Installing asphalt, either commercial or residential, is a great decision! Not only does asphalt improve drivability, but it also looks great and is a sure way to increase curb appeal. However, those interested in having an asphalt paving project completed can often find themselves confused about the cost. So how much does asphalt paving cost?
This is due to the fact that there are several aspects that can affect the cost of a paving project such as material, size, labor, etc. That being said, there are still several general estimates which can help narrow down the final cost of a project before it’s completed. How much does asphalt paving cost? Here’s what you need to know.
The Cost
Asphalt paving is affordable, and you can typically expect to pay around $3-$4 per square foot. Contrast his with around $6 per square foot for concrete, and you can see that asphalt paving is by far the more affordable option.
Often, large projects will receive a discounted price, saving you money. For instance, an average-sized driveway generally can be paved for around $4,000-$6,000, whereas a parking lot project would likely cost much more. However, large projects can include deals for other labor such as ripping out pre-existing asphalt or concrete and hauling it away.
Since this figure is a general estimate, it’s always best to contact an asphalt paving company directly and ask them for a quote. This will provide you with the most accurate number and help you prepare to complete your asphalt paving project in a timely and affordable manner.
Other Factors
While you can call for a quote, or do the math yourself, it’s important to remember that there are several factors that can affect your asphalt paving cost. Remembering these items will help you avoid unnecessary or unexpected charges later on.
Excavation
Contractors can’t just dump asphalt wherever you want. They need to excavate the area. Removing obstacles and leveling the ground will help the asphalt sit evenly, causing it to last longer and remain solid over the years.
Foundation
Once an area has been excavated, a foundation needs to be laid. This is typically done by laying 8”-10” of gravel rock down on the area. Cost of this labor and material can range from $1-$3 depending on the company and type of gravel.
Transportation
This is often overlooked by individuals wanting to have their driveways or parking lots repaved. Asphalt companies often charge based on the distance they need to travel to get to the “job site”. Asphalt contractors utilize heavy machinery and transporting that from one location to another isn’t as simple as running to the store. Preparation and costs must be considered and often the client will be charged at least part of the cost of transportation. So always try to find a paving company near you.
Materials
Just as the gravel you use will affect the cost, so will the type of asphalt you use. There are several different types of asphalt, each with its own unique advantages and disadvantages. Speak with your contractor ahead of time to help determine which asphalt is best suited for your needs.
While this list is not exhaustive, it does illustrate how quickly your asphalt paving cost can change based on the various factors involved. In order to get the most accurate number possible, contact an asphalt paving company today to get an accurate estimate on your paving project!
Have More Questions?
You can count on Walt’s Paving to complete your residential or commercial paving project in an efficient and timely manner. We have over 40 years of experience paving asphalt driveways, making asphalt repairs, and seal coating asphalt. We are located in Osceola IN and service homeowners and businesses within 50 miles of Elkhart IN. If you have any further questions regarding our services, do not hesitate to contact us today.
