Throughout just one year, Americans collectively spend around 70 billion hours on the road. That’s why a driveway is an essential part of most American homes.
Driveways also see a lot of wear and tear over the years that homeowners commute. To keep up the value of the home, driveways require maintenance. Thankfully, it’s not frequent maintenance. Concrete driveways can last decades, and asphalt has about half of that lifespan.
The cost to pave a driveway is not cheap, but it is affordable if you save up over time. Keep reading to find out more.
Average Cost to Pave a Driveway
It’s difficult to give a solid figure on the average cost to pave a driveway because there are many factors that affect the cost. The range is anywhere between about $3,000 to $7,000.
One factor of this cost is the type of material used for the driveway. Concrete usually lasts twice as long as asphalt, but it is also more expensive. It costs between $4 to $15 per square foot compared to the $1 to $5 for asphalt. The higher end of the concrete spectrum represents stamped or stained concrete, which is more aesthetically pleasing.
Another cost factor is the amount of space to be paved. Homeowners with long driveways will see the cost of their project on the higher end of the average. However, don’t forget that a nice driveway will boost the home’s resale value.
Asphalt vs. Concrete
Asphalt and concrete driveways have their own benefits and shortcomings that make the choice between them difficult. Concrete is more expensive but lasts longer. Asphalt needs more maintenance but is easier to repair. In the end, it often comes down to an aesthetic choice.
Consulting a professional paving company is a good way to decide. They know how the climate in your specific region will affect the material you choose and can offer the best advice.
Identifying When It’s Time to Pave
The signs that you need a new driveway are generally obvious. For example, some homeowners may try to use a quick fix to fill cracks and holes, but these often only last a few seasons. The cracks will eventually spread throughout the material because the crackas allow water in that further damages the driveway.
This phenomenon is known as “alligatoring,” although not all alligatoring necessarily requires a full repaving job. If the cracks aren’t affecting drainage, it may be possible to simply reseal the driveway.
Other signs include sinking, potholes, and crumbling.
More Savvy Homeowner Guides
The cost to pave a driveway is significant, which is why it’s so important to hire a professional paving company to do the job. Make sure to get a few quotes before deciding on a contractor. Don’t forget to check their business license and read as many reviews as you can.
For more savvy homeowner guides, take a moment to browse our relevant articles.