2018 Budgets for a New Driveway or Repair

Budgeting for a New or Repair Driveway

When you are planning to install a new driveway, or driveway repair, there are a few things to consider that affect the budget for the project. Factors to consider are the weather, size, terrain, and material – but the type of material is what primarily determines the cost. Each type has its pros and cons.

Weather

In Ontario, the weather conditions can be pretty harsh. Materials can crack in freezing temperatures or move in rain or snow. UV light is very strong in the summer months and really takes a lot out of certain materials.

Terrain

If your property has many drains, requires grading, or other landscaping obstacles, these issues can affect the price of the project. It is important to consult a professional to assess your property in the planning phase as complications during installation could result in additional costs.  It is of utmost importance that grading and water flow are considered in all aspects of execution.

Material

Finally, we need to consider the choice of material.

Concrete – Concrete driveways are not as common in GTA suburbs, but this is usually the most durable of materials, lasting north of 35 years. Concrete can come in a multitude of colors and can be set in different designs (e.g., stamped concrete). However, concrete can crack in freezing temperatures and is more challenging to maintain and repair driveway.

Asphalt – Asphalt is the most common material seen in homes, as it is quicker and easier to install, requiring less time to settle. It is easy to repair driveway but lasts about half the length of time as concrete driveways. It is the most economical when cost is the only factor.   It is also only available in one texture and colour.

Interlock – Interlocking driveways used to be extremely popular, and are the most attractive to many homeowners. They are typically more expensive than asphalt, and price varies according to the type of interlocking brick used and the pattern laid. Interlock offers the most variety in terms of style and design and is also easy to replace. However, interlock needs to be regularly maintained (cleaned and sealed), to avoid sand and soil filling up the cracks over time. Expected life is about 25 years, depending on how it is maintained.

Additional Cost Factors

You will also need to consider the cost to demolish and remove the old driveway, which needs to be added to the budget. Concrete driveways are harder to remove than asphalt, which will drive up labour costs.

Another option for homeowners is resurfacing, which may be appropriate if only sections of the driveway require repair. The top layer and damaged areas are removed and replaced with new material such as a new coat of asphalt or concrete. Resurfacing provides a fresh look that can last for many years.

All things considered, it is important to note that driveways are not just functional, but can add to the curb appeal of your home – adding to its value.

Call now for a free quote and consultation.

905.922.4776

 

Sharing is caring!

Leave a Reply

Your email address will not be published. Required fields are marked *