REAL ESTATE ASPHALT MAINTENANCE

ASPHALT MAINTENANCE SOLUTIONS FOR THE REAL ESTATE INDUSTRY

CUSTOM TAILORED SOLUTIONS FOR YOUR COMMERCIAL REAL ESTATE BUILDINGS

Numerous factors can influence the value of the real estate or its decline. Wear and tear, timeless appeal, maintenance, and upkeep are significant factors in a building’s exterior. It is crucial to start on the surface to promote a positive image of your real estate and guarantee the security and retention of tenants.

Our solutions deliver cost-effective outcomes that increase parking lot longevity, leave a positive impression, and align with long-term maintenance plans.

STAND OUT FROM THE COMPETITION WHILE INCREASING YOUR COMMERCIAL REAL ESTATE VALUE

A significant feature of a highly valued property is a well-kept parking lot. River City inspects parking lots, finds flaws, and carries out prompt repairs. The proactive Pavement Management Planning (or PMP) process identifies faults and prioritizes repairs over a predetermined time frame (often 1-3 years out), saving property managers time and effort in making decisions. This method makes it feasible to budget for services far in advance, giving you more control over your maintenance costs. Anywhere in the country, PMP can be used on a single parking lot or several. It is possible to schedule and complete the work in phases, allowing access to the property throughout the entire process.

Budgeting Tips For Property Managers

A parking lot with a surface area of 100,000 square feet is thought to last 25-30 years. You can anticipate having to start making repairs after two years and installing an overlay after seven if you decide not to have the pavement sealcoated every 4-5 years. Sealcoating, however, can help you save up to $100,000 throughout the pavement.

Another illustration is a parking lot with 75 spaces with occasional mild use. Applying sealant every four to five years would cost around $60,000 over 12 years. The cost of an overlay can reach $105,000 or more, and the need for restriping every 18 months if you decide not to get sealcoating.

RIt’s critical to determine exactly what should be included in a parking lot maintenance budget. The average life expectancy of a well-designed, constructed, and maintained asphalt parking lot ranges between 20-30 years. If pavement is new, a budget should reflect the cost for striping on an annual basis for aesthetics, followed by crack sealing and sealcoating every 2 – 3 years.

RAbout every 7-10 years, funds should be budgeted for major restoration: either resurfacing (overlay) or full removal and replacement. If your parking lot is large, consider phasing repairs over a 2-3 year window.