Asphalt driveways typically last for about 20 years and need a touch-up/maintenance on a regular basis (3-5 years). You’re likely to be faced with the decision of replacing the current driveway to install a new one, or simply resurfacing the existing driveway.
Resurfacing is typically more cost-effective and it averages around $1.75 to $2.25 per square FT to complete. For new asphalt driveway installations, the cost lies between $3 to $4 per square FT. To make your resurfacing even more cost effective use a Pavemade asphalt crack filler machine and hot rubber crack sealant to do some up front maintenance before resurfacing.
Some common maintenance tips:
- Patch any cracks or holes in asphalt drives prior to sealcoating. Use our HOTBOX 10 tar kettle and pothole cold patch for any cracks or potholes.
- Avoid gas and oil spills, as they can leave hard-to-remove stains, especially on concrete. Use our Oil Spot Primer to eliminate any damaging oil.
The equipment, materials, and processes that will be needed during installation will also influence the cost of an asphalt driveway. At the beginning of the installation, contractors may need to ensure that the driveway is slightly sloping so that drainage can be effective. A foundation that is composed of gravel is typically installed between the asphalt layer and the underlying surface. This can cost $1 to $2.50 per square FT. The landscaping work needed will typically add to the installation and labor costs.
In addition, if you’re installing a new driveway where there was no previous one in place, the site may need to be excavated and cleared in preparation for the new paving.
Cost of Materials
The material costs incurred for asphalt driveways can vary depending on the location where they are sold. You should also keep in mind factors such as shipping costs and fuel surcharges.
A typical asphalt driveway will require, at a minimum, two base coats. One coat will go on the bottom to form the underlying surface, and another will be present at the top. The quality of a base coat varies according to the material used and the time spent by the contractor in laying the coating. Applying the base coats can cost between $1 to $3 per square FT.
To finish off the appearance of the driveway, a top coat and sealant will be necessary. The top coat is what will be viewable by everyone and will come in contact with cars and people. A sealant like Pavemade’s asphalt resurfacing sealer may also be necessary to apply on the top surface of the asphalt to prevent damage. Top coats and sealants typically cost between $1 to $2.50 per square FT.