When homeowners weigh which upgrades best improve their property values; remodeling kitchens and expanding bathrooms are almost always top of the list. But what about installing a new driveway?
A dirt or gravel parking area turns into a veritable quagmire during bouts of heavy precipitation, which could mean you end up tracking more mess into your home than you bargained for. A new driveway can cure this inconvenience and possibly raise your real estate's value.
A new driveway affects curb appeal
Dirt, gravel or driveways in significant decline tend to have an inhibited attraction, which can turn new homebuyers off your property. Rather than eager buyers competing for the highest offer, sellers may face a lackluster pool of potential buyers. Like beautiful gardens and manicured lawns, driveways matter.
Best materials for driveway installations
Although homeowners typically think either concrete or asphalt, there are a wide range of materials leveraged for a new driveway. Some of the less known materials include tar-and-chip and exposed aggregate. These usually require a contractor who does niche work, however.
Handy DIY homeowners can install a mid-range driveway using interlocking pavers of concrete. Many of the same colorful and textured concrete pavers employed for patios and walkways serve equally well in driveways. When leveraged in this capacity, the products typically need to be four to six inches thick to support the weight of a car, truck or SUV.
Pouring concrete slabs is also a project DIY property owners can learn and complete with little to no professional asistance. Concrete driveways should run at least four inches thick and include rebar to increase their strength.
These projects require preparation similar to pouring a slab foundation, such as digging down to the firm ground and building 2x4 forms. Concrete remains a favored material in hot weather areas because it deflects heat more effectively than asphalt. Although asphalt delivers superior curbside appeal, it generally requires professional installation.
How much does a new driveway increase my property value?
The return on investment of a new driveway often depends on items such as size, design and the materials used, among other factors. Some experts peg a new driveway's impact at upwards of $10,000 to $20,000. Others took a more cautious approach by estimating it improves listing value by about 10 percent. What's essential for homeowners to keep in mind is: a driveway makes a first and lasting impression.
About the Author
Natalia San Filippo
Greetings from beautiful Naples Florida! Having grown up in Siberia, in a challenging environment I have a deep appreciation of our wonderful Southwest Florida climate and lifestyle. The journey that led me here has fueled my drive to be the best at everything I attempt. My natural enthusiasm for my work is contagious, and clients know that I am "giving my all”. My deep dedication to my family that includes my two adult children and my four fabulous grandchildren. My family reminds me every day that considering family first in one’s life requires an exceptional "home base” for everyone to gather for events and holidays. Everything in my life has equipped me to be a fabulous realtor at Premiere Plus Realty. Naples is cosmopolitan and international harmonious environment, positive energy and lifestyle. As a certified yoga instructor, I believe in and understand the importance of balance in one’s life. It’s through my yoga practice that I have achieved peace and harmony in my life. It’s this peace, harmony, and enthusiasm that I wish to pass to my clients. My goal is to continue to serve you!!! It is my mission! It is my goal! Let’s get to work together! Natalia Realtor, specializing in Residential sales, New construction, seasonal rental, VA homes, First home buyers, listings, sales. Member of Miami and Stella MLS. I service Naples, Bonita Estero, Marco Island & Ft. Meyer's as well as SW Florida. I appreciate referrals and I help with referrals in other States.