The Economics of Asphalt: Why It Makes “Cents” for Your Driveway

January 2025

The Economics of Asphalt: Why It Makes “Cents” for Your Driveway

When it comes to your driveway, the choice between materials goes beyond just aesthetics. Asphalt, often overshadowed by its concrete counterpart, offers a compelling economic argument that might just pave the way to your next driveway decision. Let’s break down the positive economics of choosing asphalt:

1. Lower Initial Investment:

  • Budget-friendly installation: Asphalt generally boasts a lower initial cost per square foot compared to concrete. This makes it an attractive option for homeowners looking for a durable driveway without breaking the bank.
  • Faster installation: Asphalt installation is typically quicker than concrete. This translates to lower labor costs and less disruption to your daily routine.

2. Maintenance that Makes “Cents”

  • Easy on the wallet: Asphalt requires less maintenance compared to concrete. Minor cracks and imperfections can often be addressed with simple DIY sealcoating, saving you money on professional repairs.
  • Long-term value: With proper care, an asphalt driveway can last for decades. Periodic sealcoating, and eventually a new overlay, protects the surface from the elements, extending its lifespan and maximizing your return on investment.

3. Beyond the Driveway: Economic Ripple Effects

  • Boosting curb appeal: A well-maintained asphalt driveway enhances your home’s aesthetic appeal, potentially increasing its market value.
  • Community benefits: Asphalt production often utilizes recycled materials, contributing to a more sustainable and eco-friendly community.

4. Factors Influencing Asphalt Costs:

While asphalt generally offers a cost-effective solution, it’s essential to consider these factors that can influence the final price tag:

  • Oil prices: Asphalt is a petroleum product, so fluctuations in oil prices can affect its cost.
  • Local labor costs: Installation costs can vary depending on your region and the complexity of the project.
  • Accessibility: Driveway size, shape, and accessibility can impact labor and material requirements.

Asphalt presents a compelling economic case for homeowners seeking a durable, low-maintenance, and aesthetically pleasing driveway. Its lower initial cost, combined with manageable upkeep expenses, makes it a financially sound choice. By understanding the factors that influence asphalt pricing and prioritizing proper maintenance, you can maximize the long-term value and enjoyment of your asphalt driveway.

Remember, Bradley Asphalt has been caring for clients in Denver, the foothills and surrounding areas since the 1980s, so you can trust us to help you make the best decision for your home.

Call to chat: Cell (303) 947-7484