Is your parking lot crumbling, fading, or full of potholes? You may be worried about how you are going to fit that repair or replacement into this year’s budget. You need to establish a realistic parking lot maintenance budget and your budget considerations will vary based on whether you are interested in a new surface or if you just need to add an asphalt maintenance plan. We have a few suggestions to get you started on your next paving project…

What To Consider If You Require a New Asphalt Surface

  • Lifetime Expectancy – Because of advancements in pavement technologies, asphalt has an extremely long lifespan. In fact, the average Lifespan of Asphalt pavement is 15-20 years with regular, preventative maintenance. In the first 5 years, your asphalt will begin to show the first signs of cracking
  • A Reputable Contractor – Make sure you consider your time as you shop around for a contractor. Take a look at online reviews, whether they are licensed, insured, and bonded. Another question you should ask is about their team and their equipment which needs to be sufficient for your project needs. Do not waste your time on contractors who will not be available to maintain your new asphalt pavement.
  • The Proposal – Some might think that apples and apples are always being compared when evaluating a proposal, even when specifications are the same. However, there are many things that add value to a proposal that can’t been seen on paper. Make sure your contractor can return phone calls in a timely fashion. Consider the difference in the quality of work and the longevity of your pavement when reviewing your bids and contact .

What To Consider If Your Asphalt Surface Needs Repair

  • Regular Maintenance Will Save You Money – Long-term maintenance is a must if you hope to get the most use and value from your asphalt driveway. You should eyeball the surface on a regular basis to look out for any hairline cracks or fissures. Even seemingly small problem areas can grow if ignored. Any issues should be patched up and remedied immediately. When you understand what goes into the pricing of an asphalt driveway, you can make smart decisions that will help you to save money in the long run.
  • Sealcoating is Essential – Within 6 months of the driveway’s installation, you should have your driveway professionally sealed. Sealed driveways are far less susceptible to damages from moisture that can lead to cracking and pot holes. After the initial sealing, your driveway should then be re-sealed every 1-2 years. This will greatly extend the life of your drive, giving you the most value for your dollar. Sealing also makes your parking lot easier to clean.
  • Crack-filling – Crack filling reduces water penetration and damage. crack repair procedures can double the life of most asphalt pavements. A surface, which is five to ten years old, will usually need a ton of sealant per lane mile and will last up to ten years. Cracks will allow moisture to penetrate the pavement and weaken the sub-base. If left untreated, cracks can quickly spread to adjacent areas and worsen with heavy traffic loads.

General Budget Planning Tips

  • Budget for a major restoration of well traveled areas every 10 years.
  • If you have tenants or customers you may consider repairing your parking lot in a 1-2 year window. This will ensure that your repairs will not interrupt your tenants or customers.
  • Always plan for preventative maintenance to keep your asphalt pavement looking its best.

Working with an experienced contractor can help you understand the time frame of repairs and the life expectancy of your asphalt surface. This will help you create a realistic budget to meet your needs.

Contact us (513-931-7283) for a free consultation!


Arrow Blacktop offers reliable asphalt and paving services to commercial and residential customers in Greater Cincinnati. We work to exceed expectations on every job we undertake. Whether your project is small or large in scale, Arrow Blacktop can help!
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