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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.

Compared to a 10x20 concrete driveway costing between $800 and $3,000, a resin bound driveway of the same size costing $3,900 to $4,000 is the more expensive option. However, the cost still makes resin a cheaper option compared to a 10x20 paver driveway costing an average of $12,000.

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.

Pavers are a type of permeable hardscape that can be used for driveways, patios, walkways, and other landscaping features. Unlike poured concrete or asphalt, pavers typically have a layer of gravel underneath to prevent water runoff from damaging your property—though you can also lay pavers on grass. Because pavers are installed piece by piece, you can customize a one-of-a-kind hardscape that best suits your aesthetics, boosting your curb appeal along the way.