Installing a new asphalt driveway is a great way to enhance the overall look of your property, improve curb appeal and boost the value of your home. One of the biggest perks of using asphalt to pave your driveway is that it’s an extremely affordable material that can offer a significant return on your initial investment – especially if you work to follow proper maintenance protocols.
Before starting a major project like driveway construction, the majority of NJ homeowners want to know what they should expect in terms of the price.
Foot for foot and pound for pound, how much is an asphalt driveway going to cost you, and how can you get the most bang for your buck? We’ve found that there are a few different factors that can influence the price and value of an asphalt-paved driveway.
Factors that Impact Asphalt Costs
When determining how much your asphalt driveway will cost you per square foot, you’ll need to consider that there are several different factors which can affect the price of the material and construction process:
Scope & Size
The size of your driveway will play a significant role in determining your expenses. A long, wide driveway will require more material, time and labor to install than a shorter path. In addition to affecting the initial construction costs, you should also consider that a larger area will require you to spend more on maintenance materials in the long term.
Your Asphalt Supplier
The asphalt manufacturer can also impact the price of your asphalt driveway. Unless you’re buying directly from a company that operates its own asphalt plant, you could end up paying more money than is necessary on the material, while also sacrificing quality. This is because suppliers who do not operate their own asphalt plants cannot control the quality of their aggregates or offer them to you at wholesale prices.
You’ll also want to think about where the manufacturer/supplier is located in relation to your project. It’s always a good idea to buy locally, as it will result in the lowest transportation costs.
Your Asphalt Driveway Contractor
If you’re planning to go the do-it-yourself path, you will need to plan ahead for extra costs like equipment rentals and specialized tools. If you’re hiring a contractor, you’ll not only want to consider the proposed price to construct your driveway but the company’s reputation.
Paying a lower amount for a poorly done asphalt job will ultimately end up costing you more money than if you had done your research and sought out a company with a great reputation. Make sure to inquire as to where they are purchasing their asphalt from, as you want to ensure you are getting the best quality product available.
With proper construction techniques, you can expect that your driveway will last longer and will give you fewer issues in the long run.
Planning Out the Cost of Your Asphalt Driveway
When thinking about the amount of money that your asphalt will cost you per square foot, you shouldn’t just limit your budget to the initial cost to install the driveway. For a more accurate cost analysis, you’ll also need to also plan for the future. We recommend considering:
- How much maintenance will cost you over the next several years?
- How long will your asphalt driveway last?
- If you can conduct maintenance yourself or if you will need to hire someone.
In other words, you need to give some consideration to the return that you’ll get on your investment.
Asphalt driveways are known for their longevity and durability. When asphalt is properly installed and maintained, it can last for 30+ years. When you think about how much money this saves you, in the long run, this significantly reduces the actual amount of money that you’re driveway will cost you per square foot.
In order to preserve your driveway’s integrity, you’ll need to seal coat the surface after installation (within the first year), and at least once every other year after that.
Keeping Your Driveway Costs Reasonable
We recommend inspecting your driveway from time to time for any hairline fractures, fissures or cracking. If you let these things go and don’t treat them right away, they could develop into much bigger problems down the road.
When moisture is able to penetrate into these cracks, weak areas of the driveway can be created, and the problem spots may actually grow in size, eventually leading to major cracks and potholes. As soon as you notice a crack, you should purchase an asphalt patch or crack sealing material to stop the problem at its source.
Sealcoating your driveway on a regular basis is the best way to minimize the likelihood of cracks while also protecting your asphalt driveway from moisture and harmful effects from the sun’s UV rays. Doing so can actually double the driveway’s lifespan.