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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.

Whether you decide to DIY paver installation or want to hire a pro, it’s smart to understand the process. First, you’ll need to prepare the area by clearing away grass and dirt. Next, you’ll add the paver base of gravel and sand before laying the pavers on top. You may need to cut pavers to fit your space or the landscaping design and add edging stones.

If your new pavers look dull or unclean, it is likely due to efflorescence, a chalky, white powder that forms when lime in the pavers gets wet. This condition often resolves on its own, as rain will naturally wash it away within about a year. For faster results, you can use a pressure washer to clean the pavers. Alternatively, consider using cleaning products specifically designed to remove efflorescence or applying sulfuric acid crystals.

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.