Which Driveway Styles Can Raise the Value of Your Home
Did you know that certain driveway styles can increase the value of your home? When considering your home’s curb appeal, or if you’re getting ready to sell your home, it’s important to consider your driveway as well.
Ask yourself questions like:
- Is my driveway aesthetically pleasing?
- Is my driveway paved?
- Do I keep up with the maintenance and care of my driveway?
If you answered no to most of those questions, or you’re having trouble coming up with the answers, this article can help. We’ll inform you about different driveway styles, ways to improve your driveway, and what materials can help raise the value of your home.
Paved driveways are the most likely to increase your property value.
Paved driveways are aesthetically pleasing, durable, and easy to take care of. In addition, damages are less likely to occur to either the pavement or your tires because of the long-lasting ability and smooth surface of paved roads. Some benefits of paving your driveway include:
While the price of paving ultimately depends upon the size of your driveway and the materials used, paving is generally cheaper than other styles, such as a brick or cobblestone.
- Durability and easier care and maintenance
Paved driveways last several years before needing replacement, with little probability of damages to tires.
- Paved driveways in excellent condition can increase property values by 5 to 10 percent
This benefit speaks for itself! 5 to 10 percent may not seem like a lot, but it is actually a significant increase for property values.
Concrete paved driveways in particular provide many benefits to homeowners. Concrete holds little risk of wear and tear, and it is unlikely to damage your car tires. In addition, concrete is more environmentally friendly than other materials because it takes less energy to produce and install. Finally, concrete lasts longer (25-50 years) with less maintenance than other styles. While a professional should reseal concrete driveways about every 2 years, concrete still possesses a stronger durability than many other materials.
With these driveway styles, how much should you expect your property value to rise?
Your property value relies on many other factors which complement the driveway style, such as:
- The quality of the work
Most homeowners prefer to have a professional pave their driveway, which usually leads to a high-quality job. While a DIY project may be cheaper, it might not look as smooth or last as long, therefore causing more harm than help to your property value.
- Market conditions
When preparing to sell your home, you should consider the market conditions. Is it a busy market? Are lots of people selling quickly due to high demand, or is the market slow? Depending on the current and predicted market conditions, your home value may not increase as much as you expect, or it may skyrocket suddenly. Whatever the case may be, it’s better to wait—if possible—until the market looks promising and your property value rises before selling.
- Other homes in the area
Take a look at your neighbors’ houses or at other buildings in the area. Do they have paved driveways? If so, you’ll want to consider paving your own if it’s unpaved or looks old and cracked. Matching the homes around you—to a certain extent—makes your house look neater and therefore more appealing. However, even if your neighbors don’t have paved driveways, you may still want to pave yours. In this case, your driveway will stick out in a good way!
- Design appeal
Does your driveway have lots of space? How about good lighting? Is it cracked or damaged in any places? These questions help determine the design appeal of your driveway. The more aesthetically pleasing and practical it is, the higher the value of your home will rise.
What other driveway styles can increase the value of your home?
While many homeowners choose concrete paved driveways when looking to raise their property value, other styles can also help increase the value while providing you with a quality driveway. Materials such as asphalt, interlocking pavers, and even glass provide long-lasting durability and can give a unique edge to your home. Call a local concrete contractor to learn more.
Don’t be afraid to experiment with elements like lighting, trees and flowers, or extra parking spaces to spice up your home. Some driveways even include curves and angles instead of using a simple, straight design.
Whether you want a more classic or modern look, you can search for inspiration from sources like HGTV and Pinterest. Unexpected but subtle elements add to the aesthetic of your home and can further increase your property value, as well as be fun to play around with!
Many benefits exist to upgrading or improving your driveway with unique designs, modern or traditional styles, and long-lasting materials. While paving your driveway with concrete provides the most benefits, other materials and styles—such as asphalt or glass—have their own advantages. If you’re looking to increase the value of your home, consider the pros and cons of each paving style—and even add your own creative twist!