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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. 

A paved driveway adds $5,000 to $7,000 to the value of your home. That’s because it increases your curb appeal and the functionality of your outdoor space, which appeals to potential buyers.

Asphalt can get sticky in high temperatures and intense sunlight and is better for cooler or moderate climates, while concrete is more likely to crack in colder climates where water can seep into the slab and freeze. Asphalt requires more maintenance in terms of sealing, it has a slightly shorter lifespan, on average, and it’s a bit more expensive to install. Concrete will last longer with less maintenance, and it offers you more options for customization, including staining and stamped patterns. As such, a concrete driveway adds to home value more than an asphalt driveway in many cases.

Asphalt driveways last anywhere from 15 to 30 years, but if you don’t stay on top of repairs, you may find yourself spending extra to replace your driveway before its typical lifespan. Stay on top of repairing cracks and potholes by routinely inspecting your driveway once or twice a year. It’s a good idea to pressure wash your asphalt driveway at least once a year to keep it clean. Apply a sealer every one to five years, based on your climate.