Paving a new driveway can add significant value to your property. You can definitely get a great return on your investment. At the very least your property value increase will cover the cost of the driveway. ... Depending on the home, a new driveway can add around $5,000 to $7,000 in value.

How much value does a driveway add to your home?

You may be surprised to learn that a driveway does add value to your home. On estimate a driveway can increase your property's value by 5-10%. That is quite a bit for an area you do not really need to pay a lot to revamp.

Does concrete driveway add value to house?

Paving your driveway with concrete will increase your property value and curb appeal. There are many benefits to having a paved driveway, especially when it's concrete. ... And, of course, whether or not your driveway is paved. Yes, a concrete driveway increases your property value.