Cost of Asphalt Parking Lot Paving in Sherman
Asphalt parking lot paving is a popular choice for businesses and property owners in Sherman, TX, due to its durability and cost-effectiveness. Whether you are considering paving a new parking lot or resurfacing an existing one, understanding the cost factors and common tasks involved can help you budget effectively.
Factors Affecting Cost
- Size of the Parking Lot: Larger areas require more materials and labor, increasing the overall cost.
- Thickness of Asphalt: Thicker layers provide more durability but also come with higher material costs.
- Site Preparation: Costs can vary depending on the amount of grading, excavation, and base preparation needed.
- Drainage Requirements: Installing proper drainage systems can add to the overall expense.
- Local Material Costs: Prices for asphalt and other materials can fluctuate based on local supply and demand.
- Labor Costs: Labor rates in Sherman, TX, can impact the total cost of the project.
- Accessibility: Difficult-to-access sites may require additional equipment and time, increasing costs.
- Permits and Regulations: Compliance with local building codes and permits can add to the expense.
Average Costs for Common Tasks
| Task | Average Cost (per square foot) |
|---|---|
| Asphalt Paving | $3.00 - $5.00 |
| Resurfacing | $1.75 - $2.50 |
| Sealcoating | $0.15 - $0.30 |
| Line Striping | $0.20 - $0.30 |
| Excavation and Grading | $1.00 - $2.00 |
| Drainage Installation | $2,000 - $5,000 (per system) |
| Base Installation (Gravel) | $1.50 - $2.50 |
Understanding these factors and average costs can help you plan your asphalt parking lot paving project in Sherman, TX, more effectively.
