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Costs range from $3 to $7 per square foot, depending on the area size and project scope.

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.

Asphalt paving offers several benefits, including cost-effectiveness and a quick installation process. It provides a durable and smooth surface, making it ideal for high-traffic areas. With proper maintenance, asphalt also offers longevity.

Asphalt and tarmac are not the same thing. Traditional tarmac, short for tarmacadam, uses tar as a binder to hold crushed stone together. Asphalt uses bitumen—a byproduct of crude oil—to bind aggregate. Though tarmac was once a go-to for roads, asphalt has become the modern standard. And these days, most surfaces referred to as “tarmac” are actually asphalt. So, while the names may overlap, the key distinction lies in the binder—tar for tarmac and bitumen for asphalt.