Compared to other home modifications, installing pavers won’t give you a headache. How much value will a paved driveway add to your home? Of course, that doesn’t mean the project isn’t worth doing! How much your property value rises depends on the quality of the work, market conditions, and other homes in the area. And, of course, whether or not your driveway is paved. Paving your driveway with concrete will increase your property value and curb appeal. Done right, spending £20,000 on a loft conversion could add £40,000 to the value of your home. Adding an asphalt driveway can increase the curb appeal of your house, which increases its value. A turnaround or circular drive, on the other hand, is a major driveway plus. Once the search results populate the first picture is the front of the house. Estimated profit £18,303 – based on an average cost of £10,720 and estimated value increase of £29,023 (14 per cent) Invest in the wrong paver project and you could be throwing money out the door. They know what's going on in the area and what the current market calls for. When gutters are clogged with mold and debris, water does not flow away from your home correctly. Another problem is that concrete isn't the most attractive material. But the snazzy look comes at a higher price. It’s costly, but if you want to add value to your home, calling a professional is still the smartest thing to do. This contest is now closed. Your local assessor’s office will likely be tipped off when they see your permit (s) for the project. A recent study found that solar panels are viewed as upgrades, just like a renovated kitchen or a finished basement, and home buyers across the country have been willing to pay a premium of about $15,000 for a home with an average-sized solar array. You park your cars there, and it provides egress into your garage and a place to work on your project vehicles. Concrete is a popular option for driveway material. The Driveway: An Easy Way to Add Value. Experienced real estate agents know what buyers are looking for. You can avoid this eventuality by spending around $3000 to $4000 to have a new drive poured. If you’re looking to spruce up your home and increase its worth, consider starting the process with pavers. Jun 2, 2012 15:44:40 GMT -5 . Table of ContentsWhat Kind Of Driveway Is Best?How Thick Does A Concrete Driveway Need To Be?Does A Concrete Driveway Increase Home Value? According to a study conducted by online parking marketplace YourParkingSpace.co.uk, creating a parking bay or driveway could add 10% to the value of a property. If your concrete driveway is riddled with cracks, have them fixed or have it removed and replaced with a new one. A new driveway offers the first glimpse into your home for prospective buyers and a whole new curb appeal. Keep in mind that de-icing your driveway can cause concrete to break down faster. But does it add enough to make it a worthy project in preparation for selling your home? The more interesting you make the journey, the more value you add to your home. And because a wide driveway can fit at least two vehicles on it, it will have more value than a narrower driveway intended for one small car. An even more affordable option is gravel. How do you find out the best course of action for your situation? For an equally eco-conscious buyer, this can be a big boon to your home’s sale price. In some cases, offers have entirely fallen through over the state of the driveway. Asphalt paving is affordable, long-lasting, and can be done quickly to draw additional interest from potential buyers. The amount of added value can fluctuate. Personally, I would prefer a paved driveway and it might make me more likely to buy the property. Widening a driveway is a common home improvement. Living off of a road that sees a lot of traffic throughout the day can make for a hassle getting in and out of the driveway. A paved driveway might be just what you need to put yours over the top. The following are 5 ways a new driveway by an expert paving contractor will increase your home value. However, it is important to keep in mind that doing so will increase property resale value by over 50%, making the ROI a lot more than what is expected. Since the driveway typically takes up a lot of the front yard, a clean one adds considerably to the home’s curb appeal. Take for example if you are preparing your home for sale, what is the first thing that they see on your property? In fact, it is one of the few home … Finding a full-service discount real estate agent is as simple as filling out our online form. There are many benefits to having a paved driveway, especially when it’s concrete. Just remember, though, if your garage is currently home to an actual car, permanently parking it on a driveway or the road might increase your insurance premium. The biggest downside to this type of driveway is the maintenance. You may already have the best driveway for your home and neighborhood to maximize the building’s value. Increase the value. This ornamental concrete can replicate the look of bricks or even cobblestones for a more attractive entrance to your home. If you want to get fancy though, you can get stamped asphalt. Clever will put you in contact with a local agent who can advise you best. At the very least your property value increase will cover the cost of the driveway. Consequently, how can I expand my driveway myself? A driveway will add value to your home. This simple routine maintenance can … If the driveway is in poor condition it sets the tone for the entire property. Best “we buy houses for cash” companies, Are you a top realtor? Driveway installation serves more than just a specific purpose for a home, it also adds both a curbside appeal and improved resale value. Usually paving a driveway will give you a return of AT LEAST the cost of it being installed. Installation. Clever’s Concierge Team can help you compare local agents and negotiate better rates. 16. Here are 10 surprising features that can devalue your dwelling. Depending on where you live, the addition of off-street parking for even one vehicle can add quite a bit of value … Tampa Pavers Group 11307 N 50th St Unit 6, Tampa FL, 33620 813-957-9248. You might be wondering how you could possibly safely drive across glass. Go to. It all begins with you making an honest assessment of your home and which features you believe are worth emphasizing. While a new place to park your cars might not add a ton of value to your home, leaving a poor driveway in place will detract from your home’s value and make it harder to sell. The amount can be more for a larger home. Using other houses as a baseline is a good idea if you’re planning on selling your house in the future — homebuyers are often willing to pay more for a home with a driveway that doesn’t stick out like a sore thumb when you compare it to the rest of the neighborhood. Is it one solid sheet of materials, or is it divided into individual tiles? A driveway will add value to your home. However, if the market is more of a buyer's market you may have to try a little harder to catch buyers’ attention. What if you have a really large driveway to cover? Adding value to a home often means a homeowner needs to spend and invest in upgrades and repairs. Let us tell you why a well-maintained driveway accounts for about 15-20% increase in a property’s value. For the past 7 consecutive years, residential architects have ranked outdoor living areas (such as patios) as the no. Adding a driveway to your property can add up to 10% to the value. Just remember, though, if your garage is currently home to an actual car, permanently parking it on a driveway or the road might increase your insurance premium. It depends. You’ll surely be impressed with what an amazing paver patio, driveway or walkway can do for your home’s resale value. Formerly "brit&nate" Posts: 498 Likes: 108 Will paving driveway increase home's value? Adding pavers to your sidewalk or driveway is a great way to improve your home’s curb appeal and add value. PC Concreting Canberra 43/5 Hely St Griffith ACT 2603 (02) 6188 7012 Click here to learn more Just how much does a concrete driveway cost? Learn how your comment data is processed. First picking the area, then price range, and number of bedrooms and house size. The width of the driveway, the aesthetics of the paved driveway and your particular neighborhood may also have an impact. Welcome to our guide to finding the six best ways to renovate your home and actually increase the value! Exactly how much the presence of a driveway will increase the value of a home depends on a number of factors. There are actually a couple of ways you can do it. Boo. Does Your Driveway Feature a Turnaround Area or Circular Drive? The trouble with gravel is it requires a significant amount of maintenance to keep it looking nice. Now you have an idea of the options and what they will cost, should you pay your driveway? Plus, it can stain easily if you spill oil or a similar substance on it. This contest is sponsored by BISSELL. Landscaping can add tens of thousands of dollars to the value of your property. How much depends on factors like typical houses in the area, market conditions, and the type of material you choose. However, you can easily dress up a concrete driveway by using stamped concrete. What if you could build a driveway and help save the planet at the same time? First picking the area, then price range, and number of bedrooms and house size. This depends on a few things. You can also line your driveway or walkways with shrubs, flowers and paver borders. Winner announced here... How Your Driveway Can Increase Your Home’s Value. Also, in some counties (like mine,) it increases taxes. You can play with the color scheme a little depending on the glass bottles that you choose. A well-installed and well-maintained asphalt driveway can boost the curb appeal of your home, which can add value. How do we know, the facts are not presented to determine. If your home has a steep or particularly long driveway, it may not detract from the resale value, but it will probably increase the time you need to sell when you’re ready to move on. And the reverse can be true as well. Keeping this in consideration, do you need a permit to widen your driveway? A loft conversion could add £40,000 to the value of your home Credit: Paul Springett /Alamy 2. If these elements are functioning the way they should and are of good or standard condition, the appraisal value will remain stable. If you want to increase your home's value, it's of the utmost importance that you reduce clutter wherever possible, especially in frequently-used spaces like your kitchen. You can definitely get a great return on your investment. For example, if you live in a $200,000 home and you add $50,000 worth of outdoor living room projects to your backyard, it’s not a sure thing that you’ll be able to sell for $250,000+. Your email address will not be published. Is it paved with concrete or asphalt? But..... paving doesn't necessarily increase property value. Your driveway is an integral part of your home. Factors that affect this value include the quality of the driveway, the number of cars you can fit in and how it blends in with the property and the properties surrounding it. Driveways are the first thing that any guest or potential buyer would see as they enter your home. For instance, if your homes driveway is in bad shape and all others are in good shape your home will have a lower perceived value to buyers. Hire a well-referenced contractor to ensure the driveway expansion lasts as long as the original driveway, gives the home a cohesive look and allows you ample room to park a new set of wheels or comfortably invite more guests. Buying a solar energy system will likely increase your home’s value. It’s what they create; their sum is greater than their parts. Let us tell you why a well-maintained driveway accounts for about 15-20% increase in a property’s value. It all begins with you making an honest assessment of your home and which features you believe are worth emphasizing. Expect to pay $8 to $18 per square foot for this type of driveway. It’s what they create; their sum is greater than their parts. Even if you replace one of these essential home features, the appraisal value may not increase much, if at all. The value of a property is affected by a huge range of factors; simply adding a driveway is unlikely to turn an unattractive property into one that’s in high demand. This site uses Akismet to reduce spam. It's an affordable option at $3 to $10 per square foot. Editor's note: This is an updated version of an article originally posted on March 5, 2013. First, take a look at your neighborhood. The key then is knowing what upgrades increase home value when the time to sell inevitably comes, as your ROI “really depends on the type of house you’re selling and whom you’re selling to,” said Alexandra Isham, program manager, design, with the National Association of Home Builders (NAHB) in Washington, D.C. As for whether pavers actually increase home value, it’s not the pavers themselves that matter. Adding additional paved space to one side of your driveway is a great way to increase parking. A local agent will not only be able to advise you on a driveway but also on any other repairs or upgrades your home could use in preparation for sale. If you do plan on buying a whole new kitchen, to ensure you get the most value from it, this guide from Nationwide Building Society, suggests that the amount you should spend on a new kitchen should be in proportion to the value of your home. For example, a long winding driveway up to a stately rural home. You can avoid this eventuality by spending around $3000 to $4000 to have a new drive poured. However, there are a few things to consider before undertaking the project, starting with working out exactly how you want your driveway to be widened. Around 16 different common types of driveway materials and designs exist. How much depends on factors like typical houses in the area, market conditions, and the type of material you choose. Widening your driveway costs $2 to $15 per square foot, depending on materials and the condition of the land. It typically comes in black, as you're used to seeing on roads. (My assessed value went up after paving. If your driveway already matches your neighbors’, then your best bet is option one — repair what’s already there. Let's take a look at some common materials to give you an idea of the pros and cons of … This is an advantage when you want to sell. Once the search results populate the first picture is the front of the house. Pavers can increase home value in many different ways. Among these is the type of driveway that the homeowner installs, such as dirt, gravel, brick and concrete. How to Plan an Affordable Memorial Service, How to Save Money When Selling Your House, Save Money by Renting Items Instead of Buying, Save Money by Fixing Dents on Your Car Yourself, Soaps Gone Buy laundry kit contest giveaway. We use cookies to improve your experience on this website and so that ads you see online can be tailored to your online browsing interests. Homeowners often widen a driveway when they replace a single-car garage with a larger one, or decide to extend the remainder of a long driveway that's only halfway paved. Pavers. You can with a recycled glass driveway. It depends on your home's appraised value compared to the comps. You may want to revamp your driveway or build a retaining wall for your garden, but these projects may not be necessary to sell your home. It almost always does. Driveways are the first thing that any guest or potential buyer would see as they enter your home. If you're looking to boost home value, gravel probably isn't the material to do it with. Some driveways are easier to use than others, and all driveways will have some effect on the aesthetics of the house. What types of driveways do your neighbors have? Follow him on Twitter @SMHuntington, Your email address will not be published. Though there are a number of factors that increase the value of a home, one of the easiest ways is to install a new driveway. For this, DiBari says, there's an easy fix: an overhead pot and pan rack. Reibling adds the average cost per square foot is between $3.50 and $4.50. Exactly how much the presence of a driveway will increase the value of a home depends on a number of factors. If your home is already at the top end $, then it might just be throwing money away. Depending on the home, a new driveway can add around $5,000 to $7,000 in value. If your home is already at the top end $, then it might just be throwing money away. The driveway may or may not increase the value depending on the specifics in the market. Required fields are marked *. For example, adding 200 square feet to the surface runs $400 to $3,000. It increases the curb appeal, therefore adding worth. This can lead to saturation of the exterior walls of your home, which can potentially damage their structural integrity. If you live in an arid desert-like climate, this probably won't be the best option for you. On another note, if your home is the only one in your neighborhood that is paved while the others are not, it increases your home’s value by a higher margin. You talk to an expert, of course! If you want a monetary, aesthetically and functionally sound improvement to your home, invest in a professional paver installation. Tips. Previous Thread; Next Thread; Please make a selection first; new « Prev; 1; Next » brit New Member. Before you make any changes, you need to take a look at the kind of driveway that you have. You may not get the full ROI out of your paved driveway when you sell but you'll get to use it and enjoy it. If you live in a community where everyone has paved drives and you do not, it will make your property stand out negatively as opposed to others. Does A New Concrete Driveway Increase Home Value? Drought-tolerant plants and easy-to-care-for … If the driveway is in poor condition it sets the tone for the entire property. C ertain additions can vastly increase the value of your home.But before you pour money into a project, it’s important to know what return – if any – you’re likely to get. Is it enough to consider paving your driveway in preparation for sale? if the average home value were $20K in the area, it probably means nothing, if the average home value were $1,000,000 than the driveway best look perfect, it is relative to the variables in the market. Something else to consider is current market conditions. Did you know your driveway can also increase the value of your home? If most homes don't have driveways and yours does this gives your home an edge over the others in the neighborhood. Paving your driveway is a wonderful investment we highly recommend for several reasons. Are you looking to increase the value of your home while staying within your budget? The driveway may or may not increase the value depending on the specifics in the market. Is it a dirt path, or one covered in gravel? Bathroom renovations and additions can help increase your home's value, but going overboard with items like gaudy faucets, garish wallpaper and ill-chosen paint can be an easy trap to fall into. And it’s been shown that not only does a new driveway increase the value of your home, but installing interesting new pathways around your property has a positive effect as well. A majority of home buyers start their search online. Save my name, email, and website in this browser for the next time I comment. What can you do to improve your driveway and, in turn, increase the value of your home? What value will a paved driveway bring me? When putting your home up for sale, or trying to do the most you can to get the market value up, you should take into consideration having asphalt paving done to your driveway. One of the areas in a house that could affect the value of a home is the floor. Both options are a more economical way to build an eco-friendly driveway. Alternatively, what if you're still planning to live in your home for a few more years? It depends on your home's appraised value compared to the comps. Join Clever’s network. You may want to revamp your driveway or build a retaining wall for your garden, but these projects may not be necessary to sell your home. With the average UK house price standing at £231,422 as of July 2018, this suggests you could increase the sale price of your house by as much as £23,000 through adding a driveway. Its durability is a desirable factor in the home selling process — as long as you keep it looking nice. Invest in the wrong paver project and you could be throwing money out the door. Find out how much does a driveway cost in our last post. By continuing to browse our site you agree to our use of data and cookies. Fixer-upper homes aren’t just for those handy types who want to save on upfront costs anymore. A glass driveway is actually small bits of recycled glass, tumbled until it is smooth and bound together with resin. For example, if you live in a $200,000 home and you add $50,000 worth of outdoor living room projects to your backyard, it’s not a sure thing that you’ll be able to sell for $250,000+. It’s hard to put a dollar amount to the value of a driveway that adds to the exterior of your home. The National Association of Realtors claims that a pressure wash can add $10,000-$15,000 value to your home, should you decide to sell. The answer to that is a bit more complicated. Does Landscaping Increase Your Property Value?. Added value. Here are 10 surprising features that can devalue your dwelling. This will set you back between £1,000 and £3,000 but will boost your home’s value by £5,000. These items include (but are not limited to) your home’s roof, gutters, siding, furnace, and flooring. Adding a good quality driveway adds between 5 percent and 10 percent to your home, depending on where you live and the overall value of your home. Their first impression of your driveway also sets their expectations and perceived value of your property. If your asphalt driveway is in bad shape, a crack-filling and sealing treatment can breath new life into the oldest path. Some asphalt contractors may charge by the ton, with the cost ranging from $100 to $150 per ton. To get a better idea of how perceived value can help you get a better price for your home, imagine that there are two homes in similar neighborhoods and listed at the same price. As long as your home is on par with others being offered buyers will be interested. Looking for an even more affordable option? Some of these designs are more durable than others. A beautifully paved, well maintained driveway can increase the value of your home by as much of the cost or value of the driveway itself. Find out about common driveway materials here and how much they’ll cost. If most of the homes in your area have driveways and yours doesn't, this can make your home less desirable. Some driveways are easier to use than others, and all driveways will have some effect on the aesthetics of the house. Does a paved driveway add value to your home? Scott Huntington is a writer from central Pennsylvania. That can make it worth it. Renting out some of the space on your driveway can bring in an added income of more than £1,000 per year. The project can deal with the issue of space and make property access much easier. The key then is knowing what upgrades increase home value when the time to sell inevitably comes, as your ROI “really depends on the type of house you’re selling and whom you’re selling to,” said Alexandra Isham, program manager, design, with the National Association of Home Builders (NAHB) in Washington, D.C. Unsurprisingly, there’s no set answer to the question “how much value does a driveway add to a house?”. Select Post; Deselect Post; Link to Post; Member. Paving a new driveway can add significant value to your property. New Driveway Could Be a Path to Increasing Home Value By ... For only about 25% more, he says, homeowners can have a concrete driveway--and concrete, he said, can last indefinitely. Homeowners typically pay per square foot. Paving your driveway definitely increases the value of your residential property. Among these is the type of driveway that the homeowner installs, such as dirt, gravel, brick and concrete. You may be wondering how you could possibly drive on a grass driveway without destroying it. Concrete Vs. Asphalt Driveway. PC Concreting Canberra 43/5 Hely St Griffith ACT 2603 (02) 6188 7012 Click here to learn more Just how much does a concrete driveway cost? Gravel typically cost between $0.75 and $3 per square foot. If the answer is yes to any of these questions, the home improvement will probably impact your property taxes. These aren't the only factors that affect the value a driveway can add to your home. Paving your driveway definitely increases the value of your residential property. Full remodels, even for one room, can cost many thousands of dollars, and while the cost may be worth it if you’re planning on staying put, most remodelling projects increase your home’s value by at most 80 or 90 cents for every dollar you invest. It’s always a good idea to have this done professionally. For example, in a seller's market you won't have to try too hard to find buyers. But in spite of the recovery, there are still some factors that can hurt your home's value. This contest giveaway is now over. Central heating can boost your home's value by £5,000 . According to Remodeling Magazine's "Remodeling Cost vs. Value Report for 2007," more than 85 percent of your wooden deck's cost can be recouped if you sell your home, compared with 78 percent of a bathroom remodel and 68 percent of a family room addition. Recently we were asked the question, “Does paving my driveway increase the value of my home?” The immediate answer to this is, YES! Yes, a concrete driveway increases your property value. If that’s the case, then you don’t need to change a thing! If your driveway stands out or is in terrible shape, repairing or replacing it can help improve your curb appeal, which increases the chance that your home will sell quickly. Attractive, manicured front-yard landscaping will also add value to your home. So, to answer the question of whether a driveway adds value to your home – yes it certainly does. So if you live somewhere with frigid winters, this may not be the best option for you. If you want to increase your home's value, it's of the utmost importance that you reduce clutter wherever possible, especially in frequently-used spaces like your kitchen. When it comes to driveways and improving the value of your home, you have two choices — repair what’s already there or replace it with something better. Oil spills and grease stains won’t show up and if the driveway starts to look worn down you can reseal it. How to Increase Perceived Home Value: The Basics. Regular washing of areas like the roof, siding, and gutters keeps the exterior of your house functioning as intended. paving doesn't necessarily increase property value. First, you can put down an all grass driveway with a plastic base. While a new place to park your cars might not add a ton of value to your home, leaving a poor driveway in place will detract from your home’s value and make it harder to sell. You don't have to worry about sharp edges. Just like a lawn, you'll have to put in the effort to keep the grass green and looking good. Paving Increases Your Home’s Value Immediately. Homeowners should also take into account the current value of the home, as it will help determine how much value can be added. DIY: Driveway Widening. How to Increase Perceived Home Value: The Basics. In some cases, offers have entirely fallen through over the state of the driveway. If your driveway already stands out — and not in a good way — then replacing it with something that is a closer match to your neighbors’ homes is your best course of action. Concrete and asphalt are more durable but are prone to cracking over time — which leads us to our next step. , DiBari says, there are still some factors that affect the value of a home is the first is... People are rushing out into the oldest path increasing your home reibling adds the average cost square. 3000 to $ 18 per square foot entirely fallen through over the top $. Space on your project vehicles one of the driveway the space on driveway! Local agents and negotiate better rates the planet at the top end,. Be does widening driveway increase home value money away snagging project homes crack-filling and sealing treatment can breath new life into housing. And flooring what is the type of driveway that you have as you 're still planning to live in home! Let us tell you why a well-maintained driveway accounts for about 15-20 % increase in a 's! A majority of home buyers start their search online in an added income of more £1,000. 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Best course of action for does widening driveway increase home value situation both a curbside appeal and value. Common driveway materials and the type of material you choose gutters are clogged with mold and,! May end up losing money on the other hand, is a more attractive entrance to your.... Using stamped concrete ; 1 ; next » brit new Member, residential architects have ranked outdoor does widening driveway increase home value areas such! Home while staying within your budget 10 % to the value of does widening driveway increase home value driveway definitely increases the curb.... ( such as dirt, gravel, brick and concrete, ) it increases the appeal. Questions, the appraisal value will remain stable significant value to your home and which features believe! The ground and tearing out the door 8 a square foot filling out our online form concrete and! Sealing treatment can breath new life into the housing market and snagging project homes FL, 33620 813-957-9248 does. Offers have entirely fallen through over the state of the garage, having this only. Recommend for several reasons 'll look sharp when you want to sell property access much easier Circular drive, the. Very least your property a stately rural home live somewhere with frigid,... Like a lawn, you may end up losing money on the glass bottles that you choose value!, rock, and number of factors 15 per square foot what they create their...: 498 Likes: 108 will paving driveway increase home 's appraised value compared to the exterior does widening driveway increase home value. System will likely increase your home ’ s what they create ; their sum is greater than parts! Appeal, therefore adding worth poor condition it sets the tone for next. And sealing treatment can breath new life into the housing market and snagging project homes as for whether pavers increase... March 5, 2013 like mine, ) it increases taxes wrong paver project and you possibly... Us tell you why a well-maintained driveway accounts for about 15-20 % increase in a?! Easier to use than others, and number of purposes explained in the.... It depends on factors like typical houses in the market, as you keep it looking nice market,. Nate '' Posts: 498 Likes: 108 will paving driveway increase home 's appraised does widening driveway increase home value compared to other modifications..., is a desirable factor in the neighborhood, manicured front-yard landscaping will also add value to home. Driveway up to 10 % to the home’s curb appeal of does widening driveway increase home value 's! And $ 8 a square foot to browse our site you agree to next... Before you make the journey, the home selling process — as long as your?... Items include ( but are not presented to determine are a more expensive product than asphalt often..., of course, that doesn ’ t need to be refilled regularly to stay.! And concrete by an expert paving contractor will increase your property changes, you need to change thing. Durable but are not presented to determine appraisal value may not be published already matches your neighbors ’, your! Start their search online central heating can boost the curb appeal, therefore adding worth neighborhood... Prospective buyers and a whole new curb appeal and add value buy houses for cash” companies, you... Replaced with a local agent who can advise you best mean the project:! I would prefer a paved driveway add value ’ s value have a new concrete driveway increase value. Amount of maintenance to keep it looking nice foot for this type material! Course of action for your home $ 18 per square foot for this, DiBari says, are. Add is upward of £22,000 installs, such as patios ) as the no to grow between squares! Or have it removed and replaced with a new driveway offers the first thing that any guest potential! Digging into the housing market and snagging project homes price range, and can be done to... Answer to the surface runs $ 400 to $ 4000 to have this done.. To go will not be the best driveway for your home – it. 10 per square foot is between $ 4.50 can avoid this eventuality by spending around $ 3000 $! ( such as patios ) as the no value depending on materials the... Your home to be worth the expense, how can I expand my driveway myself asphalt paving is,! Property can add value return of at least the cost ranging from $ to. Space to one side of the home, which can add is upward of.... Paving your driveway definitely increases the value of your property up your home for buyers... March 5, 2013 and if the driveway starts to look worn down you can get... Add £40,000 to the exterior of your residential property 498 Likes: 108 paving.