Most people who want to increase the value of their homes, usually tend to focus on kitchens and bathrooms. While these are crucial spots to a lot of potential buyers, sometimes, some important areas of the home can be overlooked. One of those spots is a nicely paved concrete driveway.
A concrete driveway can contribute to the overall perceived value of your property. Driveways are what people usually see when they visit a home. Some reports claim that a good first impression can increase the value of a home by as much as 10%. It’s no surprise though, first impressions last, so a driveway can definitely make or break the potential value of a home. Also, the presence of a well-designed and properly maintained driveway can justify a higher asking price. It’s easier to attract potential buyers who are very much willing to purchase with the current asking price when they see a well-maintained home.
Before we delve into enumerating the reasons why a concrete driveway increases a home’s value; let’s discuss first what are some factors that affect the selling price of a home with a well-paved concrete driveway.
Location
Being able to park right outside your front door is a huge perk for any aspiring homeowners. If your home is situated where parking might be scarce or if it’s close to motorway or highway links, they are very much appealing to professionals and families alike. If you want to know how much your driveway adds to property value compared to your neighbours’ homes, go online and search for properties without driveways in your postcode on public listings. You can compare the difference and will help you give an idea of how much a paved driveway can increase your home’s value.
Parking Space
The size of your driveway will also affect the home’s value too. Large driveways, that can fit at least two cars, are popular for homebuyers with families or with professionals who travel to work. If you have extra space that you can use to extend your driveway’s space, it might be wise to do it, since it can benefit you in the long run. You reap back the added value on your home even if it can be initially quite a costly project.
Okay, so now we’ve got those factors out of the way, here are some reasons how a concrete driveway can increase a home’s value:
Curb Appeal
A well-maintained concrete driveway with an aesthetic look enhances the overall curb appeal of your home. It provides a clean, neat, and attractive entry point, which can make a positive first impression on potential buyers.
Durability and Longevity
Concrete driveways are a popular choice for many homeowners because of their durability and long lifespan. A properly installed and maintained concrete driveway can last for decades, with minimal need for maintenance!
Another reason why concrete is popular with driveways is because of its rigid, non-flexible material that can handle heavier loads compared to asphalt. You can drive a large truck or a caravan, tow a boat on a boat trailer, or drag heavy furniture on a concrete driveway without any concerns of rutting.
Landscaping and Design
Most modern concrete driveways can now be customised according to your liking. Decorative concrete is a popular choice in both homes and commercial spaces since it adds beauty and an appealing visual effect to a driveway. Decorative concrete can provide you with various designs, patterns, and colours that will complement your home’s architecture and landscaping. Currently, exposed aggregate driveways are the hottest trend in Australia for driveway designs.
Functionality
A smooth and well-constructed concrete driveway provides a stable surface for vehicles, making it easier to park and navigate. Another small factor that can make a big difference to your home’s value.
Low Maintenance
Did we mention concrete driveways only require minimal maintenance? Compared to other driveway materials such as asphalt or gravel, concrete doesn’t need a lot of costly maintenance. As long as you keep it clean and sealed properly, you don’t need to do other complicated maintenance jobs. Concrete driveways can save you a lot of money and stress.
Energy Efficient
Concrete driveways are also an environmentally-friendly paving solution. It can help save a lot of energy since it reflects heat and light (instead of absorbing it) which helps reduce the urban heat island effect. Concrete can have a cooling effect on your property so you don’t need to use lots of energy to keep your surrounding cool.
Safety
Concrete driveways also offer a stable and slip-resistant surface, reducing the risk of accidents for both pedestrians and vehicles.
Overall, a concrete driveway is one of the best investments you can do for your home as it will reap you with so many benefits in the long run. If you’re based in Victoria and looking for concrete suppliers, we here at VIC MIX can cater to your needs. Visit our Contact Us page for inquiries or if you want to get a quote for a certain type of concrete mix you want to acquire or if you need to get a hold of a contractor. If you want to know more about decorative concrete produce, peruse our brochure for details. You can also drop by our showrooms to see our designs personally and talk with our staff to address your concerns. We are more than happy to accommodate you so don’t hesitate to reach out!