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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.

Gravel is the most economical and least expensive driveway material, costing between $1 and $3 per square foot. This is significantly cheaper than alternatives like asphalt or concrete. However, it's important to consider long-term costs, as gravel driveways require regular maintenance. You will likely need to add new gravel filling once or twice a year and regularly rake it to keep it level, which can add to the overall cost over time.

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.

Common alternatives to a gravel driveway include concrete, asphalt, brick, stone pavers, and permeable pavers. Concrete and asphalt are generally the most affordable options. However, concrete can be prone to cracking in cold climates, while asphalt may soften in areas with high heat and direct sun exposure. For enhanced curb appeal, brick, stone, and permeable pavers are popular choices, though their installation can be more expensive due to intricate designs. Stone pavers offer a natural look and are sometimes installed with gravel around them. Both permeable pavers and brick driveways provide excellent drainage, which helps prevent flooding and reduce water runoff.