Our team at Encore Pavement, an expert asphalt paving company in Wichita, Kansas, understands that managing multiple properties can be time-consuming and costly if not done properly. While the average lifespan of a parking lot is anywhere between 15 and 20 years, there are many efforts you can take to extend the life of your pavement and minimize long-term paving costs. Check out our expert tips for managing your pavement budget below!
Avoid Being Reactive
Through proper preventative maintenance efforts, the life of your parking lot can be significantly extended, allowing you to focus on prioritizing projects based on needs. Planning ahead and being proactive with your maintenance plan rather than reacting once a problem has arisen will help you create and stick to your budget, saving you money on more extensive projects resulting from poor upkeep. While you may feel like you’re initially saving money, avoiding regular maintenance will ultimately result in costly future repairs.
Consolidate Your Services
If you haven’t consolidated your pavement services into one asphalt paving company, now is the perfect time! When you partner with one company for all of your maintenance services, not only will you save money, but you can save significant time on your end, as there is only one point of contact for all properties. At Encore Pavement, a trusted asphalt paving company in Wichita, our experts recommend partnering with a full-service paving company to provide you with accurate project scopes and cost projections while completing work quickly and efficiently.
Budget for Future Projects
Regardless of the current state of your asphalt pavement or how effective your maintenance plan is, you can always count on unexpected damage to occur. This is why it’s beneficial to develop a comprehensive budget while keeping all possible unforeseen expenses in mind. Plan your budget for the upcoming three to five years; this way, when larger projects arise, you are already well-prepared and are able to implement the necessary repairs quickly!
