Plant City parking lot paving is generally made with asphalt pavement because it is more economical than using concrete. While concrete would cost around $7 per square foot, an asphalt paving contractor would only charge around $3 to $4 per square foot on average.
The cost of installing or repairing an asphalt pavement, however, will also be mildly affected by the price of crude oil in the market since it is heavily used in the asphalt mix. The fluctuations in prices would be very minimal, though, because asphalt as a material is cheaper than any kind of concrete.
The cost of an asphalt driveway or Plant City parking lot paving would also depend on the state where the project is being constructed. The national average is $4,480 and the typical range is between $2,839 and $6,283.
Low-end contractors, or contractors that have not been in the business long, can charge as low as $1,500 for the project but high-end contractors, that have years of experiences to back them, can charge as high as $10,000 per project.
Do not be fooled into paying more than $3 or $4 per square foot because asphalt is basically recycled material (well, some of it) so you should not pay for the price of concrete. Asphalt is an economical, durable, safe, and recyclable material that when properly installed can provide a clean and safe surface to work and play.
The benefits of asphalt pavement are beyond aesthetics. It is also easier to maintain and it is the perfect material to use in locations where the weather either gets too cold or too hot. So whether it’s a driveway, blacktop court, walkway, or parking lot, an asphalt material is a wise choice.
Resale value and life expectancy
Your investment in your parking lot or your driveway will benefit you in the end. If, in the future, you would like to either sell your house or your commercial property, having a well-paved driveway or parking lot will improve its resale value.
This is a cost-effective option that is valuable for any potential homeowner or commercial property investor. Not having to worry about the asphalt pavement of a house or a building is a big advantage for any potential buyer.
The life expectancy of an asphalt driveway or Plant City parking lot paving is 15 years so when you spend $4,000 on it now, you’re just really spending around $266 per year on it. If you think of it that way, asphalt pavement is a cost-effective project that brings many benefits and few disadvantages.