Property Manager Guide

The life expectancy of a properly designed, installed and maintained parking lot ranges from 15 to 20+ years. You may need to budget for a higher upfront cost, but this wont be the case for your budget for years to follow. You will be relieved after knowing that the cost was a longterm investment that you wont have to worry about for awhile.

Following upfront costs, you must plan ahead for preventative maintenance that will continue to maintain your pavement. This is essential.

If pavement is new, budget to have striped annually followed by sealcoating and cracksealing every 2-3 years to keep pavement properly maintained and looking great as well.

Sealcoating is essential to preserving your asphalt surface and is a great way to give your property visual appeal. Make sure it is in your budget.

Every 10 years you should budget for a major restoration of high traffic pavement areas. Many asphalt pavements requires some sort of work or renovation after 10 years.

If your aspahlt parking lot is large, consider phasing repairs over a 1-2 year span. Making timely repairs on surface problems in small areas will extend the life of your pavement and not put too much strain to your budget.

It is important that you evaluate the state of your parking lot atleast once a year. Consider what damages to your pavement are visible and how urgent the damages need to be repaired.