How A New Concrete Driveway Can Increase Your Home Value

​The key to getting the most value in home improvement projects is knowing where to spend your money. Not every improvement or repair you make will increase the value. For example, if you replace you old worn out roof, this would be a positive investment but may not drive up the selling price of your home as home buyers expect a sturdy roof to cover their heads.

Your home's first impression starts with it driveway as it is what connects visitors from the street to your front door. Upgrading the curb appeal of your home general benefits is marketability. It's important to view your home in perspective of the entire neighborhood. Upgrades should be proportional to the home and neighborhood, so that it's not odd or stands out in a negative way. The most expensive house on the block if often dismissed by potential buyers. 

In addition to increasing curb appeal, a new concrete driveway may increase your home value by preventing storm runoff and driveway erosion. Remember, a driveway is only as good as it's foundation, so a professional installer should be hired to complete the project.

A concrete driveway does have some additional benefits for home owners. The upkeep for a well installed driveway will require less regular maintenance. They do not require regular resealing like that of asphalt or addition of gravel for gravel drives. These driveways typically last longer, 30 plus years, as opposed to it's asphalt counterpart. There are also multiple colors of concrete that can be used in the installation to better coordinate with your home.

Home value can be a bit arbitrary, as appraisals can depend on recent comps and the current housing market environment. Do you research and make proper upgrades and maintenance to ensure your home retains the money you are putting in to it.

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