You can definitely get a great return on your investment. At a minimum, increasing the value of your property will cover the cost of the driveway. The amount of added value may fluctuate. 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. When selling your home, you tend to renovate everything to make it look attractive to potential buyers. You may be considering whether it's worth cleaning the driveway or if you want to add one to your house. You might be surprised to learn that a driveway does add value to your home.
It is estimated that a driveway can increase the value of your property by 5 to 10%. That's quite a lot for an area that doesn't really need to pay much to renovate it. 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.
Repairing your driveway may not add more value, but it will definitely be more attractive and help your property stand out. If you want to spend more money and add more value to your home than a concrete driveway can bring, you can invest in a cobblestone or brick driveway. According to a survey, only 44% of potential buyers wanted a garden, while 84% said they wouldn't buy a home without a driveway. The value that an asphalt driveway adds to your home can come from the exterior appeal it brings and the number of buyers it attracts to your open house event.
If you only plan to stay for a few years, you can opt for a quick fix, which, while adding value to your home, will cost you less than other materials. If you think adding a sunroom is a cost-effective way to increase the value of your home, nailing on a terrace is really a bargain. If most homes in your area have driveways and yours doesn't, this may make your home less desirable. Because of all the prep work involved, installing an asphalt driveway might not be a DIY option for beginners.
A ticket for two cars will average around £4,500, with larger tickets averaging approximately £6000 and more. When the driveway starts to break and grass and weeds sprout through the cracks, the uneven pavement creates a safety issue. You can even add features like a prep sink or additional burners that will make your kitchen a chef's dream. 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.
If most homes don't have driveways and yours does, this gives your home an advantage over others in the neighborhood. But do you add enough to make it a project worthy of preparing to sell your house? The answer is a little more complicated.