Getting your driveway paved is a wonderful way of enhancing your property. Not only will it create curb appeal and reduce maintenance costs, but it can also have a significant impact on the value of your property.
The Average Cost for Paving a Driveway
There are a number of things you need to factor in when you look at costs; you need to keep each of them in mind when you decide to pave your driveway. However, to give you an average number, the cost of paving a driveway can range from $2000-$7000 or an estimated $5-$10 per square foot ($15-$20 for concrete) and more, depending on the material and other factors.
Factors Affecting the Cost of Paving Your Driveway
As mentioned earlier, there are several factors that weigh into your final costs. These include the following:
When choosing materials, you must keep in mind the quality, durability, and maintenance it may require in the long run. Or say, the location you will have it installed and, of course, whether or not it fits the aesthetic look of your home. Asphalt, concrete, brick, and chip seal are all very popular options. Some are better suited than others, depending on your unique needs.
Take the example of asphalt, which is best suited for projects that you may need to be wrapped up quickly; it is sustainable, environmentally friendly, and easy to work with. Asphalt paving costs just around $7-$13 per square foot. Concrete is also easy to install and is low maintenance. However, it can be a more costly option compared to asphalt, with prices ranging from $3-$18 per square foot.
Labor is one of the crucial factors when it comes to costs. In fact, nearly 50% of your expenses may account for the labor alone. Jobs that are more labor-intensive and time-consuming will ultimately cost you more. Let’s say that you need to redo your driveway instead of simply having a new one paved. This would require removing the old driveway and then installing, widening, and resurfacing as required. Any additional tasks your employed labor will need to take care of will add to your project costs.
The location of your driveway will also affect the cost of paving. While the national average ranges from $2000-$7000, some areas may charge higher or lower depending on the state. Your location will also certainly crosslink with the material used, asphalt being suited to cooler climates and concrete better suited to warm climates.
The next factor you must consider is permits and licensing revolving around your driveway. To get your driveway paved, you will need to apply for certain certifications from the state. Most areas may ask you to apply for a permit before you begin construction. Applying for these permits can be time-consuming and will increase your overall costs.
The size of your driveway will influence the final costs. If you have a standard rectangular driveway, it won’t cost as much, but if you have a larger driveway with circular edging, it will cost you more. Curbing your driveway, for example, will require extra labor and increase the thickness of your driveway, leading to a higher cost average.