How Much Does a Concrete Driveway Cost?
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Costs to Consider for Concrete Driveways
From landscaping to exterior painting, there are countless ways to improve your home’s curb appeal. But one often-overlooked way to enhance your home is by adding or upgrading your concrete driveway. A concrete driveway offers a durable and fresh way to improve your home’s appearance, making it a worthwhile investment for many homeowners.
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Is a new concrete driveway worth the cost?
A new concrete driveway not only improves the look of your home but has proven to be a low-maintenance and valuable way to invest in your home. Plus, since most concrete driveways will last decades, you can rest assured adding a concrete driveway will be a long-term investment for years to come. You may not think of a driveway when you think of a home improvement but think again as it is the first thing people see when they arrive at your home.
If you're looking for a way to finance your new concrete driveway, Acorn Finance can help. We can help connect you with lenders, allowing you to review multiple offers for a home improvement loan in one place. Keep reading to learn more about concrete driveways and what they cost.
Costs of Concrete Driveways: Frequently Asked Questions
What are the general costs involved with concrete driveways?
Concrete driveways are a great option for homeowners looking for a low-cost, easy-to-maintain driveway surface. The costs to install a concrete driveway will vary based on the following factors.
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- Base layer: All concrete driveways have a gravel base underneath them. But for added support or reinforcement, you can opt for a wire mesh base. This can cost an added $1 to $3 per square foot but can extend the longevity of your concrete driveway. If you live in a cold weather climate, you can even add a heated base to your driveway, which can help de-ice and melt snow in the winter. This can cost between $10 and $30 per square foot for a high-end upgrade.
- Excavation: If you have an existing driveway, you'll likely have to excavate and tear it up to install the new concrete base. This can cost between $500 and $6,000, depending on the type of material and size of the driveway.
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- Grading: Steep or sloped driveways will need to be graded before concrete can be poured. This can cost between $100 and $3,400 to ensure the driveway is flat and level. This could also involve clearing any trees or removing larger rocks below the surface.
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- Material: While standard gray concrete is the most affordable option starting at $4-$6 per square foot, there are upgraded materials available but cost more money.
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- Sealant and finishing: After the concrete has been poured, you'll need to seal up the driveway to extend its lifespan. You can expect to pay a few hundred dollars to seal and finish your concrete driveway.
When should you pay to install or replace a concrete driveway?
With any home improvement work, it's important to understand when the contractor expects payment to be made. While it's not uncommon to pay a deposit or a portion of the costs upfront, it's generally not encouraged to pay the lump sum before the work is done. This is to ensure the work is completed fully and to your level of satisfaction first. The same goes for installing a concrete driveway.
What are the pros and cons of concrete driveways?
Due to its durability and affordability, concrete driveways are a common choice for many homeowners. But as you consider adding a concrete driveway to your house, fully weigh the pros and cons to confirm it’s the right choice for your home.
Pros
Affordable option. With the average price being around $3,000, adding a concrete driveway to your house is a cost-efficient way to improve your driveway.
Extremely durable. A well-installed concrete slab can last for 50 years or more, making it a long-term investment in your home’s driveway.
Strong and stable. Concrete is extremely strong and is able to withstand even the heaviest of vehicles. This makes it a great option for driveways that will be constantly used or if you have heavier equipment.
Cons
Requires maintenance. Concrete driveways require proper maintenance or else they can get cracked or stained. This added work can be a downside for homeowners looking for a low-maintenance driveway.
Few color options. Unlike other materials, concrete doesn’t have as many different selections or colors. If you have a particular look or aesthetic in mind, concrete might not be the best option.
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