Ways To Combat Rising Asphalt Prices

The cost of installing or replacing an asphalt driveway has increased dramatically over the past few years. Inflation, rising oil and fuel costs, and a myriad of other factors have contributed to this rise. Considering that most asphalt driveways last between 15 to 20 years, having an asphalt driveway is a fantastic choice, but how to make it friendly on your pocket now that the prices are rising like crazy?

How Rapidly Are Asphalt Prices Rising?

To understand how rapidly asphalt prices rise, consider that hot mix asphalt would cost a contractor on average about $95 a tonne last year. This year it has risen to around $150 a tonne.

Luckily, there are ways to combat rising asphalt prices! We will be going over some of the most effective ways you can reduce asphalt costs for your driveway.

How To Combat Rising Asphalt Prices?

1. Be Smart about When You Schedule Your Project

Most people like to wait out price hikes until they finally see a downturn, but current circumstances suggest that is unwise. If you’re planning on getting your driveway paved with asphalt, you should schedule your projects now.

Prices of asphalt are projected to continue increasing over time. Your hopes of saving money may cost you more in the long run. Instead, you should work on your asphalt driveway now while the prices are still manageable. By 2023, experts are predicting most people won’t be able to afford road or driveway paving projects entirely.

2. Don’t Wait Around for Repairs

Most asphalt driveways can develop cracks or deteriorate over time. To keep your driveway in good shape, you should have the repairs done as soon as you feel the need. To save costs, you should always have your repairs done at the start of the year, before winters come around.

Winter temperature paired with snow and ice can further damage your asphalt driveway. Moreover, paving your driveway in the winters will be even more costly on its own. This is why you should have your asphalte driveway done or repaired before the winter temperature sets in.

3. Stay Ahead of Maintenance

Remember how we mentioned that an asphalt paved driveway could last you between 15 to 20 years? These figures only apply to driveways that are kept well maintained. If you do not actively maintain your driveway, you’ll be replacing your entire driveway much sooner. This will cost you a lot more than simply tending to repairs and taking preventative measures.

For example, seal coating and crack sealing are two preventative measures that are crucial if you don’t want to have your asphalt replaced early.

• Seal Coating

Asphalt seal coating is used to prevent asphalt cracks from forming by adding a thin layer of liquid over to a paved surface. This layer will then protect it from damage caused by UV rays, snow and rain, oil spills, and other external effects. As a result, your asphalt driveway is much more durable and weather resistant and looks nicer too!

• Crack Sealing

Crack sealing is another excellent way of maintaining and extending the life of your asphalt driveway. Crack sealing uses a rubberized agent to seal cracks that have formed on the pavement surface. This sealant will prevent further moisture, water, or debris, from infiltrating the asphalt paving.

4. Get Multiple Quotes

The best way to save costs is to lay out all your options on the table. This means you have to do your research and choose a contractor that offers a more competitive price. Get as many quotes as you can and consider the costs of labour, transportation, landscape preparation, and other contributing factors; there are many ways you can save up costs for installing an asphalt driveway. You can then work with a reliable contractor that offers you a reasonable quote that fits your budget.

Lock In With A Professional Asphalt Paving Service Today, Contact BMC Paving!

If you have an asphalt driveway and it is starting to show cracks and signs of wear and tear, you should have it looked at by a professional immediately. As the asphalt costs are continuously rising, you can’t afford to let these issues exacerbate.

BMC Paving is a reliable and professional asphalt paving service provider, offering quality driveway maintenance and repair at a reasonable cost. If you are looking to wrap up your asphalt paving or repairs before the winter sets in, now’s the time. Contact BMC paving today!

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