Does a Concrete Driveway Increase Property Value?

This project can have a concrete effect on your home’s value

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  • A new driveway can add value to your home, with concrete installations providing an average ROI between 50% and 80% based on your property's market.

  • Expect to pay $4 to $15 per square foot for concrete driveway installation, with larger driveways costing more but providing greater resale value for your home.

  • Your concrete driveway's value depends on its size, construction quality, curb appeal, and premium finishes like stamped or stained concrete that enhance visual impact.

  • Hiring a local concrete driveway professional ensures proper site preparation, code compliance, and quality installation that maximizes your home's resale value and long-term durability.

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Your driveway is one of the first things people see, and a damaged, worn-out, or deteriorating driveway can make your home harder to sell. Installing a concrete driveway can yield an ROI of 50% to 80%, increasing your home’s value by $3,000 to $10,000. A new concrete driveway can improve your home’s curb appeal and make it more attractive to potential buyers. Learn which factors affect the value of a concrete driveway.

Factors That Influence Concrete Driveway Value

The value of a concrete driveway can vary significantly based on various factors, including size, materials, and construction quality. In addition, the more recently your concrete driveway has been installed, the more potential value it may add to your home. 

Size

A concrete driveway’s value can depend on its size. A smaller driveway will cost less to install but will have less of an effect on its value. Here are some common concrete driveway sizes and their average resale value.

SizeAverage Resale Value
10 x 20 ft. (200 sq. ft.)$1,500–$2,400
12 x 24 ft. (288 sq. ft.)$2,100–$3,500
24 x 24 ft. (576 sq. ft.)$4,200–$7,000
24 x 36 ft. (864 sq. ft.)$6,500–$10,500

DIY vs. Hiring a Pro

Hiring a concrete driveway contractor to install your concrete driveway is a good way to maximize its value. Unless you have experience pouring concrete, it’s best not to tackle this project as a DIY. A local concrete driveway pro will ensure the area is correctly prepped, the driveway is properly poured, and all local codes and regulations are followed. A professionally installed concrete driveway will look better and last longer, adding more value to your home.

Construction and Materials

How your driveway is constructed can also affect its value. Pouring concrete over asphalt is a budget-friendly way to install a concrete driveway, but the concrete may be more susceptible to cracks than a driveway made solely of concrete. When comparing a gravel versus concrete driveway, the gravel has a much lower up-front cost, but the concrete will add significantly more value.

Curb Appeal

Beyond function, your concrete driveway’s appearance and curb appeal will influence its value. Premium finishes like stained or stamped concrete will add additional value when compared with plain or broom-finished concrete. 

How to Estimate the Added Value of a Concrete Driveway

Here are some ways to estimate the added value of a concrete driveway:

  1. Determine the installation cost and potential resale value for your size driveway. Larger, more expensive driveways may be more of an up-front cost than you’re willing to spend for the return.

  2. Consult a local appraiser to find out how much value concrete driveways add to homes for sale in your area. 

  3. Compare your home and its current driveway to comparable homes nearby. If the other properties have older or damaged driveways but are otherwise similar, it may be worth the investment for a new driveway to entice buyers.

Cost to Install a Concrete Driveway

Construction worker paving with concrete
Photo : kozmoat98 / E+ / Getty Images

A concrete driveway costs between $4 and $15 per square foot to install, although premium finishes and other add-ons may add to the total project cost. Replacing an existing driveway will also involve removal costs for the old driveway while installing a brand new one will mean additional costs to prepare the site.

Is a Concrete Driveway Worth It?

Not sure if a concrete driveway is a worthwhile investment? If your current driveway is deteriorating or unsightly, it can hurt your chances of selling your home and lower your asking price. A new driveway is appealing to buyers, especially concrete driveways, which are known for their durability and long lifespan. In some areas, though, the increase in value may not justify the up-front cost. Consider the pros and cons to determine if it’s the right project for you. 

ProsCons
Durable and long-lastingCan show stains easily
Can withstand heavy weightRequires professional installation
Eye-catching appearanceHigher upfront cost

How Angi Gets Its ROI Data

Home is the most important place on earth, which is why Angi has helped more than 150 million homeowners transform their houses into homes they adore. To help homeowners maximize the value of their investments, we gather ROI data from reputable sources, including industry reports, real estate studies, and interviews with market experts. We calculate the average resale value for projects by multiplying the ROI against the project’s average cost according to our cost data, which is sourced from thousands of real Angi customers. 

Want to help us improve our data? Send us a recent project quote or home appraisal value to [email protected]. Quotes and personal information will not be shared publicly.

Frequently Asked Questions

Powerwashing services for businesses typically range from $200 to $1,500, depending on surface size, level of grime, and cleaning methods. Heavily stained or high-rise buildings may require additional labor and equipment.

You can certainly utilize a pressure washer to effectively clean your garage floor. If you're dealing with oily residue, consider adding a degreaser to the pressure washer solution. Prior to using the pressure washer, make sure to thoroughly sweep the garage floor to eliminate any loose dirt or debris.

Begin the pressure washing process from the back of your garage, which is closest to your home, and work your way towards the front. This ensures that the water and dirt are directed outside. In case you've applied a cleanser or degreaser, it's a good idea to give the floor another pass with clean water using the pressure washer to ensure a thorough rinse.

When comparing installation costs, asphalt is often less expensive upfront than concrete. Asphalt prices typically range from $7 to $15 per square foot, while concrete can range from $3 to $18 per square foot. However, long-term costs should also be considered. Concrete driveways generally last longer (up to twice as long) and require less maintenance, which can make them more affordable over their lifespan. While asphalt has a lower installation cost and is easier to repair, it requires more frequent maintenance, such as sealing, which can add up over time. Therefore, while concrete is more expensive initially, its durability may offset the cost in the long run.

You don't technically need to seal your driveway after pressure washing, but doing so will help keep your driveway clean for longer. The best driveway sealer depends on the type of driveway you have. To seal asphalt, consider an asphalt emulsion sealer, fast-drying sealer, or latex acrylic sealer. Concrete driveways commonly use acrylic sealers or penetrating sealers.

Pressure washing your home or fence can make a major difference in the appearance and may even help extend the life of the structure you’re cleaning. Some of the most common areas that people pressure wash around their property include:

  • Driveway: $100–$250

  • Patio: $100–$200

  • Fence: $150–$300

  • Gutters: $50–$150

  • Roof: $450–$700

  • Siding: $150–$1,400

  • One-story house: $150–$750

  • Two-story house: $400–$1,400

  • Three-story house: $700–$1,800

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The homeowners guide to concrete driveway services

From average costs to expert advice, get all the answers you need to get your job done.