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Driveway resurfacing is an attractive, long-lasting and cost-effective option for renewing an old asphalt driveway. A typical project involves repairing and preparing the old driveway surface and applying a 1 -inch or thicker layer of new hot mix asphalt (or blacktop, the same stuff used on roadways).he cost of driveway resurfacing ranges widely and may start as low as $1 per square foot and go up to over $3 per square foot.
Find out how much it typically costs to repair or repave a damaged driveway. Typical Driveway Repair Costs. 1  Filling cracks: The cost for a bottle of latex stone filler or other liquid crack filler is around $10-$15.2  Asphalt repair: Asphalt repair solution typically costs in the range of $10 to $25 per gallon.3  Patching holes: Patching material costs around $5 to $15 per package. Handyman costs: The cost for hiring a handyman to patch cracks and fill holes on a driveway ranges from around $100 to $500, depending upon the extent of work necessary. 2  Do-it-yourself: To view video tutorials and specific instructions for driveway repair projects, visit DIYnetwork.com and ThisOldHouse.com.