If you’re considering paving a lot in South Carolina, considering the cost is top of mind! Parking lot paving costs in South Carolina can vary depending on the size of the parking lot, the type of material used, and the contractor you choose. Generally speaking, asphalt is less expensive than concrete, but other factors also come into play. Let’s look at parking lot paving cost factors and what may affect your bottom line.
Parking Lot Paving: An Investment in Your Organization
Whether you’re a retail business or a non-profit, parking spaces at your place of business can bring a level of comfort and accessibility. A new parking lot can also increase your property value and make an excellent first impression with customers or donors.
When looking at parking lot paving cost factors, it’s essential to consider your long-term investment. A parking lot that is well-maintained can last 20 years or more, while one that is not can need repairs in as little as five years.
Not only does regular maintenance help extend the life of your parking lot, but it also makes it look its best which can reflect well on your organization.
Asphalt vs. Concrete Parking Lot Paving Cost
One of the first decisions you’ll need to make when paving a parking lot is what type of material to use. The two most common options are asphalt and concrete. However, other materials are available, such as gravel or brick pavers.
Asphalt is typically less expensive than concrete, and if your organization keeps up with maintenance, it can sometimes last just as long as concrete. Contractors can also quickly repair any asphalt problems that crop up in the future, while concrete is more challenging to repair if it cracks or buckles.
Asphalt Parking Lot Paving Cost
Generally, you can expect to pay between $100 and $200 per ton for asphalt. However, in South Carolina, the price of asphalt is around $85 per ton, while in Colorado, the price is closer to $155 per ton.
The average cost to pave an asphalt parking lot in South Carolina is between $2.50 and $4.50 per square foot for materials and labor. (1) For a standard parking lot that is 200 spaces or 18,000 square feet with labor included, your total cost would be between $45,000 and $81,000. (2)
A few factors can affect the overall cost of an asphalt parking lot. The first is the size of the parking lot. A more considerable parking lot will require more materials and labor and be more expensive to pave.
The second factor is the type of asphalt used. Many kinds of asphalt exist, but a hot mix is crucial for an extensive project like a parking lot. It is more robust and lasts longer than a cold mix, so it’s worth the extra cost. The cold mix contains asphalt emulsion and cut-back asphalt and works only for temporary repairs because it does not spread as well as hot mix asphalt.
If you plan to have constant heavy machinery on your lot, you’ll need thicker and better quality asphalt than a church parking lot.
Overall, asphalt is a better buy than concrete because of its easy maintenance, quick and cheap repairs, and low installation cost. In addition, its deep black color is an excellent contrast to any signage and striping.
Concrete Parking Lot Paving Cost
The average cost to pave a concrete parking lot in South Carolina is between $4 to $7 per square foot for materials and labor. For a standard parking lot that is 200 spaces or 18,000 square feet, your total cost would be between $72,000 and $126,000.
Like asphalt parking lots, the size of the parking lot is the first factor affecting concrete paving costs. A more considerable parking lot will require more materials and labor and be more expensive to pave.
The second factor is the type of concrete used. Many types of concrete mix are available, so ask your contractor which one they recommend for your project. A higher-quality concrete mix is more expensive but may last longer.
Additional Cost Factors to Consider
Labor costs will also vary depending on the size and scope of the project. Parking lot paving is a complex job and requires specialized equipment and training. As such, it’s best to leave it to the professionals.
Talking with an experienced local asphalt company can help you see better the scope of your project, including whether you will need additional services, such as:
- Grading
- Leveling
- Removal of shrubs or other plant matter
- Drainage improvements such as vents where water can flow
- Curbing and wheel stops
- ADA signage requirements
- Striping
You will also want to factor in the cost of any permits that may be required. In South Carolina, the cost of a permit depends on the municipality and the size of the parking lot.
The contractor you select also affects your parking lot paving cost. Choosing someone local will cut transportation costs. And you can ensure quality work by asking your contractor about their experience paving parking lots. You don’t want someone inexperienced taking on such a large project!
So where does that leave your decision?
What’s the Bottom Line?
To get an accurate parking lot paving cost estimate, you’ll need to take into account the cost of materials, labor, and any permits required. Price can also vary depending on the size and scope of your project and the quality of the materials you need.
A parking lot is a significant investment, so it’s best to consult a licensed contractor who can assess your needs and give you an accurate estimate. Get a local contractor quote to better understand parking lot paving costs in your specific circumstances.
We Can Help
At AMP Paving, we have extensive experience working with businesses across the Columbia, South Carolina area. We know what it takes to get the job done right and will work with you to ensure your parking lot is safe and meets all regulations, including ADA signage, striping, permits, and zoning issues.
If you’re ready to get started on your parking lot paving project, we can help. Contact us today for a free quote!