Quick Answer: Is Paving A Driveway A Good Investment?

Is it better to pave or concrete a driveway?

Lifespan and Durability Overall, asphalt is less durable than concrete.

With proper maintenance, it can last 30 years.

Alternatively, concrete provides a sturdy, long-lasting option and can last homeowners 50+ years with occasional repairs and degreasing..

What is the cheapest way to pave a driveway?

Of the four paving materials described in this guide, aggregate (gravel) is the least expensive, followed by asphalt, concrete, and paving stones. If you’re installing your driveway on a shoestring budget, gravel is your best choice. If you have more wiggle room, you’ll have more choice.

What lasts longer asphalt or concrete?

Concrete driveways normally last longer than asphalt. In general, if installed properly in a suitable climate and maintained regularly, your concrete driveway should last 30 to 40 years, while an asphalt driveway is generally good for 20 to 30 years.

How much should I pay to have my driveway paved?

Other sources estimate the cost to install an asphalt driveway to be between $2,300 and $10,300. Homeowners typically pay per square foot. Reibling adds the average cost per square foot is between $3.50 and $4.50. Some asphalt contractors may charge by the ton, with the cost ranging from $100 to $150 per ton.

How much does it cost to pave a 2 car driveway?

The average cost for a 2-car driveway paving and installation is $3,600 with most homeowners spending between $950 and $7,940. The price can vary greatly by region (and even by zip code). Get free estimates from pros near you.

How much does it cost to pave a driveway with cement?

The most basic method ranges from $10 to $12 per square foot.

Is 2 inches of asphalt enough for a driveway?

For a regular driveway which is going to be used by regular cars, bicycles and bikes; 2 inches of asphalt is thick enough. Generally for resurfacing, 2 inches of asphalt is just about right, but if you are going for a stone surface and need a good base, it is better to layer up the asphalt thicker, around 3 inches.

What is the cheapest driveway to install?

2. Gravel. This is one of the cheapest alternatives to asphalt driveways by far, costing very little to have installed. The average gravel driveway consists of hard, angular gravel laid throughout the driveway.

How much should a driveway cost?

The cost to put in a new driveway averages $4,426, with a typical range between $2,379 and $6,480. For most types, you can expect to pay $2 to $15 per square foot for materials and installation. Driveway prices depend mostly on the material, which ranges from $1 to $50 per square foot, and the dimensions of the area.

Does paving driveway add value?

Paving a new driveway can add significant value to your property. You can definitely get a great return on your investment. At the very least your property value increase will cover the cost of the driveway. The amount of added value can fluctuate.

What type of driveway lasts the longest?

ConcreteConcrete is the old standby for driveways. Most suburban homes opt for this material for two big reasons: Concrete is typically the longest-lasting driveway surface, and, if installed properly, it is practically maintenance-free.

What brings down property value?

Your home’s value drops when you neglect repairs and updatesDeferred maintenance. If it ain’t broke, it can still lower your property value. … Home improvements not built to code. … Outdated kitchens and bathrooms. … Shoddy workmanship. … Bad landscaping. … Damaged roofing. … Increased noise pollution. … Registered sex offenders close by.More items…•

What is poor man’s concrete?

Soil-cement is a mixture of Portland cement, natural soil, and water used to form a hard, semi-rigid paving surface. It is most often used in highways or as a sub-base for asphalt or other forms of paving, but it can also be used as a cheap stand-alone paving surface for driveways, sidewalks, patios, or garage floors.

How much does it cost to pave a 2000 sq ft driveway?

Paving an asphalt driveway costs $4,723 on average, with a typical range between $2,930 and $6,562. This project runs $7 to $13 per square foot, including $2 to $6 per square foot for materials and $5 to $7 per square foot for labor. If you need replacement, you’ll pay $8 to $15 per square foot.

How much does it cost to pave a small driveway?

COST OF A DRIVEWAY In terms of cost, asphalt paving typically runs about $3.00 to $4.00 per square foot depending on the scope of the project (quality & topography of your property, slopes, curves, etc). Concrete is another choice, but typically runs about $6-7.00/SF.

How long does a paved driveway last?

12 to 20 yearsAsphalt driveways typically last 12 to 20 years, depending on the quality of the installation, the climate, the usage they get, and how well they have been maintained. Like most everything else, the better care you take of your asphalt driveway, the longer it will remain in service.

What is the cheapest type of driveway?

Gravel driveways are hands-down the most affordable option upfront. Asphalt driveways place second in cost, followed by cement and pavers. Although gravel driveways are the least expensive initially, they require the most maintenance long-term.

What is the best driveway to have?

Asphalt is another popular choice when it comes to installing a new driveway. Cost: Asphalt driveways are cheaper to install than concrete driveways. Therefore those looking for the properties of a concrete driveway but at a cheaper cost, use asphalt as an alternative.