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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.

While blacktop is a type of asphalt, the terms should not be used interchangeably, as not all asphalt qualifies as blacktop. The primary differences are in their composition, production process, and ideal applications. Blacktop contains more stone than other types of asphalt and is heated to a higher temperature during production—300°F or more—while hot-mix asphalt is heated to between 275°F and 300°F. The ratio of bitumen (a tar-like crude oil) is a key differentiator, though sources vary: some state blacktop has less bitumen, making it less durable, while others claim it has a higher ratio. Due to these differences, asphalt is generally more durable and better for high-traffic areas like highways and streets, while blacktop is more suitable for playgrounds and residential driveways. For a driveway project, it is best to consult a professional to determine the most appropriate material.

The answer to whether or not you need to get a permit before you start your driveway can vary widely based on local ordinances and the scope of your driveway ideas. In most urban and suburban areas, a permit is needed before building a new driveway to ensure that a homeowner is using safe materials and proper drainage practices while designing and constructing a new driveway. In some rural areas, a homeowner may not be required to apply for a permit. When building a new driveway on your own, always check with your local building department to see if you need to request a permit. When hiring a driveway contractor, verify that the right permits are being used before driveway construction begins.

In terms of durability, concrete driveways can last more than 50 years when properly maintained, compared to the typical 30 years for an asphalt driveway. However, the durability depends on the climate, base material and thickness, and thickness of the concrete or asphalt used. The longevity of concrete or asphalt driveways also depends on how well it’s maintained and the amount of wear and tear it endures.