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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.
Concrete Resurfacing Cost. Typical costs: Expect to pay a resurfacing contractor $3-$10 a square foot depending on the condition of the existing concrete, the resurfacing system used and local rates. Small residential projects tend to cost more per square foot and may be subject to a minimum charge of $500-$1,000 or more. Resurfacing an average 500-square-foot concrete driveway typically costs $2,000-$5,000.