If you have a gravel driveway, you might be well used to it and assume that selling a home with a gravel driveway won’t be an issue. After all, you bought the home with a gravel driveway. While you might sell it quickly and for a good price, you should know that paving it can more than pay for itself immediately. Read on to learn more and then contact Berkshire Hathaway HomeServices at (310) 373-0021 for more tips on selling a home.
The Average Cost of Paving a Driveway is Less than $5,000
While the cost of having your driveway paved will vary greatly based on where you live, HomeAdvisor has found that the average cost across the country is just over $4,700. This can be a large investment but it could pay off in several ways.
Paved Driveways Can Add up to $20,000 to the Value of a Home
Depending on the area of the country a home is located, taking a gravel driveway and paving it can lead to a boost of up to $20,000 in the value of the home. Not only that, but it can help a home sell faster. Picture this: a person is searching for a home and finds two that they love. One has a freshly paved blacktop, while the other has a damaged, cracked driveway. On which home do you think they are most likely to put in an offer.
Unpaved Driveways Are Out of Place in Urban and Suburban Areas
If you are still not sure that having a gravel driveway is a big deal, consider that if you are in an urban or suburban area, others feel that your gravel driveway is out of place. Not only that, but most people know that gravel driveways are hard to maintain and even hazardous. If you can afford to pave it, then you will likely see a decent return on your investment.
A Home Inspector Might Document Issues with Your Driveway
In the event that you decide not to pave your driveway, you can expect that if it is in particularly poor repair, your home inspector will document it. This might include issues like grass and weeds growing through the travel, uneven areas, and crumbling or cracking. This could cause the potential buyer to request a repair credit, which would require you to pay for the fix without ever enjoying it, or they might decide not to buy the home.
What is the Best Way to Get Your Home Sold Fast and for the Best Price?
There are two main goals when a person sells a home: They want to sell it quickly and they want to get the best possible price. We understand these priorities and we can help you realize them. Contact Berkshire Hathaway HomeServices now at (310) 373-0021 to talk to someone who can help you right away.