Ways in Which Parking Lot Paving Improves Your Property Value | Brothers Paving | Glen Burnie, MD
by Brothers Paving MD | Jul 16, 2021 | Asphalt Paving Company | 0 comments
Your apartment or commercial building can benefit from re-paving your parking lot in many ways.
Asphalt is one of the cheapest and most durable options for parking lot paving. Quick to install, it is less susceptible to cracking and needs minimum maintenance. It adapts to the freeze-and-thaw cycle, resulting in fewer cracks compared to concrete. The black surface absorbs more heat, boosting the melting of snow. So, you will find fewer puddles of water on the surface, making it more secure for the vehicles. On average, paved parking can increase property value anywhere between five and 10 percent.
Your customers and tenants will appreciate a newly paved parking lot, since it shows that you as the landlord are making a lot of effort to maintain the property.
Another reason to pave your parking lot is to attract potential customers. All the visitors to your business will be more impressed with the attractive and fresh look of a nicely paved parking lot over an old parking lot full of potholes and crumbling asphalt.
Even if you are not selling your property, you can prioritize investing in asphalt paving for your parking lot. Your family can enjoy the practicality and benefits of it and also the future homeowners down the line. A well-maintained asphalt paving can last up to 30 years. No matter how you maintain the interiors, the outsides should also greet your potential buyers.
Asphalt paving offers more inexpensive repair options than concrete. You can consult a paving contractor to identify the flawed areas and the type of repair it needs. Whenever water seeps into the base from the surface, it weakens the structure. Gradually, it results in deterioration. So, the sooner you repair the parking lot paving, the less it will cost in the long run.
The main benefit to having a freshly paved parking lot for your apartment complex, commercial property, or professional office space is the increase in property value. The reasons listed above are seen as important factors in the valuation of your property, not to mention that “curb appeal” is a real element of your property’s value. For larger buildings especially, a parking lot is a big portion of your real estate’s exterior aesthetic. That is why paving your parking lot is a very important part of preparing your property for sale as well.
To increase the value of your property, call Brother’s Paving for parking lot paving services today.