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Gravel driveways are significantly more affordable than asphalt driveways, making them an enticing financial decision when choosing your next driveway material. On average, gravel driveways are $5.75 to $13 per square foot cheaper than asphalt driveways. 

It's not just their price that makes gravel driveways more economical. Gravel driveways also can last up to 100 years with minimum maintenance, whereas asphalt driveways only last for 15 to 30 years with proper maintenance. But if you’re looking for the best driveway material for cold weather, asphalt may be a better choice.

Yes, repaving a driveway increases a home’s value, but the extent to which it increases depends on the materials, design, and overall market conditions in your area. Additionally, if your existing driveway is already in good condition, then repaving it won’t yield as much of a value increase as it would if your existing driveway is in poor condition.

Concrete is typically the best material for a driveway if you’re looking for longevity, cost-effectiveness, and ease of maintenance. But, it’s not ideal for areas with annual freeze-frost cycles, nor is it the most attractive option—although you can get it stamped or painted. If your location is consistently below freezing, asphalt may be a better choice.

You can expect your asphalt pavement to last anywhere from 20 to 30 years, or 25 years on average. The life expectancy of your asphalt driveway depends on the climate, the amount of traffic, and how well you maintain it. While you can’t necessarily control some of these factors, you can control the amount of maintenance effort you put into your driveway. 

To prevent your asphalt from deteriorating prematurely, you should follow a good maintenance routine involving regular cleaning, reparation work, and resealing.