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Yes, a paved or repaved driveway can boost your home's value by increasing its curb appeal and the functionality of your outdoor space. A new driveway can add anywhere from $5,000 to $20,000 to a property's value. An old, crumbling driveway can be a red flag for potential buyers and inspectors.

The amount of value added depends on the materials used, the design, and local market conditions. Concrete is often cited as adding the most value due to its long lifespan, though asphalt may be more desirable in colder climates. The return on investment is greatest when replacing a driveway that is in poor condition; repaving a driveway that is already in good shape will not yield as significant an increase in value.

In most cases, you don’t need a permit to repave your driveway, although some exceptions exist. If you’re widening your driveway and plan on widening the apron as well, you’ll usually need a permit from the Department of Transportation in your area. This permit costs between $50 and $300 in most cases. Most municipalities will also require a certified and insured contractor do the work relating to the apron and curb cut. You can contact your building department or ask your paving company if you need a permit. Your driveway professional will usually pull the permit for you.

It takes recycled asphalt 48 hours to initially harden and up to 3 months to fully cure. It’s best to stay off of recycled asphalt for at least 48 hours, then you can walk or drive standard vehicles on it. Hold off on driving heavy trucks or equipment on it for at least 7 days. Allowing the surface to melt together and harden ensures that the surface stays durable and long-lasting. 

The best way to stop your pavers from sinking is to ensure you've properly compacted the base layers. Use your paver compactor and work over the base layer several times to create the hardest possible base. If the soil and sand of your base are compact, you’ll experience less shifting and sinking.