How Getting a New Driveway Can Raise Your Property Value

July 26, 2018 9:58 pm Published by Leave your thoughts

Improving the curb appeal of your property is likely something that is always on your mind as a homeowner, and investing in a new concrete or asphalt driveway is one surefire way to do just that. No matter how many upgrades you make on the inside of your home, it is the outside of your home that greets potential buyers first, and as such should reflect the same effort for improvement. Here are just a few ways that driveway paving service in Lufkin, TX can help to elevate your property value, whether you plan on selling now or at a later time in the future.

Lasting first impressions

Even if the inside of your home is in pristine condition and is complete with upgrades and improvements that would be any potential homebuyer’s dream, if the outward appearance of your home leaves much to be desired, viewers might be put off. You don’t want a buyer’s mind to be swayed one way or the other before they even have the opportunity to view the entire house, and working with an asphalt contractor in Lufkin, TX to ensure that your driveway looks appealing with high-quality paving can help you start off on the right foot.

Counting the value

On average, a paved driveway can add anywhere between 5 and 10 percent to the value of your home, and depending on the neighborhood, that value might present itself in different ways. For example, if you live in a rural area where the majority of the surrounding homes have gravel driveways, your paved driveway could fetch you a substantially higher asking price because of the added convenience and nice appearance. Alternatively, if you live in a crowded urban neighborhood that offers minimal street parking, paving a portion of your property to give potential buyers additional parking spots might be just the thing that seals the final sale. Even if the actual dollar amount of your property doesn’t skyrocket right away, paving your driveway can attract more potential buyers than homes that do not have driveways, which can help lead to a quicker sale.

Keep in mind that you don’t have to be in the market to sell your home right away in order to add value to your property. A well-maintained asphalt driveway can last up to 30 years. This means that if you want to pave your driveway while you are still living in your home, you and your family will be able to enjoy the practicality and benefits now, and with regular maintenance it will still be in good shape for future homeowners years down the line.

If you are ready to invest in the future of your home, contact a concrete contractor in Lufkin, TX today. Brown’s Paving and Excavation has been installing both concrete and asphalt driveways since 1985, and we have a wide range of experience with driveway paving services for projects of all sizes and scopes. Whether you want to sell your home tomorrow or 20 years from now, make sure you give us a call so we can help raise the value of your property!

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