Corbin Stabb
10/2/24
In recent years, Jacksonville's real estate market has seen a remarkable surge, with home values skyrocketing by an impressive 50%. This significant increase has caught the attention of homeowners, potential buyers, and real estate experts alike. As a result, it prompts a deeper look into the factors driving this growth.
While economic development and population influx play crucial roles, an often overlooked but influential factor is the trend of paver installation. Keep reading as we break down how this community-wide paver project trend is influencing the market and boosting home values across Jacksonville.
The Boom in Jacksonville's Real Estate Market
Jacksonville’s real estate market has been on an impressive upward trajectory, captivating the attention of both local and national investors.
Over the past few years, home values in Jacksonville have surged. This marks the city as one of the hottest housing markets in the country. Several key factors have contributed to this remarkable growth. Let’s look into each of them:
Population Growth
The city’s appealing mix of…
economic opportunities,
coastal lifestyle, and
relatively lower cost of living
… compared to other major cities in Florida has attracted many new residents. This influx has increased demand for housing, naturally driving up home prices.
Flourishing Local Economy
Jacksonville has a diverse and robust job market, particularly in sectors such as:
Healthcare
Finance
Logistics
Between October 2022 and October 2023, the city added nearly 30,800 new jobs. This allowed the city to achieve a job growth rate of 3.93%, significantly outpacing the national average. This economic strength has bolstered the housing market, as more people can afford to purchase homes.
Structural Improvements
In addition to these factors, Jacksonville has seen a wave of infrastructural improvements and development projects. Better transportation networks and public amenities have all contributed to the rising property values.
Amid these broader economic and demographic trends, specific home improvement projects, such as paver installations, have also played a crucial role. These aesthetic and functional enhancements have made properties more attractive, adding to their market value.
Type of Paver Commonly Used in Jacksonville
Brick Pavers
Renowned for its classic appearance, brick pavers are commonly used for driveways and walkways. These pavers are known for their strength and ability to withstand heavy traffic.
Natural Stone Pavers
Natural stone pavers such as limestones are ideal for backyard patios and pool decks. Limestones, in particular, are prized for their natural beauty and ability to stay cool underfoot. The unique patterns and colors of natural stone add a distinct elegance to any outdoor space.
Travertine Pavers
Travertine is especially popular for pool decks, paver patios, and outdoor living spaces in Jacksonville.
Known for their advanced designs and natural, non-slip surface, they provide a safe and attractive option for areas around pools. Travertine's ability to remain cool underfoot even in the heat makes it a comfortable choice for outdoor spaces.
In addition, its natural beauty and variety of colors and finishes add a touch of elegance and sense of space to any landscape design.
Concrete Pavers
Valued for their affordability and versatility, concrete pavers come in a wide range of shapes, colors, and patterns. They are a practical choice for various outdoor projects – from paver patios to driveways – offering an excellent balance between cost and functionality.
Choosing the Right Paver for Your Home
Local real estate experts and homeowners in Jacksonville have observed the positive impact of paver installations on property values.
For instance, a recent study by the National Association of Realtors found that landscape improvements, including patio paver installations, could provide a return on investment of up to 150%.
Here are some key factors to consider for creating outstanding design projects to increase your property market value:
1. Project Type
Driveways: For driveways, durability and strength are paramount. Brick and concrete pavers are popular choices due to their ability to withstand heavy commercial vehicle loads and resist wear and tear. Concrete pavers, in particular, offer a wide range of colors and shapes, allowing for endless design possibilities.
Patios and Walkways: For these areas, aesthetics and comfort are often the main concerns. Natural stone pavers, such as travertine and limestone, provide a luxurious look and are pleasant underfoot. Brick pavers can also add a charming, classic touch.
Pool Decks: Slip resistance and heat absorption are critical for pool areas. Travertine and natural stone pavers are excellent choices as they stay cool underfoot and offer a non-slip surface.
2. Climate and Weather Conditions
Jacksonville’s climate, characterized by hot, humid summers and mild winters, can influence the choice of pavers. Materials like travertine and concrete are ideal as they withstand heat without getting too hot and handle the region's occasional heavy rains well.
3. Budget Considerations
The cost of paver installation can vary depending on the material, complexity of the design, and the ample space to occupy.
Concrete pavers are generally more affordable and offer a good balance between cost and durability. Natural stone pavers, while more expensive, provide unmatched beauty and longevity. Thus, making them a worthwhile investment for enhancing property value.
4. Maintenance Requirements
Some pavers require more maintenance than others. For instance, natural stone pavers may need periodic sealing to protect them from stains. Concrete and brick pavers, on the other hand, are relatively low maintenance, needing only occasional cleaning and minor repairs.
5. Design Preferences
The visual impact of pavers is significant. Consider the overall design and colored pavers to complement your home's exterior.
You should also think about the layout like basketweave or running bond paver pattern to make your outdoor living space unique. But keep in mind that you need to be mindful of your color choices to ensure a consistent color blend.
Conclusion
The remarkable rise in home values in Jacksonville presents a lucrative opportunity for real estate investors. By incorporating paver installations, properties can achieve higher market appeal and resale value.
Here at Coastal Patio Pavers, we are ready to assist you in making these enhancements to ensure your home stands out in this competitive market. Invest in your home’s future today with expert paver installation services that blend beauty, durability, and functionality.
Don’t miss out on the opportunity to capitalize on Jacksonville’s booming real estate market—reach out to us now to schedule your appointment and to get accurate cost estimates.
Frequently Asked Questions
How should pavers be installed?
To install pavers, first, excavate the area to the appropriate depth and lay a firm base layer of gravel for stability and drainage. Next, add the proper base material such as a layer of sand and level it before carefully placing the pavers in the desired pattern. Finally, fill the joints with excess sand, compact the pavers with a plate compactor, and edge restraints and seal them to ensure durability and prevent shifting.
Do I need polymeric sand under pavers?
Yes, you need at least a 6-inch layer of polymeric sand bed under pavers as it creates a stable base material and prevents shifting and settling over time. The sand layer also aids in proper drainage and helps to lock the pavers in place when spread over the top and swept into the joints. Using sand ensures a smooth, even surface and enhances the durability and longevity of your paver installation. You can also add paver edging to keep every square foot of the pavers in place.
Are pavers better than cement?
Yes, pavers are better than cement for several reasons. Pavers offer more design flexibility, durability, and ease of repair compared to poured cement. Furthermore, pavers are less prone to cracking as they can move independently with the ground. Meanwhile, cement slabs can crack under pressure and environmental changes.
Why choose pavers over concrete?
Choosing pavers over concrete offers superior aesthetic versatility. This allows for an array of colors, shapes, and patterns to match your home’s style. Pavers are also more durable and can be easily replaced individually if damaged, unlike concrete, which can crack and require costly repairs. In addition, pavers provide better drainage, reducing the risk of water pooling and related damage.
Can you lay pavers on wet concrete?
It is not recommended to use paver base material like wet concrete as it can lead to shifting and instability. Instead, pavers should be set on a properly prepared base of compacted gravel and sand to ensure durability and stability. If pavers need to be installed over an existing concrete surface, it should be dry, and a layer of sand or mortar should be used to secure the pavers.
