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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.

Chip seal layers gravel and a liquid bitumen one at a time on-site, while asphalt directly pours a pre-combined mixture. Asphalt must be sealed, but it will last up to four times as long as chip seal driveways. Aesthetically, chip seal has a natural, rustic look compared to the traditional asphalt slab.

Generally speaking, tiles are for indoor use, while pavers are for outdoor use. The main difference between travertine tiles and pavers is their thickness. Tiles are around 1/2 inch thick, and pavers are 1 1/4 inches to 2 inches thick.

Pavers are more rugged and can handle different weather. The extra thickness on pavers also makes them ideal for high-traffic areas.

Professional installers often include a deep layer of crushed gravel under permeable pavers to allow more runoff to soak through into the soil below. Many installations will include multiple layers of gravel, with coarser aggregate at the base and finer aggregate that sits on top of that bottom layer. Above the gravel, you’ll often find coarse sand that helps reduce paver shifting over time. Some permeable paver designs include a water collection system set into the gravel layer to route runoff to a safe area for disposal.