Profile picture for mktgandme

Driveway material--does it add to resalability

We currently have a gravel driveway.  We are reviewing whether to re gravel or to pave through concrete or asphalt.  Our question is which option would be better for resalability?  and how much so?
paul
prfssrpah@aol.com
  • April 04 2014 - Angola
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Answers (3)

Profile picture for mktgandme
Our lot is the largest in the neighborhood.  Most other driveways are short (20-40 feet) while with our house being set back from the road, our circular driveway is 430 linear feet (which makes paving a considerable expense).
  • April 05 2014
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Profile picture for Trevolyn Haines
What do your neighbors have? If you are in a neighborhood where everyone else has gravel you are unlikely to make back much on the upgrade and if you are planning on selling soon it will probably not be worth doing. On the other hand, if you are planning on being in the house for a while and you would get satisfaction and enjoyment from the upgrade go ahead and do it. Since concrete is a cleaner look and is more durable it will be more desirable to a buyer than asphalt but it is also more expensive and if you are in a neighborhood of gravel driveways asphalt may be a better choice cost wise.
  • April 04 2014
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Depends... Sorry not trying to be vague but once you look at the total area of your property and determine if that's the best use of your dollars for a higher resale.  

Any improvements usually add to resell value but what's the percentage of increase verses cost?
that's what we need to be determined.

I hope to give you a better idea of how to determine cost ratios and the potential increase in value.

ALOHA
  • April 04 2014
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