4 Important Asphalt Paving Budget Tips For Property Managers

Fall Sealcoating

Learn about four important asphalt paving budget tips for property managers.

If your parking lot is in bad shape, you may be wondering how to fit repairs into a tight property budget. However, establishing a realistic parking lot maintenance budget is easier than you may think! Continue reading for four important asphalt paving budget tips for property managers.

Regular Maintenance

The best way to avoid costly parking lot repairs is to allocate funds to regular maintenance every year. Making necessary repairs on small surface problems will not only extend the life of your parking lot, but every dollar budgeted for preventative maintenance can save you up to five dollars in future repaving costs. 


In addition to regular maintenance, sealcoating is also crucial to extend the life of your asphalt surface. Sealcoating has many benefits for asphalt, including restoring the look of the pavement, making the parking lot easier to clean, and protecting the asphalt from wear and tear and harsh weather. 


If you see a small crack in your parking lot, don’t wait until it becomes a larger crack to fix it! Singular cracks between ¼ inch and 1 inch require crack-filling to ensure that water doesn’t penetrate the asphalt and deteriorate the sub-base of the pavement. Staying up-to-date on crack-filling will help to extend the life of your parking lot and save money on unnecessary extensive repairs.

Long Life Expectancy

If you need a new asphalt surface, keep in mind that the life expectancy of a properly installed and maintained parking lot ranges from 15-20 years. So, while you may have to pay for a high up-front cost, there will be space in your budget for plenty of other projects over the years. Budget for a major restoration of well-traveled areas every 10 years, and consider phasing repairs over a 1-2 year window to ensure that your repairs will not interrupt your tenants or customers. 

Maintenance You Can Trust from PTG Enterprises

If you want to protect your pavement and ensure it has a long lifespan, choose PTG Enterprises for your community sidewalks, parking lots and pavement maintenance needs. We offer commercial concrete, asphalt, masonry, paving, consultation, and survey report services throughout Baltimore, Harford, Anne Arundel, Howard, and P.G. Counties. If you are interested in hearing how we can help you, contact us online or give us a call at (410) 636-8777. For more tips and tricks, be sure to follow us on Facebook, Twitter, YouTube, LinkedIn, and Flickr.

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