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Yes, a paved or repaved driveway can boost your home's value by increasing its curb appeal and the functionality of your outdoor space. A new driveway can add anywhere from $5,000 to $20,000 to a property's value. An old, crumbling driveway can be a red flag for potential buyers and inspectors.

The amount of value added depends on the materials used, the design, and local market conditions. Concrete is often cited as adding the most value due to its long lifespan, though asphalt may be more desirable in colder climates. The return on investment is greatest when replacing a driveway that is in poor condition; repaving a driveway that is already in good shape will not yield as significant an increase in value.

Gravel is the cheapest way to extend a driveway. Gravel is an affordable, practical option that’s easy to install and perfect for DIY projects, helping you save on labor costs. It can be quickly spread and leveled to create extra driveway space without heavy preparation. While gravel doesn’t offer the same durability or finished look as concrete or asphalt, its low cost makes it ideal for budget-conscious homeowners who want a functional solution without overspending.

Asphalt, which is stone mixed with tar, is the most common material for outdoor basketball courts because it’s so sturdy and versatile. However, you don't have to use it: another option is polymeric rubber, which has shock pads that can prevent injury. This option is a little more expensive, ranging between $16 and $25 per square foot.

Materials used for indoor basketball courts, such as hardwoods, aren’t really an option outdoors.

The material that’s best for your private road depends on your property, the climate in your area, and your personal preferences. Gravel is an affordable option, but some homeowners don’t like how it looks. It can be a pain to remove snow from, and it requires more ongoing maintenance than asphalt or concrete. However, while these other options require less maintenance and make snow removal a breeze, they’re more expensive and will need repairs from time to time. Ultimately, you’ll have to choose the road material that suits you and your property best.