The amount of added value can fluctuate. “[Pavers are] more of a nice-to-have than a must-have to get maximum value,” says Anthony Navarro, a real estate agent in San Francisco who performs in the top 1% of realtors internationally.. For example, San Francisco is a competitive market, so buyers are more willing to … References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. 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. And who doesn’t want to do that! 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. And is it a better investment than other improvements? Asphalt driveways can last you 20-25 years if properly installed and maintained – a great investment. 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. Another option for making a driveway more appealing is by starting off wider at the street and gradually narrowing the driveway as it gets closer to the house and garage. 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. Also, the versatility of paving materials allows you to pursue different designs to increase curb appeal. Let us tell you why a well-maintained driveway accounts for about 15-20% increase in a property’s value. by rzlltd December 18, 2019 Leave a comment According to recent government figures , 3.3 million vehicles were registered for the first time in Great Britain during 2016, that is the highest annual total ever recorded. **Update** Are you saying the home you’re buying is one of the homes in the photo, or is your home behind the homes in the photo, that you can only access through the driveway? If you’re ready to sell your house and want some simple ways to maximise the sale price, read our guide on how to add value to your home on a budget. While a straight 12x50 driveway from the road to the garage is fine, curves and angles offer a more interesting approach. However, drawing on a variety of research and expert opinions can at least give us a good idea of the benefits of adding a driveway. In a poll of industry experts, the consensus opinion was that having a newly paved asphalt driveway could add as much as 10% to the value of any home. Some are cheaper to install, but may require more maintenance in future, Size – unsurprisingly, size will also affect the final price, with larger driveways requiring more materials and additional labour costs, Add properties to your list of favourites, Save your searches and revisit them anytime, Rate properties to enhance the service you receive, Set up requests for other services easily. You can avoid this eventuality by spending around $3000 to $4000 to have a new drive poured. Potential Value Added: 30%. 33 Glendale Milford Road Loveland, OH 45140. …you should invest in a paved driveway. Correct at time of publication (20th November 2018). The best ways to add value to your home IT DOESN’T cost much to add thousands to the value of your property. How Much Value Will A Paved Driveway Add To My Property? 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