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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.

There’s no single best asphalt grade—it all comes down to where and how it’s used. Highways and heavy-traffic roads need something tough, like polymer-modified asphalt (PMA) or Stone Matrix Asphalt (SMA). Local roads and parking lots rely on the Performance Graded (PG) system, chosen based on climate. A PG 64-28 mix, for example, handles a broad temperature range while simpler, more cost-effective mixes are typically enough for residential driveways. The best grade of asphalt depends on traffic, weather, and your budget, which is why a professional’s input is always a smart move before making a decision.

Heated driveways cost an average of $12 to $25 per square foot. Depending on the size of your driveway, you may pay between $3,500 to $25,000 in total. Several factors can affect your bottom line, including material, labor, and system types. Investing in a heated driveway can save on snow removal costs because it will automatically melt the snow that falls on your driveway.

Compared to options like concrete, asphalt, and pavers, resin driveways are far more flexible. As a result, they are more durable against chipping and cracking. Their bonded surface allows them to withstand extreme cold and heat without succumbing to the warping or cracking caused by freeze-thaw cycles. In addition, resin driveways are easy to clean and maintain.