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Chip seal roads and driveways are slightly more expensive than gravel, but significantly more affordable than traditional asphalt. Chip seal works wonders when used as a top coat. Its lighter color is less heat-absorbant than black asphalt. It also renews your aging, deteriorating asphalt without having to spend on major repairs or redoing the entire driveway.

There are more pros than cons, but there are a few disadvantages to sealing your driveway to be aware of. Sealant can make the surface slippery, which can be a hazard, especially when the driveway gets wet. Look for sealants with abrasive additives to help counteract this. You’ll also need to remember to reapply your sealant every two years and budget for the expense that comes with it.

It is not recommended to seal brand-new asphalt immediately. You should wait at least three months after installation to allow the asphalt time to cure properly. Applying a seal coat too soon can trap the asphalt's oils and chemicals, preventing it from fully hardening. This can result in a weaker surface that is more susceptible to damage. After the three-month curing period, sealing the asphalt is beneficial as it can extend its lifespan by protecting it from water, UV rays, and other damaging elements.

When comparing installation costs, asphalt is often less expensive upfront than concrete. Asphalt prices typically range from $7 to $15 per square foot, while concrete can range from $3 to $18 per square foot. However, long-term costs should also be considered. Concrete driveways generally last longer (up to twice as long) and require less maintenance, which can make them more affordable over their lifespan. While asphalt has a lower installation cost and is easier to repair, it requires more frequent maintenance, such as sealing, which can add up over time. Therefore, while concrete is more expensive initially, its durability may offset the cost in the long run.