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

Yes, most pressure washing companies use your home's water supply, typically from an outdoor spigot. However, some companies can bring their own water in a tank or truck. This is less common and may incur additional costs for filling and hauling the water. It's a good idea to ask a company which method they use when you call for a cost estimate.

Excavators work in tandem with dump trucks to haul away excess dirt and soil. The excavator will dig into the ground and move the excess dirt into a pile. Using a backhoe, the specialist can fill a truck with excavated soil from that pile. They will then drive the truck to a different location where they can dump the material.

Does the water in your taps sometimes come out very slowly? If so, you might have problems with low water pressure in your house, and your pressure washer won’t effectively clean. To test if your water pressure is sufficient, time how long it takes for the water from your hose to fill a 5-gallon bucket. Usually, if it takes less than two minutes, you’re good to go.

Regular maintenance will help you avoid costly repairs and early replacement. Clean the driveway surface with a stiff brush and water at least twice yearly, and remove any weeds that try to take root. Additionally, every two to five years, apply a sealcoat—this protects the driveway against damaging UV rays and keeps it looking like new.

Yes, a pressure washer uses less water than a garden hose. There are many ways to use a pressure washer, and it can be an eco-friendly hose substitute. While a pressure washer expels water with greater force, it uses 50% to 70% less water than a garden hose. Specifically, hoses put out six to 10 gallons per minute (GPM), while pressure washers only use two to five GPM.

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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.