According to Real Estate experts, home improvements are usually at the top of the list when it comes to bank borrowing and increasing property resale value. However, pouring all your cash into any old renovation is no guarantee of success.
The key to spiking up the value of your home is knowing exactly where to spend. More often than not, property owners will spend a handsome fortune on kitchen renovations and costly installations. What they don’t know is that it’s possible to add just as much value to the overall selling price by investing in a good paving job. And at only a fraction of the cost! If you are looking to make the most out of your biggest investment, here’s how paving increases property values significantly.
1. It’s All About First Impressions
You’ve most likely come across the term curb appeal, right? It’s no hidden secret that looks drive property values up. So if making money is your main goal, then your property has to look visually appealing.
A beautifully paved driveway, walkway or pavement is usually the first thing a potential buyer will see when walking up to your property. If your driveway or concrete job is poor, then it’s only natural that customers will assume that your property is of the same poor standards. Impressing your buyers with a fresh paving job will lead them to immediately rate the property at a higher value.
2. Paving Protects and Maintains Your Surfaces
In addition to being among the lowest maintenance surfacing material on the planet, pavers are built to last an entire lifetime. Unlike poured concrete that will just chip away and crack with time, paving jobs actually maintain their integrity for over 40 years. Whether it’s heavy, regular traffic from human and vehicles or torrential rains and deplorable weather conditions, paving guarantees inbuilt resilience as well as immediate flood control. Very few other surfaces can offer the benefits of paving when it comes to durability and a longer lifespan. People interested in your property will have to pay more because paving makes their work much easier, cheaper and convenient.
3. Paving Aesthetics and Variety Boost Property Value
While having a well-paved driveway or walkway will inevitably increase the value of your home, paving offers more variety than any other surface. Instead of pouring concrete or laying your pavers in a straight, old-fashioned manner, today’s range of pavers allow property owners to add certain unique characteristics to the overall design. Pavers come in a wide range of shapes, sizes, styles, colors and textures; allowing you to be as artistic and as creative as you want. If you spend more time working on different shapes and designs for the outdoor hardscaping, potential buyers will notice the effort and appreciate all the hard work by giving your property a higher valuation.
4. With More Functionality Comes Higher Value
There are some instances where using any other surface apart from special pavers will be very counterproductive. This is why contractors are insisting on using paving for areas like the swimming pool, backyard oasis or fountains. Unlike poured concrete that will not survive for long in water, paving is built to thrive in wet conditions without as much as a crack. Some pavers are also treated to withstand salt and other chemicals as well as textured to give people a better grip in wet, slippery areas. If your hardscaping and paving jobs are functional, then that automatically translates to increased property value.
It’s as clear as daytime that you don’t have to spend thousands of dollars to permanently increase the value of your home. An affordable, cost efficient paving project will have just as much impact as an expensive, kitchen or roof renovation. From your entrance, driveway, patio, pool area and backyard, there’s literally no shortage of places that could do with a good paving job. Try it out today and watch your house move up the ranks to become on of the most valued properties in the neighborhood.