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The average price to haul away an old asphalt driveway and replace it with a new one is around $5,000, based on several factors. âTypical life expectancy of an asphalt driveway is 15 years,â says Ron Reibling, owner of Aurora Asphalt & Sealcoating in Champlin, Minnesota.
Bearing in mind these factors, professional asphalt driveway sealing can cost $.10 - $.30 per square foot or as much as $.50 - $1.00 per square foot. Doing the job yourself might yield savings of $100 - $200 per 1,000 square feet of driveway.According to the website Do it Yourself or Not, DIY costs for sealing a 20 x 50 foot drive run $80 compared to $240 for professional sealing.Â© 2015 CostOwl.com.All rights reserved.he recommended interval for driveway sealing depends on your local climate. In areas that experience harsh winters, heavy precipitation, high temperatures, or frequent freeze-thaw cycles, sealing might be needed every year or two. In milder climates, every 3 to 5 years should suffice.