It costs an average of $5,000.00 to substitute an old driveway and pave a new one. Repairing an asphalt-concrete driveway saves money, adds to your home’s curb appeal and improves its resale value. Pavemade has asphalt crack filler machines and hot tar rubber that will help you repair your private road for a fraction of the replacement cost.
With good maintenance practices an asphalt parkway can last as long as their cement-concrete counterpart, making them one of the most cost-effective options.The useful life of a bitumen driveway averages about 15 years. Lifetime depends on upkeep by sealcoating and use of a crack filling machine. Without attention maltenes in asphalt will oxidize and lead to cracking and raveling.
Contractors recommend that asphalt driveways need to be repaved within 15 to 25 years if not properly maintained. The price of a new asphalt-concrete driveway, including disposal or recycling of the old one, ranges from $3,000 to $5,000. Homeowners recently reported paying an average of $4,000. The price of a cement-concrete driveway, by comparison, is almost $7,500. Depending on all factors the range can be between $2,300 and $10,300.
Price calculations are made on a per square FT basis. The average price per square FT is in the range of $3.50 and $5.00. Paving contractors may charge by the metric ton, with the cost ranging from $100 to $150 per metric ton. Many contractors will have a minimum on average of $2,500 regardless for the size of the job, because the same amount of equipment needs to be employed. So, a 500-square-foot driveway may price the same as a 1000-square-foot driveway.
The variable cost is the required material cost, After the size is determined, the contractor will determine if there are any drainage or grading issues that need to be addressed, as well as any sub grade issues that the private road may have. Those are all factors when determining the final cost. With the right crack filling machine for asphalt crack repair and asphalt sealer from Pavemade you can repair your driveway at a cost of $1,500 . With timely and preventative maintenance you can extend the useful life of your investment.