You might be surprised to learn that a driveway adds value to your home. It is estimated that a driveway can increase the value of your property by 5 to 10%. That's quite a lot for an area where you don't really need to pay a lot to renovate it. It's estimated that having an attractive driveway to complement your home can add up to 10% of your property value, according to Virgin Money.
So, given that the average price of housing in the UK is just under £230,000, your home could benefit from a significant financial boost if parking is an option available to buyers. The biggest drawback of this type of input is maintenance. Just like a lawn, you'll have to work hard to keep the grass green and looking good. If you live in an arid, desert climate, this probably isn't the best option for you.
In addition to having a house that is more saleable because of the garage, having this one will only add value to your property. Adding a driveway to your property can add up to 10% to the value. The biggest profit (more than 11,000 pounds sterling) was made in Surrey, but in the North East of England, the new entry had a loss of 245 pounds sterling. Your entry may not be the most exciting property upgrade of all time, but it certainly plays a critical role and is being used a lot on a daily basis.
According to a recent survey, the average price of a ticket for a car will cost you about 3,500 pounds sterling. According to PriceYourJob, the average total cost of paving a small driveway (with space for a car) with blocks is £3,500. Renting a place in the driveway of your home will bring you additional income and give you peace of mind about the safety of your car. In addition, if your home is on the market and the driveway doesn't meet standards, this can give potential buyers a good reason to submit low offers.
Maybe it's better designed, has a larger garden, or is in better condition), buyers will be happy to overlook the lack of a driveway. At first glance, this suggests that not having a driveway could discourage a high proportion of potential buyers before they've even seen your property. If your home is very well maintained, inside and out, the appearance of a cracked or degraded driveway can actually take away the overall look of your home and turn away potential buyers. If most homes in your area have driveways and yours don't, this can make your home less attractive.
But laying a flawless stretch of driveway pavement is like giving your house a red-carpeted entrance. According to Jamie Owen, an appraiser from Ohio and host of the podcast Home Value Stories, neighborhood context is very important when weighing the value of a paved driveway. If you're interested in asphalt roadway paving services, call the PC Concreting in Canberra team of experts and request a free quote. The people who earn the most live in Kensington and Chelsea, and earn an average of 3,367 pounds a year renting their ticket.