Asphalt Paving Budget Tips for Property Managers

July 29, 2019 3:10 pm Published by Leave your thoughts

Property managers seem to have a never-ending to-do list at all times. If fixing your parking lot is on that list, we understand why you might be pushing it to the backburner! Sticking to a budget when you’re repaving is no easy task. Luckily, there are some simple tricks you can use to keep your paving project on budget.

Budget Ahead

One way to stay on budget is by preparing for the paving before it needs to be done. Generally, you’ll need to have paving done once every 10 years. Set aside a small budget the other 9 years for repairs to the pavement. The worse the pavement is when it’s time for the bigger the job, the more expensive it will be! 

Split Up the Project

If you just can’t find the extra money in the budget for asphalt paving, don’t panic. Talk with your contractor about splitting the project up over 2 years, instead of doing it all at once. Splitting up the project also works to leave usable space for your tenants. When the entire parking lot is inaccessible at one time, it’s a very big inconvenience. 

Invest in Seal Coating

In addition to your regular maintenance, it’s a good idea to invest in seal coating every 2-3 years. Seal coating helps to extend the life of your pavement by protecting it from harsh weather conditions. It also makes the asphalt easier to clean, which makes your job easier!

Cheaper isn’t Always Better

When you decide you’re ready to get new asphalt paving, it’s tempting to go with the lowest price on the market. As many people learn the hard way, that’s a big mistake! Contractors working for rates that seem too good to be true are typically using unreliable materials and equipment. You’ll be stuck waiting on them to finish the job on their terms and schedule, inconveniencing your tenants even more. A reputable contractor should be able to provide you with a firm timeline for the project. Ask for a list of references and read some reviews online for yourself too! 

Contact Cooper Bros Paving

There is no way around the fact that new asphalt paving will be a hit to your budget, but there are plenty of ways to ensure you aren’t spending more than you need to. Don’t be afraid to ask questions, meet with multiple contractors, and take your time with the project! You’ll be looking at this pavement for years to come. Cooper Bros Asphalt Paving has been a reputable asphalt paving contractor in the Middlesex Count for more than 40 years, serving both residential and commercial clients. Our family-owned business offers competitive pricing, to ensure you’re getting the best price possible. To request a quote, get in contact with us today! 

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This post was written by bwm

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