, even though the upfront cost of pavers is higher, concrete pavers offer greater value and durability than poured concrete and stamped concrete.

How do you maintain a concrete driveway?

How thick should a concrete driveway be?

As for thickness, non-reinforced pavement four inches thick is standard for passenger car driveways. For heavier vehicles, a thickness of five inches is recommended. To eliminate standing water, the driveway should be sloped towards the street a minimum of one percent, or 1/8 inch per foot, for proper drainage.

Can I pour concrete over existing concrete?

You can put new concrete over old concrete. However, unresolved issues with your old concrete, such as cracks or frost heaves, will carry over to your new concrete if not taken care of. In addition, you must pour it at least 2 inches thick.

Does pavers increase home value?

Aside from this, how the pavers are used will also make a difference. For example, a great patio could add as much as $15,000 to the average home's price. However, if you are using pavers as part of creating a brand new garden space, you could improve your home's value by as much as 20 percent.

How can I increase the value of my backyard?

What type of driveway adds most value?

Gravel driveways are one of the most cost-effective new driveway types. Other advantages of gravel driveways are that they are very cost-effective.

What is the cheapest way to lay a driveway?

A gravel driveway is by far the cheapest and quickest to install, especially if the existing driveway's sub-base is sound.

How much value does a garage add?

How much value does a garage add? Research carried out recently suggests that a garage can add between 5% – 10% to the value of your home.

What makes a house unsellable?

Factors that make a home unsellable "are the ones that cannot be changed: location, low ceilings, difficult floor plan that cannot be easily modified, poor architecture," Robin Kencel of The Robin Kencel Group at Compass in Connecticut, who sells homes between $500,000 and $28 million, told Business Insider.

What makes a property worth more?

Age and condition. Typically, homes that are newer appraise at a higher value. The fact that critical parts of the house, like plumbing, electrical, the roof, and appliances are newer and therefore less likely to break down, can generate savings for a buyer.

What increases the value of a house the most?

What is the most low-maintenance driveway?

Is a gravel driveway cheaper than concrete?

Is a gravel driveway cheaper than a concrete one? A gravel driveway is a more budget-friendly option than paving with concrete, which runs from $4 to $15 per square foot.

Is cement more expensive than asphalt?

Concrete costs a lot more than asphalt.

A new driveway is a big expense, whichever way you choose to go. There is no definite “winner” in the battle between asphalt and concrete; the decision comes down to which is best for your climate, your budget, and your tolerance for maintenance needs.