How polished the pavement, driveway, or parking lot of a building looks has a huge bearing on its value. As a result, paving the driveway of a property you’re planning to sell with asphalt may be a smart investment in the long run. Why do pavements have such an impact on property value? The answers are simpler than you think.
Looks are important
Aesthetics have always mattered vis-à-vis how property is valued and “curb appeal” is a real thing. Since the driveway is the first part of a property that a prospective buyer sees, a well-laid pavement makes the property attractive from the get-go. Additionally, parking lots take up significant real estate at business locations, and the more polished the lot is, the higher the property’s valuation.
A polished pavement attracts customers
The more appealing the pavement at office space or retail outlet is, the more attractive it will be to customers. Furthermore, it makes the business look professional to prospective clients, meaning more visits and increased customer footfall. All these are factored in when the value of business property is being decided.
Constant maintenance is important
If the driveway or parking lot at your property is already paved, ensure that you run constant maintenance checks. Before you put that house or office space on the market, ensure that the parking lot is not cracked, that there are no potholes, and that lot is thoroughly-cleaned. If you find cracks, you need to contact a pavement contractor and have them sealed before they get bigger.