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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 paving a driveway is possible to do as a DIY project, we don’t recommend it. Hiring a driveway professional to pave it will ensure that your driveway looks neat and clean and lasts for years to come, and it will also prevent a weak driveway and, potentially, damage to your foundation. Paving a driveway requires heavy machinery, and while you can rent the equipment needed, operating it close to your garage slab or around your home’s foundation can crack it and lead to structural issues. 

An example of permeable paving is a set of cinder blocks or natural stone pavers with room inside for natural materials, such as gravel, sand, or grass. You can also design these pavers with brick or plastic tiles.

In addition to these pavers, permeable pavement can be obtained by using a highly porous material, such as pervious concrete or pervious asphalt.

Asphalt dries and cures best between 50 and 85 degrees Fahrenheit. This range allows moisture to evaporate quickly without causing the asphalt to cool too fast, which can negatively affect the drying process. However, keep in mind that other weather conditions can also affect curing and drying times, such as precipitation and humidity.