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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.

Driveway paving costs around $4,500 on average, but depending on many factors, you could pay anywhere from $2,500 to $6,600 or more. The size of your driveway will usually be the most significant factor, with more square footage increasing your costs. You can expect to pay between $2 and $15 per square foot for paving services. Some other factors that play a role include the following:

• Quality of the materials

• Contractor’s experience and expertise

• Site preparation and grading, if necessary

• Layout of 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.

If you're designing a new patio in an area with poor drainage, permeable pavers made from porous materials may help prevent water issues. Most permeable pavers feature a gravel-only aggregate base instead of a concrete base to allow water to flow through instead of getting trapped. While beneficial in some cases, permeable pavers come with higher initial costs and greater load-bearing limitations compared to traditional pavers.