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If your current driveway is full of potholes, cracks, and inconsistencies, it's best to remove your old driveway and start from scratch. That being said, concrete resurfacing and asphalt resurfacing are cost-effective options if the underlying structure is still strong enough to support your vehicle but just needs an extra layer to prolong its life.

There are quite a few differences between concrete and asphalt. Concrete is more costly up front and more challenging to repair. Asphalt does better in cold climates and works well with radiant heat systems. Porous asphalt is also excellent for wet climates, as it allows the water to drain away. However, it does get unpleasantly hot in the summer and requires more maintenance than concrete.

There are many options when it comes to driveway materials, including concrete, asphalt, gravel, and pavers. The best type of driveway material depends on your personal preference, location, and budget. Concrete is one of the most durable driveway materials, making it a popular option for homes across the country. However, it does cost more than asphalt upfront. Still, asphalt repair costs can quickly add up, making it a less economical option in the long run. 

Whether you should resurface or replace your asphalt driveway heavily depends on its condition. If the foundation is solid and the damage is minor, resurfacing is your best bet because it’s more affordable and faster than replacing the driveway. But if your driveway has foundational problems and/or severe damage, like large, deep cracks and potholes, then it makes more sense to replace it.