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Will a New Driveway Increase My Home’s Value?

Peterson Bros. Construction, Inc. • June 23, 2021
Client House - Waianae, HI - Peterson Bros Construction

If you want to sell your house in the near future and are considering upgrading the property before listing, getting a beautiful driveway will make a significant difference in the asking price. A new installation will increase your property’s overall value. Here's why working with a professional asphalt contractor will make your driveway a financially worthy investment.

How Your Home’s Value Benefits From a New Driveway

What's Curb Appeal?

Curb appeal is the descriptor used for a home’s overall exterior appearance. A new driveway installed by an experienced and licensed asphalt contractor will help create an appealing aesthetic. A clean, durable, and crack-free surface will draw potential buyers.

Road Paving - Waianae, HI - Peterson Bros Construction

What’s the Potential Return on Investment?

By some estimates, a newly installed driveway can add between $5,000 to $7,000 to your home’s value. The number may be significantly higher for bigger houses with grander driveways. The money spent on the new installation can be added to the listing price so that you can recoup your purchase and make a profit.

Why Should I Use Asphalt?

Asphalt is extremely durable, and it can last decades with periodic sealing. Additionally, the material's seamless, smooth appearance complements several house designs, so it'll seamlessly match your existing exterior. As an added benefit, asphalt is budget-friendly, so you can spend your money on other updates before selling your house.

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