Are you in the market to sell your home? Currently, in New England, the housing market is very favorable to sellers, which means you could have a lot of competition. With an overabundance of available homes and interested buyers, it is up to you to present your property in the best light. There are some things you can do for your home, from a residential driveway paving perspective, that can help its resale. Learn how a new driveway can increase your home's resale value and give you the best return on investment.
How a New Driveway Improves Resale
Your Investment and ROI
According to a report by PocketSense, “a well-installed and well-maintained asphalt driveway can boost the curb appeal of your home, which can add value.” Therefore, if your home is due for a driveway repavement, it should take place before you put your house up for sale. Compared to other home improvements you can make before selling, asphalt services are a relatively affordable option for increasing your home’s value. The expense of repaving and fixing your driveway will be minimal compared to the increased value of your home. Home Advisorlists the average cost of asphalt as between $1-$5 per square foot, and the average cost for laying an asphalt driveway is about $4,812. While this is the amount you’re paying to install the new driveway, it could end up providing a return on your investment of nearly double in some areas. Especially if your home is the only one in the neighborhood with new asphalt, you’re setting your property up for the best resale value possible.
Installing a New Driveway
Only an experienced and certified asphalt paving contractor should be tasked with installing your new driveway. It is best that you plan ahead before putting your house on the market. The sooner you plan for your asphalt upgrades, the better because you’ll need time to find the right contractor for the job. Also, since the application of asphalt works best when the temperatures are warm and dry, you might not get your driveway project completed in time if you’re selling later in the year. For this reason, you should talk to a trusted contractor well before you consider selling. This will allow you enough time to schedule your service for the spring or summer and give the new blacktop time to cure and be sealed before interested buyers see your “for sale” signs. The asphalt paving projects aren't very time-consuming or intensive in good weather, but you should still start them early enough not to interfere with your other resale projects.
Local Asphalt Experts
Cassidy Paving has been in the asphalt paving business in the New England area for decades. We’ve helped hundreds of homeowners like you to increase property and resale values by making repairs and installations at the right time. We offer smart paving solutions for every budget. If you’re in Massachusetts, Rhode Island, or Southern New Hampshire, give us a call today at 866-978-9788 to get a free estimate on your residential paving projects.