How much does a driveway add to property value?

At a minimum, increasing the value of your property will cover the cost of the driveway. The amount of added value may fluctuate. The amount may be higher for a larger house. A driveway will add value to your home.

The quantity depends on factors such as typical houses in the area, market conditions and the type of material you choose. In addition to having a home that is more salable because of the garage, having this will only add value to your property. Adding a driveway to your property can add up to 10% to the value. Why should I consider having a paved driveway? As a homeowner, you take pride in the exterior appearance of your home.

However, many residents leave a key component of their property unattended. That key component is the driveway. The appearance of your disc can greatly affect the first impression you give to a potential buyer. Having a paved driveway can increase the value of your property.

Depending on personal circumstances, a prospective buyer may want a driveway because they need to load and unload passengers safely and not on the road. For example, if the driveway of your home is in poor condition and everyone else is in good condition, your home will have a lower perceived value to buyers. Your entry may not be the most exciting property improvement of all time, but it certainly serves a critical function and gets a lot of use from day to day. If most homes don't have driveways and yours does, this gives your home an advantage over others in the neighborhood.

After you have placed your driveway, you may want to consider other options so that the driveway pays for itself and looks attractive. A glass driveway is actually small pieces of recycled glass, turned over until smooth and bonded with resin. Not only do they provide extra counter space, but they can also be used to do homework, grab a quick bite or a place for guests to hang out while cooking. What you might not realize is that your driveway can generate what you spend on pavement, if not more so when you sell your home.

Many homeowners don't think much about their gardens, but good design can significantly increase the value of their home, sometimes as much as a new kitchen or bathroom. According to a survey, only 44% of potential buyers wanted a garden, while 84% said they wouldn't buy a home without a driveway. A local agent will not only be able to advise you on the driveway, but also on any other repairs or improvements your home may use to prepare for the sale.

Debby Parker
Debby Parker

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