Does A New Driveway Add Value To My Home

Things Buyers Look For In A New Home:

When it comes to searching for a new home, potential buyers have a list of criteria they keep in mind. Location is often at the top of the list, as buyers seek proximity to schools, shops, work and public transportation.

The size and layout of the house are also important, as buyers look for enough space to accommodate their needs and lifestyle. Having multiple bedrooms and bathrooms, ample storage space, and an open floor plan are often appealing features. Additionally, buyers are keen on properties that offer natural light and good ventilation, as these contribute to a comfortable living environment.

Alongside the interior, buyers also consider the exterior features of a new home. Kerb appeal plays a significant role, as it gives the first impression of the property. A well-maintained front garden and driveway, a fresh coat of paint, and an inviting entrance can make a home more desirable.

Moreover, a safe and friendly neighbourhood is crucial for buyers, as they prioritize their own and their family’s security. Proximity to recreational areas, green spaces, and amenities such as parks and playgrounds are also factors that buyers consider while looking for their ideal home.

Does Kerb Appeal Really Work?

When it comes to selling a home, one of the key factors that often catch the attention of potential buyers is the kerb appeal. Kerb appeal refers to the attractiveness of a property’s exterior as seen from the street. It encompasses various elements such as the condition of the front garden, the design and condition of the front entrance, the exterior of the house, and the driveways and garages.

Studies have shown that the first impression of a property can greatly influence a buyer’s decision-making process. A well-maintained and visually appealing exterior can create a positive impact, setting the tone for a potential buyer and making them more inclined to explore the interior.

The exterior serves as a preview of what to expect and can even shape the perception of the property’s overall value. A neatly paved driveway, a beautifully landscaped front yard, and an inviting front entrance can all contribute to the desirability of a home and potentially lead to a higher selling price.

Do People Look At The Driveway?

As the driveway is at the front of your house it is the first thing that any buyer, estate agents and even neighbours see so this makes it more valuable to create a good first impression of your home when you put it on the market.

A weed infested patch of broken concrete will automatically raise questions about costs as much as a badly installed and under maintained block paving driveway will deter potential buyers and lead to some price negotiations that you were not expecting.

A drive that matches the tone, colour and demeanour of the house will instantly set the tone for the rest of the viewing.

A well looked after driveway, front garden and flower beds have been top of the list for most estate agents in the UK since time began so taking the plunge and investing in an upgrade can add value and desirability to your home without too much outlay.

Average Cost Of Driveway In The UK:

When it comes to installing a driveway in the UK, the cost can vary depending on several factors. The most important factor is of course, the size of the driveway, as larger driveways will generally require more materials and labour, leading to a higher cost.

The type of material used also plays a significant role in determining the overall cost. For instance, a gravel driveway tends to be more affordable compared to a block paved, concrete, resin bound, or asphalt driveway. Additionally, any extra features such as drainage systems or decorative elements will add to the overall cost of the project.

To give you a rough idea of the average cost, a basic asphalt driveway for a single car could range from £1,000 to £4,000. If you prefer a more stylish block paved driveway, the cost could fall between £3,000 and £6,000 for a single car.

For larger driveways or those with additional features, such as turning circles or intricate designs, the cost can easily exceed £10,000. Keep in mind that these figures are just estimates and prices can vary depending on the region, contractor, and specific requirements.

Average Increase In House Value Of New Driveway:

When it comes to adding value to a home, the installation of a new driveway can make a considerable difference. Studies have shown that properties with a new driveway tend to experience an average increase in house value of anything up to 10-15%. This is due to several factors, including enhanced kerb appeal, improved functionality, and the potential for additional, valuable parking space.

Additionally, a new driveway offers practical benefits, such as providing a dedicated parking area and ensuring easy access to the property. These features are particularly attractive to buyers who value convenience and want to make the most out of their living space. Living in an area that requires parking permits will alleviate extra expenditure on a yearly basis.

Being able to use your own private parking space is priceless if you have small children as it increase the safety factor. Along with that aspect older people are more inclined to view a property with off-road parking for safety and security reasons.

The materials chosen will also determine how much more value you can add to your home. The current trend for resin bound driveways has seen a sharp increase in their use here in the UK and for good reason as they are porous, so water does not settle and damage the surface, they are available in a variety of colours and they add a thoroughly modern, clean and sleek look to your house.

Block Paving, Resin, Concrete, Tarmac Or Gravel?

The choices are ever increasing in the styles and colours you can choose for your new driveway but which one is best for you?

The style and period of your home may answer that question for you as an older, Victorian home may look better with a simple gravel drive as opposed to a modern resin driveway option.

Equally the choice of styles and colour you now have in block paving can truly make a difference in the overall look and appeal of your house.

Looking at brochures from Marshalls for instance will give you ideas as to what it will look like.

One top tip to remember is when chosen sample always try to view them wet and dry as the weather conditions here in the UK will mean that most of the year the driveway will have that glossy sheen of fresh rainfall or morning dew.

Which Plants Go With New Driveway:

Choosing the right plants to accompany your new driveway is an essential part of creating a visually appealing and harmonious outdoor space. The choice of plants will depend on various factors such as the style of your home, the colour and material of your driveway, and the specific conditions of your garden. To create a cohesive and attractive look, it is important to consider a few key elements.

Firstly, consider the colour scheme. Opt for plants that complement the colour of your driveway. For example, if you have a concrete driveway, you might choose plants with vibrant foliage or flowers to add a splash of colour. On the other hand, if your driveway is made of blocks or stones, you may want to select plants that offer a more subtle and natural look, such as evergreen shrubs or ornamental grasses.

Secondly, think about the size and shape of the plants in relation to your driveway. Avoid planting large trees or bushes that may obstruct the view or create obstacles for vehicles entering or exiting. Instead, opt for low-growing, easy to manage plants or those with a more upright and narrow profile. This will not only ensure the safety and functionality of your driveway but also enhance the overall aesthetic appeal.

In Conclusion:

By considering all the factors that buyers look for in a new home, the kerb appeal and the addition of a new driveway are two important aspects to focus on. Enhancing the appearance of the house’s exterior can create a positive impression, influencing buyers’ decision-making processes.

By also choosing the right plants to complement your new driveway, homeowners can further enhance the overall look and feel of their property, making it more attractive to potential buyers.

Furthermore, the installation of a new driveway not only adds functionality to the property but also increases its market value. These small and thoughtful investments can make a significant difference in attracting potential buyers and ultimately selling the property at a favourable price.