There are many reasons why you might decide that it’s time to pave a driveway.
Paving a driveway makes your property look more attractive, increasing its curb appeal, and keeps the resale value nice and high too — it will even make your winters less troublesome!
However, you might not know just how much it costs to pave a driveway. It depends on a few different factors, and we’ll explain everything below. Just keep reading to find out all you need to know about driveway paving cost.
Cost of Asphalt Paving vs Concrete Paving
Asphalt and concrete are probably the two most popular types of driveway around. They’re both similar, made up of sand and stone with a gravel base, but there are some differences too — one of which is the cost.
The cost of asphalt paving is generally less than the cost of concrete. When laying asphalt, it’s likely to set you back around two to five dollars per square foot, so a 450 square foot driveway could cost you up to $2,250.
In comparison, a concrete driveway of the same size could cost over $5,000. However, asphalt has a shorter lifespan than concrete and tends to require more maintenance, so there are pros and cons to both types of paving.
This applies more to asphalt paving, but is worth bearing in mind regardless of the type of driveway you choose.
The overall lifespan of an asphalt driveway is about twenty years altogether, but it’s likely to need maintenance once every few years. Replacing your driveway would probably cost you about $3-4 per square foot, while resurfacing is the cheaper option, setting you back by one or two dollars per square foot instead.
When it comes to driveway paving, there are other factors to bear in mind as well as just whether you choose asphalt or concrete.
Of course, the size of your driveway will have a big impact on the price, as will transport costs and the number of coats. Using asphalt as an example, two base coats minimum are required, along with a top coat and perhaps also a sealant — these all cost money.
If you have an older driveway you’re likely to see an increase in cost too, as building codes for base thickness have changed over time. If your driveway’s oddly-shaped or on a slope, that’s also likely to boost the cost up.
You might need to remove trees or stumps or reroute a drain. Again, these will all add more to the overall cost of the driveway.
Pave a Driveway Today
As you can see, there’s no easy answer when you want to know how much it costs to pave a driveway. There are so many different factors that you’d need to weigh up, but our guide should give you an idea of how much you might end up spending so you can get the ball rolling!
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