Bad-quality pavement can have a significant impact on the value of your home. If your driveway is in poor condition, it can make your home look unkempt and decrease its curb appeal. In addition, a damaged or gravel driveway can be difficult to maintain, especially in the winter. As a result, prospective buyers may be deterred from considering your home. Paving your driveway is a significant investment, but it may be worth it to boost the value of your home.
How Much Can a Low-Quality Pavement Impact the Appraisal?
Bad pavement can decrease the value of your home by up to 10 percent. Suppose you are planning on selling your home. In that case, investing in repairing or replacing your driveway is important before putting your house on the market.
Your home’s appraisal is based on several factors, including location, size, age, and condition. The appraiser considers the condition of your home’s driveway when determining the value of your property. A cracked, uneven, or otherwise damaged driveway can make your home appear less well-maintained and decrease curb appeal. This can lead to a lower appraisal value for your home.
Bad pavement can also be a safety hazard. Cracks and potholes can damage tires and cause trips and falls. You could be held liable if someone is injured on your property due to low-quality pavement. This could result in a lawsuit and potentially large financial damages.
Appraisers or potential buyers may perceive the damage as a sign that the home is not well-maintained and could require expensive repairs.
Best Materials for Driveways that Increase Your Home’s Value
When it comes to paving materials, there are many options. As a homeowner, you’ll need to consider your climate, budget, and personal design preferences when choosing one.
Asphalt
Asphalt is a popular choice for driveway paving because it’s very durable and low maintenance. It’s made by mixing gravel, sand, and stone with bitumen, which is then laid down in layers. A well-designed and installed asphalt driveway may last for 20 years or more.
Pros
- Asphalt driveways are durable and can withstand a lot of wear and tear.
- They’re also low maintenance since they don’t require resealing like other driveway materials.
Cons
- Asphalt driveways can develop cracks over time, especially if not properly maintained.
- They can also be subject to staining from oil leaks or other substances.
Concrete
Concrete is a popular driveway paving material. To prevent the surface from cracking with temperature swings, start with a solid gravel base and finish by pouring concrete slabs on top. A properly designed and maintained concrete driveway may survive for 25-50 years.
Pros
- Concrete is extremely durable.
- You can customize the look of your concrete driveway with different colors and finishes.
- Concrete doesn’t require much maintenance. Regular sweeping and cleaning are usually all needed to keep it looking its best.
Cons
- Concrete driveways can crack over time if they’re not properly maintained.
- They can also be subject to staining from oil leaks or other substances.
Paver Stone
Paver stone is another popular choice for driveway paving. It’s made from interlocking concrete pavers that are available in a variety of colors and styles.
Pros
- Paver stone driveways are very durable and low maintenance.
- They can last for 20 years or more with proper care.
Cons
- Paver stone driveways can be more expensive to install than asphalt or concrete.
- They also require more regular cleaning and maintenance than some other driveway materials.
If you’re looking for the best paving contractor in Texas, Prime Asphalt is at your service! We provide high-quality paving services in Waco, TX. We believe that asphalt pavement will enhance the beauty and value of your home. That’s why we provide reasonable pricing for residential, commercial, and industrial asphalt paving services.
