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This creates a risk for your driveway to fail after asphalt curing because it doesn't have a lasting bond with the surface. In order to get asphalt to perform as intended, it's necessary to prepare the dirt surface correctly first. The loose soil base under the new driveway must be compacted until it is stable enough to support the weight of the asphalt.

If your driveway is cracked, you can repave it with a process called asphalt overlay. Overlay is more cost-effective than a full replacement but is better suited for minor cracks and issues. If you have major cracks or other problems like water pooling, asphalt overlay isn’t your best bet. Plus, paving over a cracked driveway only extends the lifetime by about 10 years, whereas replacing it would start the clock over completely to give you up to 30 years.

Gravel is the least expensive driveway type, costing between $1 and $3 per square foot. That said, you’ll likely need to add new gravel filling once or twice a year which can add up in additional costs over time. In addition, be prepared to regularly rake the gravel into place to keep your gravel driveway looking its best.

Cobblestone is just one of many driveway materials. Other, more economical, albeit less elaborate options include concrete, asphalt, and gravel. 

If you want a material that most closely resembles cobblestone, your best option is bricks or pavers. Both cost anywhere from $10 to $50 per square foot and can be laid in all kinds of patterns. Depending on the type of paver you choose, you can also get a good bang for your buck by investing in durable natural stone.