How To Budget For Asphalt Paving – 5 Tips For Property Owners

How To Budget For Asphalt Paving – 5 Tips For Property Owners

An aging asphalt driveway or parking lot can become a burden, especially when you are on a tight budget. But even if you are short of funds, you can’t neglect the cracks and potholes on your asphalt pavement. 

At C&J Construction, we always encourage our clients in Bolingbrook, IL, to maintain an adequate asphalt maintenance budget. Luckily with asphalt pavement, timely repairs don’t cost a lot and help you avoid significant asphalt resurfacing and replacement for a long time.

So how should you go about developing an asphalt paving budget? Here are five tips to help you get started.

1. Determine the Damages

New asphalt pavement can last nearly two decades with ongoing maintenance and repairs. However, there comes a time when repairing the pavement is no longer feasible, and replacing is the only option. So, the first step in creating an asphalt budget is to determine the extent of the damage. Determine whether your pavement requires minor repairs, major construction work, or a complete overhaul. Of course, if you just had a new pavement installed, you can start saving for the future and plan for other projects. 

2. Consider the Age of the Pavement

This follows from the previous point. The asphalt pavement has a life cycle, and you need to know the current age of your parking lot or driveway. You can expect no significant repairs in the first five to ten years. However, if the pavement is more than 15 years old, it is better to consider a replacement. So, keep your pavement’s age in mind while developing your budget. 

3. Measure the Damage

The extent of damage to an asphalt pavement determines the amount of maintenance required. This is especially true for commercial parking lots, as they experience a high volume of daily traffic. Sometimes, specific parking areas are more damaged than others, such as loading/docking areas, and they may require replacement sooner.

4. Check the Crack Size

Cracks smaller than an inch deep can be repaired quickly and cheaply without resorting to a complete replacement project. Filling the cracks and sealing the surface prevent cracks from expanding, especially during the freeze-thaw cycle, while keeping the surface smooth and shiny.

5. Calculate the Time Required for Maintenance

Finally, an asphalt pavement budget is not just limited to the cost of repairs. You also have to factor in the time needed for maintenance. Whether it is a commercial or residential property, repair work can restrict access to the property and cause inconvenience to residents, tenants, employees, customers, etc. You can find a paving contractor that offers maintenance services during off-hours, but they may charge more. 

These five tips will help you better prepare financially to keep your asphalt pavement in good condition. You can always reach out to C&J Construction in Bolingbrook, IL, for premium asphalt paving and patching services.

Get an estimate or learn more about professional asphalt maintenance and its costs.