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Yes, asphalt is less expensive than concrete. Asphalt prices range between $7 and $15 per square foot, whereas concrete costs $3 to $18 per square foot. When considering asphalt versus concrete driveways, you’ll want to weigh more than just the costs. While concrete costs more, it costs less to maintain. On the other hand, asphalt has the advantages of a quick installation and shorter drying time.

Even with regular maintenance, most driveways don’t last much longer than 30 years. Alligator cracking is a clear warning sign that your driveway’s foundation is failing, and cracks that are deep and wide can let water in, causing more damage. Standing water is another red flag. If your driveway doesn’t drain properly, it’s going to degrade slowly. Finally, if you’re seeing dips or uneven patches, that’s a sign the base layer or soil is shifting. If these issues pop up, it’s time to replace your driveway.

Asphalt driveway repairs cost an average of $2,500 if you hire a professional. Prices can range from $100 to $1,500, depending on the extent of the damage and the type of repair. Filling cracks on your own will cost around $100 to $400, but sealing your driveway costs around $470 extra, so be prepared for additional costs.

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.