The Facts Regarding Asphalt Paving Costs

by Jordan Miles

Posted on November 25, 2017 at 12:00 PM

picture of a crew paving some asphalt

There are many benefits to sealcoating, as well as things to consider when deciding whether or not to sealcoat your parking lot.

Whats the Cost??

When heading into an asphalt paving project you’re eventually going to have questions regarding asphalt paving costs and what should be expected.  Asphalt paving ranges in price from $1.75-5.25 per square foot depending on the scope of work and the current market.

Factors for Asphalt Paving Costs

It’s difficult to assume an average amount for asphalt paving cost as the total will vary depending on several factors.  Some of these include: the square footage to be paved, thickness based on projected load requirements, distance from closest hotplant, whether or not permits are required, the quality of the base, and whether there are any obstructions that may need to be removed before beginning the paving process (i.e. trees).

Other factors that will influence your asphalt paving costs are if a driveway or parking lot have ever existed on the project site.  If not there will be some necessary preparation to the ground that will take some additional cost and time.  Having a layer of asphalt installed over existing asphalt will cost less than starting from scratch.  Asphalt takes several months to completely cure and should be treated with care until it has reached full strength.  After completion, your asphalt paving project will need maintenance every few years, which you can read more about here.

Because there are so many variables in asphalt paving and preparation, it is very difficult for contractors to give pricing without looking at the property first.  To determine an accurate cost, it is best to meet with an estimator in person.  When you meet with your estimator you can walk the property together to insure that all of your concerns and expectations will be reflected in your estimate.

The Facts regarding Costs: Asphalt vs Concrete

Asphalt is wonderful because it is so much more cost effective than concrete.  Beyond this, you can use it for any project size ranging from a small driveway to an enormous parking lot.  Asphalt projects are easier to repair than their concrete counterparts as well, making asphalt more cost effective in the long run and less of a hassle for you.  Once your asphalt is laid it only needs 4-8 hours of cooling before it can be opened to light traffic.  This could save you several days time and money.

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