5 Asphalt Paving Budgeting Tips For Property Owners

5 Asphalt Paving Budgeting Tips For Property Owners

Do you own or manage property in Tampa, Florida? If yes, you must have some amount of pavement to take care of. 

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

At Resource Pavement Group, we always encourage our clients to maintain an asphalt maintenance budget. Luckily with asphalt pavement, timely repairs don’t cost a lot and help you avoid major expenses of resurfacing and replacement for a long time. Click here to learn about our asphalt repair services.

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

1. Determine The Damage

New asphalt pavement can last you nearly two decades with ongoing maintenance and repairs. However, there comes a time when repairing the pavement no longer makes sense, and replacing is the better option. So the first step for creating an asphalt budget is to determine the extent of the damage. Does your asphalt require 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

This follows from the previous point. The asphalt pavement has a life cycle, and you need to know at what stage your parking lot or driveway is. Generally, you can expect no significant repairs in the first five to ten years. But if the pavement is more than 15 years old, it is better to consider a replacement. So develop your budget considering the age of your pavement. 

3. Measure The Damage

Moving on, the extent of damage on an asphalt pavement determines the amount of maintenance needed. This is especially true for commercial parking lots, as they experience high amounts of daily traffic. Sometimes, particular parking areas are damaged more than others, such as loading/docking areas, and they may require replacement sooner.

4. Check The Crack Size

Cracks less than an inch deep can be repaired easily and cheaply as compared to a complete replacement project. Filling the cracks and sealing the surface regularly prevents cracks from expanding, especially during the freeze-thaw cycle in Tampa, Florida, while keeping the surface smooth and shiny. You can click here to get a free quote on crack filling and sealcoating to ensure accuracy in your budget.

5. Calculate Time

Finally, an asphalt budget goes beyond 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 in off-hours, but they may charge more. 

So that’s about it! These five tips will help you better prepare financially to keep your asphalt pavement in good condition. And you can always reach out to Resource Pavement Group to learn more about professional asphalt maintenance and its costs.