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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.

The driveway apron is a technical term referring to where a private driveway meets the public street. If there is a sidewalk in front of the house, the driveway apron is typically on the opposite side of the public sidewalk from the driveway itself.

If you’re looking for a similar, eco-friendly driveway material, you might consider one of these options:

• Permeable pavement: This material is sometimes called “pervious” or “porous” pavement; it allows stormwater to drain into the subbase, eliminating storm drain costs. 

• Gravel: Consider paving your driveway with locally sourced gravel. By sourcing from a nearby source, your money won’t fund international shipping and will be invested back into your local community.

• Natural stone pavers: Because natural stone pavers are made from organically-produced stone, there’s no new manufacturing required, limiting the environmental impact. In addition, water easily flows and drains through the gaps in the pavers.

Chip seal layers gravel and a liquid bitumen one at a time on-site, while asphalt directly pours a pre-combined mixture. Asphalt must be sealed, but it will last up to four times as long as chip seal driveways. Aesthetically, chip seal has a natural, rustic look compared to the traditional asphalt slab.