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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.

Permeable paving is a good option for a lot of reasons. It can help prevent flooding, keeps harmful chemicals from polluting our water, and can divert water away from your home’s foundation. Plus, it can add a rustic aesthetic to your outdoor area, might prevent pests who breed in water, and may even qualify for tax rebates.

The most obvious disadvantage of permeable paving is that the cost is typically higher compared to non-permeable concrete, pavers, or asphalt methods. Also, the porous material can get clogged with dirt and debris, requiring cleaning and power washing more frequently than standard paving materials and methods. Although permeable paving is not ideal for highways, airports, and other surfaces supporting heavy traffic and machinery, it is suitable for regular residential driveways.

If your driveway is cracked, you can repave it with a process called asphalt overlay. Overlay is more cost-effective than a full replacement but is better suited for minor cracks and issues. If you have major cracks or other problems like water pooling, asphalt overlay isn’t your best bet. Plus, paving over a cracked driveway only extends the lifetime by about 10 years, whereas replacing it would start the clock over completely to give you up to 30 years.