Consider Upgrading Your Gravel Driveway To Increase Your Home's Value
If you're a homeowner with a gravel driveway, it may be time to upgrade. Gravel driveways are cost-effective, but you need to know about their drawbacks too, especially when it comes to the value of your property. A gravel driveway may work in a pinch, but it doesn't have the durability, smoothness, or curb appeal that potential buyers tend to appreciate. Switching to asphalt could be a worthwhile investment that improves the look of your home and can even increase its value.
Gravel driveways are favored for their low upfront cost and relatively simple installation. They do, however, require regular maintenance to keep functioning and looking good. Gravel settles over time, leaving holes, ruts, and uneven surfaces that can become a safety issue. If you have a gravel driveway, you need to be raking it regularly, and gravel needs to be replenished frequently, so it can become an ongoing expense. Gravel driveways are also more likely to suffer from weeds, which can negatively impact your home's overall appearance.
A gravel driveway can be a turnoff for many buyers. Though repairs may seem easy, the upkeep needed for gravel can be a nuisance, and its short lifespan makes it less desirable than other alternatives. The take-home lesson is that gravel is not the best choice of driveway material if you want to increase the value of your home. This is particularly true in a competitive real estate market where buyers want low-maintenance, appealing amenities. That's where an asphalt upgrade comes in.
Reasons why asphalt is a smart investment
There are several benefits of upgrading to asphalt, especially where the property price is concerned. Asphalt is more expensive than gravel, but it's also a more durable, low-maintenance option. Since asphalt creates a smooth, even surface that will not shift or form ruts like gravel, it is much less prone to cracking or getting potholes. As a result, it can last up to 30 years, potentially making it more cost-effective in the long run.
While several clever driveway layouts are sure to boost curb appeal, the material used also matters. Asphalt provides a smooth, clean, and groomed appearance that complements any property. First impressions are important when trying to sell your home, and an aesthetically pleasing driveway can lead visitors to the property on a positive note. If you have plans to sell your home one day, investing in an asphalt driveway could even enhance the resale value of your home.
An asphalt driveway can increase the value of a property by as much as 10%. This smooth, low-maintenance surface can help your home stand out in a competitive real estate market — especially if the buyer is seeking a residence with fewer upkeep-related headaches. Asphalt is also the more practical option in colder climates, where freeze-thaw cycles can cause gravel to disintegrate. It is less affected by weather-related issues like cracking and gives better traction in rain or snowy conditions.