Asphalt repair & maintenance is not something you should ignore. Commercial properties rely on smooth, safe, and well-maintained asphalt surfaces, such as parking lots, to serve customers and support everyday operations.
The last thing you want to do is allow your pavement to deteriorate. Having a budget for routine asphalt repairs and ongoing maintenance goes a long way. But how do you develop a budget that meets your property’s needs?
What Factors Determine How Much I Should Budget for Asphalt Repair & Maintenance?
Every asphalt surface is different. Local asphalt repair and maintenance needs can vary wildly. Here are a few things to consider when determining how much care your pavement might need.
•Age: As asphalt ages, its needs change. Newer parking lots will need little attention in their first few years. However, surfaces approaching the end of their life will require significantly more asphalt repairs and maintenance. Needs evolve, and asphalt repair companies typically recommend allocating more funds in your budget as your asphalt gets older.
•Overall Condition: The overall state of your asphalt also matters. Is your pavement brand-new, or are you budgeting after years of neglect? Surfaces in poor condition will require more attention from asphalt repair contractors.
•Exposure: Is your pavement open to the sun and rain? Does it receive substantial shade, or are there structures to keep it safe from the elements? Exposure takes a toll, and asphalt surfaces are at the whims of Mother Nature. Pavement with no protection will likely require more asphalt repairs and maintenance than covered surfaces.
•Traffic Volume: Daily wear and tear can also change your pavement’s needs. High-traffic surfaces will require more frequent local asphalt repair and stricter maintenance.
What Types of Asphalt Repairs and Maintenance Services Do I Need to Cover?
Your asphalt repair and maintenance budget should cover a wide range of services. These include:
•Regular Cleaning: Asphalt surfaces need regular sweeping and occasional washing. Otherwise, dirt and grime can accelerate deterioration.
•Asphalt Repair Work: When damage occurs, you must hire asphalt repair contractors as soon as possible. Lincoln asphalt repair companies can use techniques such as patching to mend damage and eliminate potential safety concerns.
•Crack Sealing: Cracks will develop throughout your pavement’s life. Filling and sealing prevent cracks from spreading and keep water out of your pavement’s foundation.
•Sealcoating: Sealcoating forms a protective barrier over asphalt to shield it from rain, harsh UV rays, oil, chemicals, and more. Asphalt repair companies recommend sealcoating every few years, depending on the age of your pavement.
•Striping: Stripes and pavement markings will fade over time, putting safety and efficiency at risk. Local asphalt repair and maintenance contractors should refresh paint regularly to maintain visibility.
Should I Have Contingency Funds in My Asphalt Repair & Maintenance Budget?
Even with a rock-solid budget, surprises can lead to financial strain. Damage can occur unexpectedly at any time. While you can budget for asphalt repair work, it’s wise to have a contingency fund to cover your bases.
Asphalt repair companies recommend setting aside an additional 5 to 20 percent for unexpected repairs. If your pavement is newer and in good condition, a smaller contingency fund is all you need. However, older surfaces may benefit from a larger fund to cover the worst-case scenarios.
How Can Lincoln Asphalt Repair Companies Help Develop a Budget?
The best thing you can do when developing an asphalt repair & maintenance budget is to work closely with asphalt repair contractors. The best contractors will perform a thorough assessment of your pavement and provide ongoing inspections.
During inspections, experts will look for early signs of trouble while noting the overall condition of your pavement. They’ll use their findings to make service recommendations and empower you to budget accordingly.
PK Commercial Services is eager to be your partner in all things asphalt repair and maintenance. We aim to be one of the best Lincoln asphalt repair companies that property owners and managers can count on. Our team is dedicated to your satisfaction and works hard to ensure that your pavement is beautiful, protected, and reliable.
We offer a range of services, including parking lot striping, sealcoating, repairs, and more. Ready to learn more about what we can do for your property? Call PK Commercial Services at (402) 791-6342, use our online form, or email phil@pkcommercialservices.com to get your complimentary project quote.
