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You can expect your asphalt pavement to last anywhere from 20 to 30 years, or 25 years on average. The life expectancy of your asphalt driveway depends on the climate, the amount of traffic, and how well you maintain it. While you can’t necessarily control some of these factors, you can control the amount of maintenance effort you put into your driveway. 

To prevent your asphalt from deteriorating prematurely, you should follow a good maintenance routine involving regular cleaning, reparation work, and resealing.

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.

An asphalt driveway should be at least 3 inches thick over a compacted gravel base. Areas with poor drainage should have a thicker stone base. To install a new asphalt driveway over an existing driveway, the new asphalt should be at least 2 inches thick and the existing driveway should be in relatively good condition.

Paver driveways are durable and aesthetically pleasing, but they do have a few cons. For instance, paver driveways are often more expensive than asphalt and concrete driveways. They also make it easier for weeds to grow where the separate pavers meet up. They may also be more likely to settle over time.