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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.

You can pour concrete over asphalt if it’s in good condition, thick, stable, and well-compacted. Concrete is more durable than asphalt and can extend the lifetime of your driveway without having to pay frequent asphalt driveway repair costs or replace it completely. 

But this is best reserved as a temporary solution based on budget restraints, as asphalt requires more frequent repairs and assessments than concrete. Once that concrete top is poured, it’ll be harder to accurately understand what’s happening beneath that layer, which could lead to more issues.

It is possible to DIY complete hardscaping projects, but in most cases, hiring a professional is best to get the job done correctly. Hardscaping—including installing patios, decks, retaining walls, walkways, and water features—is challenging and time-consuming, so the money you spend on a professional is typically worth it. Not only will the quality be better, but you could avoid problems that come along with a lack of hardscaping experience, like drainage issues that can lead to costly foundation damage and leaks in your home.

Paver driveways are durable and aesthetically pleasing, but they do have a few cons. For instance, paver driveways are often more expensive than asphalt and concrete driveways. They also make it easier for weeds to grow where the separate pavers meet up. They may also be more likely to settle over time.