Having a driveway is an unanticipated cost of owning a house. Most people think driveways are dull; you just lay down the concrete and voih-lah, all done. But that’s simply not the case.
Time withers all things, and driveways are no different. The earth is more durable than concrete and causes cracks, just like wrinkling skin. But have no fear, if you’re proactive and respond to potential problems quickly, you can save a lot of money.
Are you wondering, “how much does a new driveway cost?” If yes, you can check out our simple guide here on the prices to expect.
How Much Does A New Driveway Cost
The average cost of installing a new driveway in your home runs anywhere from $2,000-$5,000. For most types of driveway, you should expect to pay between $2-$15 per square foot for material parts and labor.
The most significant determining factor for your driveway cost is which material you select for the construction. An excellent way to figure the total cost is multiplying the material cost by the area of the lot.
Concrete, for example, is less expensive than asphalt. Concrete driveways have an average cost of around $3,000, whereas asphalt driveways have an average price of $5,000.
Other factors play a role in your driveway costs, such as the condition of your land and the driveway’s state of repair.
Driveway Excavation Costs
There are two large maintenance projects to consider when asking yourself, “how much does a new driveway cost?” One of those maintenance projects is a driveway evacuation.
It’s unfortunate to learn your land is uneven. If your ground is rough, the construction company may need to rip out your driveway and smooth everything over. Ripping out the driveway typically runs about $50 per cubic yard while using hand tools.
On top of labor, there is a land preparation fee that can run anywhere from $0.50-$1.50 per square foot.
Driveway evacuation plans often consider rearranging your driveway so that it’s in a better position. Restructuring the driveway can involve removing stumps, trees, shrubs, and boulders.
This initial estimate does not include the cost of taxes, permits, and inspection fees. If you’re planning on resurfacing a driveway, the charges start at $200 and can reach $1,200 depending on the surface’s condition.
For example, fixing a crack is more expensive because it requires specialized equipment. Fixing cracks often cost homeowners upwards of $300. So next time you see the crack in your driveway and think, “I’ll get to it later,” maybe reconsider.
Homeowners should never attempt rebuilding their driveways alone. Experienced engineers should estimate the cost of driveways that have any sort of complexity. These complexities can affect drainage. Driveway costs increase with the complexity of the driveway, and larger projects require approval from the local authorities.
Tearing Out Replacing a Driveway
The costs for a new driveway are higher if your driveway requires replacement or removal. Tear-out-and-replace is the most common form of driveway replacement.
The national range for a tear-out-and-replace is between $6,000-$9,000. For a poured concrete driveway, the average is around $7,000, which breaks down to $3-$10 per hour.
Don’t Wait Until It’s Too Late
When asking, “how much does a new driveway replacement cost,” you might not consider how much money you can save by acting fast. The longer you wait, the more likely you are to incur unnecessary extra costs.
Check out more blogs to find more exciting ways to save money!
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