- “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.
Moreover, What is the longest lasting driveway? 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.
Is a new 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.
Likewise, Is it worth it to pave driveway? Asphalt is more flexible making it less likely to crack over time. Asphalt driveways can last you 20-25 years if properly installed and maintained – a great investment. One final point about paved driveways. While they increase the value of your home, a nice paved driveway can also help sell your home FASTER.
Is concrete driveway better than asphalt? Overall, the difference between asphalt and concrete driveways is that asphalt is less durable than concrete. With proper maintenance, it can last 30 years. Alternatively, concrete provides a sturdy, long-lasting option and can last homeowners 50+ years with occasional repairs and degreasing.
What is the best low maintenance driveway?
Low-Maintenance Driveway Options
- Paving Stones. Paving stones are known to last up to a full century if properly laid. …
- Concrete Grass Pavers. An interlocking concrete grass paver driveway made may be an option for your driveway. …
- Plastic Permeable Pavers.
What is the most eco friendly driveway?
The Top Eco-Friendly Materials to Repave Your Driveway
- Crushed Concrete. Concrete isn’t a naturally occurring material, but many homeowners rely on it for their driveways. …
- Natural Stone Pavers. …
- Sealcoating for Asphalt. …
- Porous Concrete. …
- Sandstone Bricks. …
- Perpetual Pavement. …
- Porous Asphalt. …
- Crushed Beach Shells.
Is it better to have a concrete or asphalt driveway?
Overall, the difference between asphalt and concrete driveways is that asphalt is less durable than concrete. With proper maintenance, it can last 30 years. Alternatively, concrete provides a sturdy, long-lasting option and can last homeowners 50+ years with occasional repairs and degreasing.
Is a concrete driveway worth it?
The combined strength and longevity make concrete a relatively good value for large areas of paving. As a driveway surface, concrete is more expensive than gravel and asphalt, but it is considerably less expensive than a driveway made with brick, cobblestone, or concrete pavers—and it typically outlasts all of these.
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.
How much value does a driveway add?
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.
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 long should 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.
How much is a 700 ft driveway?
For example, a driveway 15 feet wide by 700 feet long with a six inch base will need approximately 25 tons of gravel, at a material cost of about $700. With delivery, the total cost will be around $1000. The cost of pouring a concrete driveway depends on the quality of the concrete.
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.
Which is cheaper concrete or asphalt driveway?
The cost of an asphalt driveway is typically cheaper than concrete, costing $2.00 to $4.00 per square foot. Asphalt prices tend to fluctuate with fluctuations in crude oil prices. In contrast, a concrete driveway costs between $4.00 and $6.00 per square foot for a standard installation.
How can I save money on my driveway?
One of the best ways to save money is to use loose materials such as gravel, stone, or tar-and-chip (macadam) for your driveway surface.
