Royal Pavement Solutions


2023 Asphalt Paving Budget Planning For Property Owners

Most business owners understand how critical it is to offer a safe, attractive parking lot. Potholes, depressions, and major cracks are unsightly but can also be hazardous. Furthermore, they endanger the health of your pavement, so it will have a shorter life and require more repairs during its abbreviated existence. Therefore, you must budget properly to provide your pavement with the care it needs. If you find it difficult to plan your asphalt paving budget, the following pointers are beneficial:

What Should an Asphalt Paving Budget Include?

Your budget should include routine parking lot maintenance and repairs. Since you will not need every procedure yearly, including a reserve account for those items would be nice. For example, if you only need a policy every two years, you could budget for half its cost each year.

What Routine Maintenance Procedures Should I Include in My  Paving Budget?

As every Long Island paving company knows, only some universal standards suit some pavements. Your pavement’s age, condition, past care, and use are major factors that a paving contractor will consider before making recommendations. That said, a paving contractor on Long Island will typically recommend the following parking lot maintenance procedures.

1. Asphalt seal coating is essential to protecting your pavement from damage.

 Sealcoating prevents damage from the sun’s UV rays and helps prevent damage from automotive fluids. It also makes your pavement more resistant to water infiltration. Furthermore, seal coating provides cosmetic benefits that make your pavement more attractive. Asphalt professionals usually recommend seal coating Long Island pavements every two years after an initial application during the pavement’s first year.

2. Crack repairs are vital to prevent water infiltration and additional damage. 

Water infiltration can lead to a weakened, destabilized foundation that can be expensive to repair. In addition, cracks typically continue to grow until you fix them. As they expand, they can spawn additional cracks as well as potholes. Budget for routine crack repairs every spring and autumn. Consider setting aside some extra funds for emergency crack repairs in other seasons.

3. Parking lot striping is an important part of your routine maintenance. 

Professional striping enhances safety, helps you comply with the ADA, and improves curb appeal. Most parking lots on Long Island need striping about every two years. You will also need fresh striping and marking after seal coating.

4. Depending on your parking lot, you may need to include replacing damaged signs and wheel stops in your budget.

5. Sweeping your parking lot can help keep it a safe, welcoming environment, but it can also help protect your pavement’s health. 

Piles of debris can trap moisture that could find its way into your pavement’s structure. Furthermore, the humidity could freeze inside the pores of your asphalt and inflict damage. How frequently you need parking lot sweeping will depend on factors unique to your business.

6. Asphalt resurfacing is when a paving contractor grinds away part of an existing pavement and then replaces it. 

Your paving contractor can resurface or just part of your pavement. Most asphalt pavements only require resurfacing every 12 to 15 years, but your schedule could vary. So, you’ll need to ask your Long Island paving company for a more precise estimate.

If you need help planning your budget, feel free to ask the experts at Royal Pavement Solutions. We are the asphalt paving company Long Island businesses trust for superior work and exemplary service at competitive rates. Our services include asphalt seal coating, sweeping and portering, parking lot maintenance, concrete flatwork, asphalt repairs, site work, asphalt milling, building maintenance, asphalt paving, asphalt resurfacing, and asphalt crack sealing. We have the skills, experience, knowledge, staffing, and tools to handle jobs of all types and sizes. If you would like to request a free job quote, complete our online form. If you prefer, you can call us at 844-777-7924, or you can send an email to

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