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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. 

On average, asphalt dries within 24 to 72 hours, meaning it’s solid enough for light traffic—walking and careful driving. Full curing—when asphalt reaches peak strength—can take anywhere from three months to a year. During that time, heavy loads and sharp objects can leave marks. Weather, asphalt mix, and thickness all affect how quickly it dries and cures. If you want your asphalt to last, treat it gently until it’s fully cured. For the best results, check with a professional asphalt contractor for their advice.

Gravel driveways are the most economical driveway material, followed pretty closely by asphalt and concrete. At about $1 to $3 per square foot, gravel is about a third of the cost of either of the more common alternatives. But, not everyone likes the look and feel of the material and may opt to pay more for something that looks better.

Driveway paving costs around $4,500 on average, but depending on many factors, you could pay anywhere from $2,500 to $6,600 or more. The size of your driveway will usually be the most significant factor, with more square footage increasing your costs. You can expect to pay between $2 and $15 per square foot for paving services. Some other factors that play a role include the following:

• Quality of the materials

• Contractor’s experience and expertise

• Site preparation and grading, if necessary

• Layout of your driveway