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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.

Gravel is the most economical and least expensive driveway material, costing between $1 and $3 per square foot. This is significantly cheaper than alternatives like asphalt or concrete. However, it's important to consider long-term costs, as gravel driveways require regular maintenance. You will likely need to add new gravel filling once or twice a year and regularly rake it to keep it level, which can add to the overall cost over time.

If you notice minor cosmetic problems with your driveway, you should seal it. Look out for cracks and holes on the surface, faded asphalt or concrete, and stains from oil and other chemicals. Replacing your driveway may be necessary if you’re dealing with significant problems—¼-inch cracks, large potholes, and puddles from drainage issues. The cost to install an asphalt driveway typically ranges between $4,200 and $9,000, significantly more than resealing. Consider talking to a professional to discuss whether resurfacing your driveway—a midway project between resealing and replacing—is a better option for you.

While paving a driveway is possible to do as a DIY project, we don’t recommend it. Hiring a driveway professional to pave it will ensure that your driveway looks neat and clean and lasts for years to come, and it will also prevent a weak driveway and, potentially, damage to your foundation. Paving a driveway requires heavy machinery, and while you can rent the equipment needed, operating it close to your garage slab or around your home’s foundation can crack it and lead to structural issues.