By having a well-maintained, paved driveway, you can add between $10,000 to $20,000 to the value of your home.
As you can see, repairing your home driveway is more than just a cosmetic improvement. It’s an investment into the property itself that can give back a huge ROI. Repairing a driveway is essential once you notice that it has sunken slabs or cracks.
So, how much does a driveway cost? Figuring out the average cost will depend on certain factors. In this article, we’ll take an in-depth look into the average costs for repairing a home driveway.
Average Prices Based on Driveway Materials
When looking at the average driveway prices, one of the biggest aspects to take into consideration is what material you wish to use. After that, you must also look at the type of repair needed, whether you plan to deal with repaving a driveway or filling in a single hole or a few cracks.
While concrete driveways are by far the most popular type of material, even these are prone to damage over time. Tiny cracks have a tendency to form in concrete. With the passing of cold winter months, the moisture freezing can end up widening the cracks.
Repair costs for concrete driveways can range anywhere between a hundred dollars to upwards of $3,000. If you’re looking at repairing a few cracks, then it can be about $5 to $10 for sealant. If you need to resurface the entire driveway, then expect to pay between $3 to $7 per square foot.
Asphalt is another popular type of material for driveways. Many people find the smooth, black surface of asphalt visually appealing. However, asphalt is also prone to cracks.
To fill in a small number of cracks, you can pay about $2 per square foot for some sealer. If you’re dealing with potholes and sinkholes in the asphalt, then you may need to get professional help for your driveway repair. The cost for these repairs can range between $1,000 to $3,000.
A brick driveway adds both visual appeal and can be easy to repair. When it comes to repairing a brick driveway, it will involve replacing the damaged bricks. If there’s an area that is sunken, then you remove the brick paver and fill in the space with sand.
You can expect to pay about $0.35 to $0.75 per individual brick. If you need sand to fill beneath any bracks, that will cost between $20 and $30 per 50lb bag.
Go Ahead and Repair That Driveway
Putting off repairing your home driveway can lead to the problems worsening. Cracks will widen and multiply, potholes will deepen and spread. Aside from a damaged driveway ruining your home’s curb appeal, it can also lower your home’s value. If you ever plan to sell your home, you’ll want to ensure your driveway is in tip-top shape. On top of that, a driveway with severe damage can even ruin the tires on your vehicle! So, get that driveway repaired and avoid your problems spiraling out of control.
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