Parking Lot Repairs Blueprint for Your Commercial Property

Are you interested in learning more about parking lot repairs? It’s not something property managers think about often, but it’s a significant point of value for your commercial property. We’ll walk you through everything you need to know about parking lot repairs.

What Do Parking Lot Repairs Look Like?

The repair process is typically done in three steps — crack repair, seal coating, and lot marking. Crack sealing prevents water damage to the asphalt, while seal coating adds a protective barrier. Lot marking is done as the finishing touch to give the parking lot a clear traffic flow.

Repair services can also include replacing parts of the pavement depending on the amount of damage. The goal is to ensure that the parking lot is safe and looks clean, so this can include repairing potholes as well. And beyond repairs, parking lots benefit from preventative maintenance every few years.

Preventative care for your parking lot includes deep cleaning, more sealing, and grinding down any uneven sections. This maintenance care is an excellent way to keep yourself from dealing with expensive repairs down the line.

How Much Do Parking Lot Repairs Cost?

The answer to this question will vary from project to project. It’s good to get an idea of the average cost of each service. This way, you’ll have a better picture of your specific project’s cost.

Maintenance is always going to be your least expensive option. For example, the average cost of sweeping and cleaning a lot with 500 parking spaces is around $80. Depending on how often you need it, this price could cost you quite a bit, but it’s still favored over extensive repairs.

The resealing portion for asphalt parking lot repairs will run anywhere from $0.15 to $0.25 per square foot. Sealing coats should be reapplied every two or three years while resurfacing should be done every 20 to 25.

Concrete is similar in terms of how often it needs resealing. Concrete lot sealing runs from $.10 to $.30 per square foot, while repaving is around $3 to $10 per square foot.

Lot line finishing and repainting will vary depending on how many spaces need attention. Smaller parking lots with about 50 spaces will cost around $500, and the price will increase from there. With these individual costs, it should be much easier for property managers to price out their repairs based on their needs. 

Should Facility Managers Get a Scope of Work?

A scope of work is an excellent way to help construction teams execute what they need to within your budget. It should be your first step in estimating your budget for the repairs. Having a detailed document to reference during the contract will assist with accuracy and direction.

When Should You Schedule Parking Lot Repairs?

You might be surprised to learn that there is an ideal time of year for you to be scheduling your repair services. Spring is the best time to schedule and plan for parking lot repairs.

In terms of budget, facility managers often have much more leniency with funds towards the beginning of the year. The asphalt industry is also reaching a state of equilibrium in terms of supply and demand at this time. This translates to a much fairer market value for repairs and other services.

Contractors also know to start ramping up their operations around the springtime. So you’ll have a much better response time. Lastly, from an aesthetic point of view, having repairs done early in the year means you’ll have a better-looking lot for longer. The lot may also be safer as you head into the heavy traffic of the summer months!

Schedule A Consultation

Interested in creating a preventative maintenance or repair plan for your parking lot? Fill out the contact form below and a Branded Group team member will connect with you.