Will a new driveway increase my home’s value?
If you are installing a parking space that did not exist before, the answer is a resounding ‘yes’. Research from Virgin Money shows that creating a driveway adds £22,000 to the value of the average home in the UK – more than a new fitted kitchen, extra bedroom, or conservatory. If you are revamping a driveway that is already there but looking a bit tired, you should at least get a return on the cost of instalment as well as making a positive first impression on potential buyers viewing your home.
What factors should I consider?
Before you choose what type of driveway to install, you should think about:
Cost – The cost of installation will differ depending on what type of material you use, the size of your driveway, and which contractor you employ. Get at least three quotes for the job before you make a decision on which company to use.
Maintenance – Different materials will affect how long your driveway lasts and how easy it will be to repair if issues should occur. Getting it resurfaced as cheaply as possible for aesthetic appeal may help with first impressions, but canny buyers may look for high-quality, long-lasting paving material.
Planning permission – Generally you won’t need planning permission if your driveway is less than five square metres and made of permeable material that allows water to drain through. However, if you are laying a large non-permeable driveway or live in a listed building or conservation area, you may need prior approval and should consult your local planning office before starting any work.
What paving material should I use?
Driveways are no longer limited to just concrete or tarmac, but every option has its pros and cons. Here are some of the more popular choices:
Gravel – A low-cost option that’s easy to lay, gravel suits many types of houses and is easy to repair as it shifts over time. However, it requires a lot of maintenance (regular weeding) and pits easily. It’s not suitable for sloped driveways, as it will collect at the bottom.
Pavers – Shaped stones that slot together like tiles, brick, cement, or clay pavers are aesthetically pleasing and come in a wide range of patterns, colours, and sizes. They are a good option for sloped driveways because they are less slippery than concrete, and can be used almost immediately after installation. A paver driveway will take longer to lay than other driveway types and nooks and crannies between the stones can make clearing leaves and shovelling snow tricky.
Concrete – Concrete block paving is relatively cheap, durable, and easy to maintain. With proper care it can last for up to 30 years, however it can crack in cold weather and there is no easy solution for fixing it without replacing the entire driveway.
Asphalt – A low-cost, weather-resistant option, asphalt will last for around 20 years with proper care, however it lacks the kerb appeal of other driveway types.
Resin-bound surfacing – Resin bound driveways are comparable in cost to paver driveways and offer a durable, attractive option that is easy to maintain. They are unsuitable for heavily trafficked areas or areas where vehicles have to turn regularly.
Thinking of selling your property? With many years’ experience in residential agency across Cornwall, the team at Lillicrap Chilcott can ensure you get the best possible price for your home. Contact us today for more information.