If your home is in need of a new driveway, you may be worried about the cost. While investing in a new driveway is not a small cost, if you choose asphalt, you can save significantly. These driveways are significantly cheaper than concrete, around 1/3 the cost depending on your installer, and are designed to last around 15 years with proper maintenance. Still, you may find yourself asking, “How much does a good quality asphalt driveway cost?” Here’s what you need to know.
Factors That Impact Asphalt Driveway Cost
While you can get an estimate for average costs for asphalt driveways, the truth is that these are just averages. The reality is that the size and condition of your driveway, as well as your location, are going to dictate quite a bit about its cost. Here are some of the variables that impact the cost:
• Type and condition of existing driveway. If you need your existing driveway removed and hauled away, or if you’re building on grass, you can expect more cost than if you simply are resurfacing an existing drive.
• Type and condition of substrate. The condition of the layer underneath the driveway will dictate what it costs to install a new one.
• Size of the driveway. Driveways are typically priced by square foot, so the larger your driveway, the more it will cost.
• The contractor you choose. Don’t cut corners here, as you want a quality contractor for your driveway, but a quality contractor may cost more than a novice.
• The extras you choose. Do you want berms around the edges, storm drains, French drains or sports courts? These add to the costs of your driveway.
As you can see, you have a number of variables that must be considered when determining the cost of the driveway. While you may not want to spend extra on some of these services, remember that the most important factor is getting good value and a long lifespan out of the money you do spend. Try not to cut corners on quality or the features you really need for a functional driveway.
Varied Prices Require Multiple Estimates
Asphalt driveway cost can vary significantly from one contractor to another. For that reason, you may want to ask for three estimates before choosing a contractor. Keep in mind that you need to see what services are included in the estimate before making a choice, so you are comparing similar services.
In general, the average price across the country for an asphalt driveway is around $5,300. This breaks down to an average per square foot between $3.50 and $4.50. Sometimes contractors charge by the ton, in which case you can expect to pay between $100 and $150 per ton.
Investing in an asphalt driveway is a wise choice. Compare contractors and prices carefully, then choose one that offers quality service and a good price.