The most cost-effective option for driveways and Winter Haven parking lot paving is asphalt material. Many businessmen invest their hard-earned capital on having an asphalt pavement for their parking lots to ensure the safety of their clients’ and their belongings. However, the problem remains that not all businesses can afford to invest in an asphalt pavement because it is costlier than simply leaving their pavements be.
The benefits of having an asphalt pavement far outweigh not having it, true, even when it could cost thousands of dollars. Unfortunately, not everyone understands this concept and simply allows their business properties to look unkept and out of whack.
To better understand the costing of an asphalt pavement, you have to research about it, as well as consult with people who are experts in the matter.
The average price of removing an old asphalt pavement and replacing it with a new one is around $5,000, depending, of course, on several factors such as the location of your pavement, the size of the area, and the existing facilities and amenities there. Typically, your $5,000 will last for 15 years with very minimal maintenance and checkup routines. The life expectancy of an asphalt pavement will depend on how much maintenance it received. If it is well-maintained and is usually applied with sealcoating, then it could last longer than 15 years.
But, if the pavement is old and crumbling, you may want to hire a contractor to survey the site and replace the pavement as they see fit.
If you want to repair your asphalt pavement, you will have to save somewhere in the range of $5,000 to $10,300. On average, people spend around $6,000 for the installation of a new asphalt pavement. It is cheaper to have an asphalt pavement installed if there are no repairs or adjustments that need to be done on the property.
There are many factors that will determine the cost of an asphalt pavement project. Among the factors are the material cost, the size of the property, the drainage issues that must be addressed, and the areas in the property that might have subgrade issues. For a much better estimate, you have to compute the project according to the total square feet of your property. Most contractors charge somewhere from $3.50 per square foot to $4.5 per square foot.
But, as long as you maintain the asphalt pavement, you should have no problem about replacing it immediately.