How Much Does Installation of an Asphalt Driveway Cost?

An asphalt driveway is a cheaper alternative to a concrete one. The cost is calculated based on the square foot of construction. The cost per square foot charged varies from one company to another. On average, it is between $2.00 and $5.00 per square foot. However, when considering the cost, future repair and maintenance charges should also be taken into consideration. There are various online calculators available that you can check out to understand the cost you will incur to install a driveway.

Cost of installing an asphalt driveway

Some contractors charge around $720 to $1,800 for installing a standard-size residential driveway. This is essentially a two-car driveway that measures 20 feet long and 18 wide. If a plain driveway of the same specifications is opted for in concrete, the cost will be between $1,080 and $3,300. It is worth noting here that there are contractors who charge around $2,300 as the basic installation cost.

However, if a customized version of a driveway is chosen with a stamped pattern like stones or bricks, the cost per square foot increases by $3.00 to $9.00 depending on the design.  An asphalt driveway cost can range anywhere between $1,080 and $3,040 for installing a two-car standard-size driveway.

Driveway replacement cost

Replacing an old driveway with a new one can be more expensive than getting a new one installed for the first time. Some contractors charge as much as $5,000 on an average for this replacement. This is because the replacement process is more laborious and time-consuming than new construction. Replacing involves ripping out the old driveway and hauling it to make way for the new installation.

What are the other factors involved?

There are various other factors involved in the installation of a driveway. Some major parameters are the length, width and depth of the driveway. Other aspects include the quality of material used and location.

Labor cost is another vital aspect that goes into the overall cost. This cost is usually taken into account on an hourly basis and ranges from $40 to $55 per hour. The variation is mainly because the labor rates tend to differ from state to state across the country. It may be possible to get labor at a reduced rate if you know someone in this business.

It is worth noting that almost all contractors give their quotes or estimates on a square foot basis. However, there are a few of them who prefer to charge by the ton. In such cases, the cost for a ton ranges anywhere between $100 and $150. Another point to be kept in mind is that there are contractors who have a minimum charge for small-size asphalt driveways. This is because the equipment used for installation will be the same irrespective of the size.

Thus, the equipment charges would be the same to install a 500 square foot driveway or a 700 square foot driveway. If you are looking for a contractor to help with installing an asphalt driveway in Plano, Texas, Skye Asphalt is a reputed company you can trust. Call Us @ (469) 251-5892

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