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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.

Overall, a paver driveway is considered the easiest to maintain because homeowners are able to do driveway repair one piece at a time without impacting the rest of the driveway. Unlike paved options, paver driveways contain individual stones that aren't physically connected. By comparison, you may need to reseal or redo a full asphalt driveway if just one portion sustains a significant crack.

Asphalt is not a type of concrete. While both are a common type of pavement, asphalt is composed of aggregates (like sand and gravel) and bitumen; concrete is a mixture of cement, aggregates, and water. Here are some of the key differences between asphalt and concrete driveways.

Several materials are suitable for steep driveways. Gravel and crushed stone are affordable options that provide good traction. Permeable pavers—such as plastic, rubber, or concrete—filled with gravel or crushed stones are also excellent, as they allow water to drain without causing erosion and perform well in ice and snow. Another option is resin, which can be coated with an anti-slip finish and helps prevent puddles. For added stability, you can install a retaining wall to prevent pavers and gravel from shifting over time.