The choice between a concrete versus and asphalt parking lot might seem like an easy decision based on initial cost. A simple side-by-side comparison of the installation expense and the decision is made. Yet the smart business owner will examine the long-term cost implications of their parking and pavement choice, and which proves to be the better investment in the long run. Mack Concrete can provide precise estimates for any job suitable for its Ready Mix Concrete. All concrete batch plants are computerized for accuracy and efficiency.
Your Parking Lot’s Total Cost of Ownership
One of the first questions any business owner asks is the cost of the project. Concrete is more comparable to asphalt than ever before. As oil prices fluctuate but then continue a steady, upward climb, the cost of asphalt also rises. Today the price for an asphalt paving can be similar to a quotation for a concrete lot. However, other factors to consider that impact the long-term cost to a business, apartment or municipal building can include:
Lifespan
When evaluating the materials for your parking surface, longevity is just one of the many factors to consider. Both concrete and asphalt offer distinct benefits and drawbacks, impacting not only the lifespan but also the overall performance, maintenance needs, and cost-effectiveness of your project.
An asphalt parking lot generally has an approximate lifespan of 15 years, though this can vary based on the volume and type of traffic it endures, climate conditions, and the quality of initial installation and maintenance (Asphalt Institute, 2021). Regular maintenance, including sealing and resurfacing, is essential to maximise its lifespan and maintain safety and aesthetics. However, even with diligent care, asphalt is more susceptible to wear and tear under heavy loads and harsh weather conditions.
In contrast, a concrete parking surface typically offers an anticipated lifespan of over 20 years, making it a robust solution for long-term durability and performance (Portland Cement Association, 2021). Concrete’s inherent strength and resistance to high traffic loads and environmental stressors contribute to its extended lifespan with relatively minimal maintenance requirements. Additionally, concrete can offer superior reflectivity, reducing the urban heat island effect and potentially lowering lighting costs.
Maintenance
Two years—that’s about the length of time building owners have before they need to reseal an asphalt parking lot. Once resealed, if the lot serves a commercial retail venue, the lot must be restriped, adding additional costs and time to the job. Business revenue is lost or seriously declines during the resealing and restriping process.
When considering the total cost of ownership, it’s crucial to factor in the maintenance and repair costs in addition to the initial installation expenses. While the upfront cost for concrete is generally higher, the reduced maintenance needs and extended lifespan can result in lower overall costs and downtime over the life of the parking lot.
At Mack Concrete, we are committed to providing high-quality, durable concrete solutions tailored to meet the unique requirements of your projects, ensuring exceptional performance and longevity. Our extensive industry expertise and dedication to excellence make us the ideal partner for all your concrete needs.
Usage
Determine what sort of traffic most often frequent the lot. Will there be more trucks than cars? Most businesses have regular visits from heavier vehicles making deliveries or collecting goods. Even routine garbage disposal pick-up causes wear and tear. Asphalt doesn’t hold up as well as concrete when truck traffic is turning, loading or unloading materials. Heavy truck traffic, even those regular garbage pickups, will degrade the asphalt more quickly than it does a concrete installation.
Durability under heavy traffic and lifetime value are among the more obvious reasons to choose concrete over asphalt. However new information about ancillary benefits of concrete parking lots can add to practical savings for the business owner.
Contact Mack Concrete for a quote for your next concrete project in Medina, Lorain, Summit, Cuyahoga, and Portage counties. Call us at 800-482-3111.
