Replacing Cracked and Uneven(potentially hazardous) Driveway with Gravel Driveway

[Ethan Ray]

The main issue is that my driveway, which measures approximately 27x30, is in poor condition with noticeable cracks and significant indentations in the asphalt. Recently, one of my elderly tenants, unfortunately, fell on the driveway and broke her wrist. While she did not pursue any charges because she has a tendency to fall on various surfaces and possesses adequate insurance coverage, I am concerned about the safety of my tenants and the potential for future liability if someone else were to fall and seek damages.

To address these concerns and prioritize the safety of my tenants, I have decided to replace the current deteriorating asphalt driveway. After obtaining some quotes, I have chosen to remove the old asphalt myself and install a new gravel driveway, as it seems to be the more cost-effective option, totaling around $1500 based on my calculations.

Now, my primary question revolves around the impact on the house's value. I am uncertain whether replacing the deteriorating asphalt driveway with a gravel driveway would be a worthwhile investment in terms of the house's resale value, or if it would be better to opt for another asphalt driveway. In other words, does the type of driveway affect the sale value of a home?