Fiber-cement siding is an increasingly popular option because it holds up even better and resists weather, insects, and even fire. These materials are even more appealing from the curb in a home’s driveway than either concrete or asphalt. If you are considering replacing or repairing your old concrete driveway, asphalt may be a better option in the end. While you want to increase property value and close the deal sooner, you also need to consider the cost-benefit. Asphalt Driveways & Other Exterior Upgrades That Add Value, Many homeowners initially think about concrete for paved driveways because this material tends to last longer. Installing an asphalt driveway can increase the curb appeal of your property, as well as increase your overall home value. Two of the most common exterior siding options are vinyl and fiber-cement. Consider power washing your asphalt driveway and walkways, trimming and mulching trees and shrubs, professionally cleaning windows, and replacing old, cracked house numbers with stylish new ones. Depending on where you live, an asphalt driveway can add different amounts of value to your home. If your home currently has siding but it's damaged or unsightly, the cost to repair it may make re-siding it more cost-effective in the long run. However, asphalt can last nearly as long when properly maintained. Why does paving my drive increase the value of my home? Installing a patio is another exterior upgrade that expands and enhances your outdoor living space while increasing your home's value. Asphalt is more flexible making it less likely to crack over time. Fiber-cement siding is an increasingly popular option because it holds up even better and resists weather, insects, and even fire. Richfield Blacktop: Asphalt Driveway Paving – Minneapolis, St Paul, Wolf Paving: Advantages of Asphalt Paving Over Concrete Driveways, Bob Vila: What's the Difference? And, of course, whether or not your driveway is paved. Once the search results populate the first picture is the front of the house. For many homeowners and home buyers, outdoor living is what it's all about. Asphalt driveways are often more durable, especially in winter weather when concrete may crack. Additionally, if you have a gravel or dirt driveway currently, people will view that as a weak spot. While a straight 12x50 driveway from the road to the garage is fine, curves and angles offer a more interesting approach. Driveways are the first thing that any guest or potential buyer would see as they enter your home. In the winter, asphalt is an asset to a home, since snow and ice melt off faster than they do from concrete. -. Learn about inexpensive ways to increase the value of your home and common mistakes to avoid. It takes longer to be able to use it after putting it down than asphalt, and it is subject to winter damage from snow-melting products containing salt. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. A majority of home buyers start their search online. You've spent some time with us! Increase the value. Potential buyers may simply drive past your open house, however, if your driveway is cracked, uneven and stained. Get A Free Estimate. The value an asphalt driveway adds to your home may come from the curb appeal it brings and the number of buyers it draws into your open house event. A damaged driveway can definitely turn someone away because it hasn’t been well taken care of.” Copyright © ImproveNetAll Rights Reserved. Modern vinyl siding maintains its integrity in all types of weather and requires minimal maintenance. Two of the most common exterior siding options are vinyl and fiber-cement. If you want to spend more money and add more value to your house than a concrete driveway can bring, you could invest in a cobblestone or brick driveway. Gravel and dirt driveways are messy and create dust when you drive on them, especially in drier months. In some markets, he adds, “a black top paved driveway that has fresh coating will actually sell the home. But, read on, because a new driveway may indeed be the path to enhancing the value of your property. property appraisals rise with permanent imporvements. As a downside, if you live in a hot climate, an asphalt driveway may become sticky or gooey when it softens during the heat of summer. You can also tackle low-cost projects that may not necessarily add value but will increase your curb appeal. Add to that the fact that for most people, driveways are a pretty mundane topic. Homeowners are injecting more character into their driveways. An asphalt patio can be poured nearly anywhere and formed to any shape, but if you're worried about ending up with an ugly black patio, don't panic. 475. Asphalt also gets very soft and even sticky/tacky in warm climates, as it's black, and due to the makeup of it. It’s hard to put a dollar amount to the value of a driveway that adds to the exterior of your home. How much your property value rises depends on the quality of the work, market conditions, and other homes in the area. You'll cover part of the cost of installing exterior siding by eliminating the need to paint. Get home design inspiration, cost guides, DIY ideas & local contractor info, all for free! Asphalt Paving Increases Home Value. And who doesn’t want to do that! It opens a door where they can bargain to get a lower price on your property if you have it for sale. Asphalt is also stain-resistant, which can help maintain your home’s curb appeal over the years. you can check with your county courthouse appraisal division and even get an estimate. This dust can coat your vehicle and your home's exterior, making everything look shabby and dragging down your curb appeal. A well-installed and well-maintained asphalt driveway can boost the curb appeal of your home, which can add value. You can also easily apply crack sealant to an asphalt driveway yourself if it has minor cracks. Will paving driveway increase home's value? Depending on the home, a new driveway can add around $5,000 to $7,000 in value. She also has a master's degree in development studies and a Bachelor of Arts in anthropology. There are several things which will put off prospective buyers such as: Price; Condition; Lack of garden; Lack of garage; Crime level in the area Meaning, a house worth 500,000 could have its value increased to 550,000. 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