Can an Asphalt Driveway Increase Your Home Value?

April 20, 2020

As a homeowner, you want your house and property to look nice all the time. This is even more important if there’s a “for sale” sign in your front yard. With this in mind, what things can you do to sell for as close to your asking price as possible? You might be wondering whether installing an asphalt driveway will increase the value of your Montgomery County, MD home. Here’s everything you need to know.

An asphalt surface boosts curb appeal

Your house and property are yours to update as you please, but it doesn’t hurt to try and match the rest of the neighborhood. Take a look around—if your house is the only one without a paved driveway, or everyone else has gravel driveways, you might want to consider investing in an asphalt driveway. Asphalt paving is an affordable way to stand out, while at the same time giving your property a durable driving surface. Another reason to consider asphalt for your driveway is to replace an old or damaged concrete driveway. Asphalt costs less to purchase and install than concrete.

If you’re planning to sell your home, keep in mind that a cracked, chipped or worn driveway, regardless of the material, is going to turn off potential buyers. Dirt and gravel driveways, meanwhile, are viewed as weak surfaces. Should someone show interest, they may use this against you during price negotiations. Nothing beats asphalt when it comes to curb appeal.

Make repairs to existing asphalt driveways before selling

Before putting your house up for sale, your realtor will suggest you take care of any necessary asphalt repairs. Since you have a paved asphalt driveway, filling cracks, repairing chips and sealcoating minor issues is not usually a burden. However, while you can patch asphalt, it’s best to leave repair services to a professional. A pro has the tools, equipment and knowledge to fix cracks and chips with ease to preserve existing asphalt surfaces instead of creating more damage. Potential home buyers, dinner guests, friends and family—every person who walks up to your home will notice your well-maintained driveway.

Asphalt is the best option for driveways

There are notable differences between asphalt and concrete driveways, but a lot comes down to personal preference. Although concrete is the more traditional material for paving driveways, more and more people are turning to asphalt for its durability and affordability. Asphalt is also the more flexible option that’s able to stay relatively free of damage, as long as it’s regularly cared for, cleaned and maintained. Additionally, asphalt driveways can last for 30 years or more before replacement is necessary.

Another upside to asphalt driveways over concrete is color. Because motor oil, dirt, fuel and various types of debris are bound to land on the surface, many homeowners appreciate that asphalt makes it difficult to see these—fewer cleaning sessions are required to keep your driveway looking like new.

Residential asphalt in Montgomery County, MD is one of Maryland Asphalt LLC’s specialties. Don’t hesitate to give us a call to schedule a consultation!

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