From an analytical perspective, On average, repaving a driveway costs between $1,400 and $12,100. Owners spend $6,800 on average, according to services aggregator website Angi.
Furthermore, The final price can vary based on the material, the condition of your existing driveway and factors such as the grade of your land.
Customizations, permits and the time of year can also add up. Cost to repave a driveway by square footRepaving a driveway typically costs $7 to $14 per square foot.
Most driveways range from 200 to 800 square feet, but the right dimensions for you depends on how far your house is from the street and how many cars you want to fit side-by-side.
Here are common driveway sizes and their average repaving cost range:Driveway dimensionsSquare feetCost10' by 20'200. $1,400 to $2,800. 10' by 22'220. $1,540 to $3,080. 12' by 22'264.
Meanwhile, $1,850 to $4,000, in this volatile climate. 20' by 20'400. Moreover, $2,800 to $5,600. 24' by 36'864. At the same time, $6,100 to $12,100.
Furthermore, Cost to repave a driveway by materialThe most common materials for repaving a driveway are asphalt, concrete and pavers (something worth watching).
Gravel can be a low-cost alternative, in today's market environment.
Here’s a typical repaving cost range, including labor, and important features of each driveway material:MaterialCost per square footFeaturesAsphalt$7 to $15.
Fast-curing, performs well in colder climates, and allows for periodic resurfacing to extend life, but ne to cracks and deteriorates quickly without resurfacing.
Concrete$8 to $18 (this bears monitoring).
Longer lifespan, extensive options for patterns and finishes, and performs well in hotter climates, but ne to cracking and takes longer to cure when installed.
Meanwhile, Pavers$10 to $30 (fascinating analysis). Many options for colors and styles, durable, and individual pavers are easy to replace, but usually needs sealing to retain look and extend lifespan.
Easy to install and “top up” with new gravel as needed, but can wash away and develop potholes easily (something worth watching), considering recent developments.
Cost for customizationsSome optional add-ons can elevate your driveway in certain climates.
Here’s the cost of several customizations:Heated driveways cost between $12 and $21 per square foot on average, and use a gentle heat when activated to keep snow at bay.
However, Additionally, Driveway culverts cost $1,000 to $9,000 on average, depending on the complexity of the drainage system.
However, Sealant application extends the life of the driveway with an impermeable top coat and typically costs around $500 per coat.
Labor cost to repave a drivewayHiring a fessional to repave your driveway will cost $5 to $7 per square foot, though costs can be much higher for more time-consuming materials pavers or stone, in light of current trends.
In contrast, Here are a few additional factors that can raise labor costs:Excavation typically costs $1,000 to $2,500, depending on how deep your installer needs to dig to align the paving with the ground (this bears monitoring).
At the same time, Demolition can cost $1,000 to $3,000, depending on the condition and structure of your current driveway.
Landscaping costs from $4 to $10 per square foot of turf or garden that’s disrupted by the new driveway.
On the other hand, Permits cost an average of $250 and are required in some jurisdictions (noteworthy indeed).
Steepness, curves and unusual shapes in your driveway can add 15% to 30% to the total cost. Time of year can impact costs, especially early spring when driveway installation is most.
Choosing a less busy season, winter, may reduce labor costs.
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ResurfaceAsphalt driveways can last between 15 and 30 years, while concrete and paver driveways typically last 20 to 50 years (which is quite significant).
Driveways will last longer with per upkeep, including periodic resurfacing.
Resurfacing adds a fresh layer of gravel, asphalt or concrete on top of your original driveway and can fill cracks or potholes, but won’t address deep underlying damage.
Here are some signs that your driveway needs to be fully repaved: issues with poor drainage. Substantial cracks affecting curb appeal and driveway usability, in today's market environment.
Uneven slabs. Discoloration. Crumbling edges. Moreover, Nearing the expected lifespan of the driveway.
Nevertheless, Frequently asked questionsCan I repave my driveway myself, or do I need to hire a fessional, in this volatile climate.
People with the knowledge and skills to repave their driveway, and access to the correct equipment, may be able to on labor costs with a DIY ject. Costs may be similar if you need to rent equipment.
A gravel driveway is relatively easy to install, while materials asphalt and concrete require more experience. Can I repave my driveway myself, or do I need to hire a fessional.
People with the knowledge and skills to repave their driveway, and access to the correct equipment, may be able to on labor costs with a DIY ject, considering recent developments.
Costs may be similar if you need to rent equipment, in light of current trends. A gravel driveway is relatively easy to install, while materials asphalt and concrete require more experience.
Can I get financing for a repair or imvement.
Nevertheless, Your contractor may offer some financing options (either through a partner or a payment plan), but there are other — and maybe better — financing options available.
Additionally, Equity loan or HELOC equity loans or equity lines of credit (HELOC) may have lower interest rates than financing with an installer, as well as future opportunities for refinancing and possible tax benefits.
On the other hand, With a equity loan, you receive a lump-sum payment and then pay it back at a fixed interest rate over an agreed period of time, typically five to 30 years.
HELOCs are more akin to a credit card, something you use as needed.
You’ll usually have 10 years to draw from the line of credit, during which time you only have to pay interest, and after that you pay both the principal and interest.
HELOC interest rates typically are variable, meaning your monthly payment could rise or fall over time. And with each of these options, you're using your as collateral.
Personal loanMany banks, credit unions and online lenders offer personal loans, with amounts typically from $1,000 to $100,000 and with fixed annual percentage rates (noteworthy indeed), amid market uncertainty.
You receive a lump sum and repay it in equal monthly installments over a set period, typically two to seven years. Un with equity financing, there is no collateral.
The data indicates that means your isn’t at risk if you miss payments, but you’ll still have to pay late fees and the late payments can negatively impact your credit.
Credit cardCredit cards are an option for lower cost repairs or renovations.
That’s because credit cards typically charge higher interest rates than equity loans, HELOCs and personal loans, given the current landscape.
When used responsibly, credit cards can come with great benefits, such as 0% introductory APR periods that allow you to avoid interest for a set number of months; rewards so you can earn cash back, travel or points; and sign-up bonuses that can give you some extra cash back or rewards for a larger purchase.
If you go this route, you’ll want to make sure you pick one of the best credit cards for imvements. » COMPARE: s and cons of equity loans and HELOCsWhich financing option is best for me.
The best financing option for you will depend on how much money you need, when you need the money, what ject you’re doing and how long you need to pay the money back.
If it’s something that’ll add value to your, a HELOC or equity loan may be your best option because the value of your house could increase by more than the amount of the loan.
On the flip side, if it’s a less expensive repair, a credit card is bably your best option if you want to pay no interest or earn rewards.
Personal loans can apply to both small and large repairs or renovations, and they may make sense if you don’t have much equity in your.
Some imvement contractors offer their own financing options (fascinating analysis). Before taking this option, shop around and see how their offer compares with other loans.
At the same time, Regardless of what you choose, make sure you compare interest rates, terms and fees with any financing options you’re considering.
Furthermore, Conversely, This will ensure you get the best deal.
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However, The scoring formula incorporates coverage options, customer experience, customizability, cost and more. 0/5NerdWallet rating NerdWallet's ratings are determined by our editorial team.
The scoring formula incorporates coverage options, customer experience, customizability, cost and more (which is quite significant).
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Nevertheless, The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
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The authorLaura LeavittLaura Leavitt is a freelance writer exploring how personal finance intersects with everyday lifestyle decision-making, including how to sustainably.
Additionally, She enjoys reing how to reduce her carbon foot through residential solar panels, electric car use and growing more of her own food.
Her writing has appeared in a variety of publications, including Real Simple, CNET, Bankrate and more. See full bio.