When installed properly the asphalt paving cost per square foot is an excellent investment that quickly adds to the resale value of your home. Your home’s driveway is not only a necessary part of the outside of your home, but a beautifully done parking pad improves your home’s curb appeal. Installing an asphalt driveway is cost effective and, with regular care, will last for years.
There are two main types of driveway material: asphalt and concrete. Many homeowners choose asphalt not only because the finished product looks nice, but the asphalt paving cost estimate is considerably cheaper than a cement driving pad.
Other benefits of installing an asphalt driveway include:
- Ready to use within a few hours after installation
- Durability
- Aesthetics
- Easy to maintain
- Easy to repair
- Materials are recyclable
- Cold temperature resistant
- Versatile
- Does not stain easily
On average, asphalt paving cost estimate between $2,800.00 to $6,500.00. While you can buy do-it-yourself products from your local hardware store, these materials are made for short term use only. They should only be used as a temporary fix while you are looking for a qualified professional company to install your asphalt driveway.
Before hiring any company to repair or replace your asphalt driveway, do your research, and get at least three quotes before hiring a contractor.
There are many factors that affect the asphalt paving costs per square foot including:
Size and Shape
Asphalt paving costs per square foot range between $2.50 to $4.00 per square foot. The bigger your driveway the more materials will be needed. Uniquely shaped driveways require more work to cover than straightforward parking spaces.
Other factors that affect pricing include thickness of the asphalt layer installed. Homeowners can get 5 cm (2 inch) or 10 cm (4 inch) of asphalt on their driveways. The thicker driving path requires more materials which also affect the asphalt paving costs estimate.
Cost of Materials
Asphalt is made primarily of sand, gravel, stone, crude oil, and other sediments. On average, the asphalt paving costs estimate for materials ranges between $100 to $200 per tonne. One ton covers between 40 to 80 square feet. Average driveway requires 7.5 to 15 tonnes of asphalt.
Asphalt paving costs per square foot depend on the cost for manufactures to produce asphalt. For example, when petroleum prices increase, it costs manufacturers more to produce asphalt so the price for consumers also increases.
New vs Recyclable
Asphalt is 100 percent recyclable so less resources are used and lowering carbon footprint by making less. Better for the environment. Many companies now use recycled asphalt for the base layer. Recycled asphalt is up to 80 percent cheaper than new asphalt so the asphalt paving costs per square foot are much lower. On average, recycled asphalt costs per square foot are $10.00 to $20.00 per square foot, a considerable savings for home owners.
Labour costs
Most contractors charge between $12.00 to $17.00 per square foot to install an asphalt driveway. However, there are some factors that could increase the asphalt paving labour cost estimate. For example, if the company has to excavate your driveway first, it could cost you up to $5,100.00 more depending on the size of your driveway. Adding drainage lines, difficult to get to locations, regional price variations, and required permits will also increase the labour costs. Always do your research before hiring an asphalt company to work on your driveway. At VIP Paving, we have over 20 years experience installing asphalt on commercial and residential driveways.
Repair or Replace
Once an asphalt driveway is installed, it can last up to 30 years with proper maintenance. Many issues with the driveway can be easily repaired. This will not only extend the life of your driveway but lower the estimated asphalt paving cost per square foot. Many cracks and small holes can be easily patched or resurfaced, significantly lowering the asphalt paving cost estimate. Talking to an expert about all your options before approving the work could save you thousands in replacement costs.
Asphalt driveways add to the aesthetic appeal of your home. They are easy to install and maintain, making them a preferred choice material for residential and commercial driveways. The asphalt paving cost per square foot costs on average 50 percent less than concrete cement driveways.
At VIP Paving, we provide free asphalt paving cost estimates to homeowners so you know exactly how much the work will cost before we even begin. We guarantee superior and professional service on all our asphalt install and repair jobs.
