Are you planning to increase the value of your property? If so, you should consider installing a new concrete driveway. Aside from increasing your property’s value, it also helps boost safety.
However, you might feel overwhelmed by the things you have to consider when it comes to investing in a new driveway. You might think that you’re wasting money. Well, that is not the case at all.
Is a concrete driveway a cost-effective investment? The simple answer is yes. This is particularly true if you work with a professional concrete Kingston contractor.
How Much Does a Concrete Driveway Cost?
The cost of installing a concrete driveway typically ranges from $4 to $15 for every square foot. The cost, on average, is around $6 per square foot. Decorative aspects, location, slab reinforcement, size, and whether or not a driveway removal is required can all affect the cost. The following are some other cost-drivers that are often overlooked:
The building of a concrete driveway is still a cost-effective solution to renovate a home. A simple slab is still reasonably priced and provides a reasonable return on investment. While small extras increase the upfront cost, they provide long-term benefits.
Reasons to Invest in a Concrete Driveway
The installation of a concrete driveway is still the most common among homeowners. When completed by a professional concrete driveway constructor, the slabs can readily withstand high traffic.
The dilemma for property owners isn’t whether or not a concrete driveway is useful; it’s whether or not you should invest your hard-earned money in one. There are numerous reasons why installing a concrete driveway is a wise investment. These are some of the reasons:
Concrete driveways enhance the appearance of a home. Buyers prefer clean lines and the assurance that they won’t have to make regular maintenance, which a concrete driveway provides.
Concrete’s substantial weight-bearing capability and reduced expansion and contraction make it suitable for homeowners who don’t want to add to their yearly responsibilities. This low-maintenance alternative can be used for decades without the need for continuing maintenance.
Concrete’s capacity to handle sunlight, cold, and heat is one of the main reasons for its popularity. Seasonal temperatures cause materials like asphalt to expand and contract dramatically, resulting in fissures. Concrete is becoming increasingly solid, and it also reflects sunlight to keep the temperature consistent.
With proper upkeep, a solid concrete driveway would last up to 50 years. Asphalt driveways often last 50 to 60 percent longer.
The installation of a concrete driveway also has a positive return on investment. A concrete driveway can increase the value of a home by as much as 10%. According to other estimates, resurfacing a formerly crushed stone driveway will yield a return on investment of 50 to 75 percent.
However, you should keep in mind that you can only get these benefits if you work with a professional concrete contractor. Thus, make sure you hire a professional concrete contractor to help you install your concrete driveway.