4 Ways in Which New Asphalt Paving Adds Value to Your Property

Is new asphalt paving really worth it?

Let’s face it — new asphalt paving isn’t exactly cheap. What’s more, it’s probably one of a half-dozen building improvement projects that you are trying to squeeze into your budget. How can you be sure that Toronto asphalt paving is really worth the investment?

Because asphalt paving adds both immediate and long-term value, however, it’s an improvement that will pay for itself over and over again. Here are four of the most practical ways in which new asphalt paving will add significant value to your property!

1. It Increases Curb Appeal

When you’re attempting to woo potential customers and clients to your business, don’t underestimate the role that your building’s appearance plays. You only ever get one chance to make a first impression on someone, and an asphalt parking lot or driveway is one of the first things that a customer will see when he or she passes by your property.

An old, deteriorating asphalt surface could be the difference between someone choosing you or your competitor down the street. New asphalt paving, on the other hand, can immediately increase your property’s curb appeal and help you maintain a competitive edge!

2. It Raises Your Property’s Value

While selling your property might not be on your radar at the moment, there will inevitably come a time when you want to put your property on the market. Perhaps you are renting out your property and a current lease is due to expire in the coming months.

In any case, installing new asphalt pavement will allow you to raise the selling price or rental price for your property. It may even help you generate more interest in your property so that serious buyers have no option but to increase their offers!

3. It Improves Safety for Customers

An asphalt surface that is littered with cracks, potholes, and other blemishes not only reflects poorly on your business but also creates a hazard for pedestrians and vehicles alike. As you’d imagine, this can open your business up to accidents, collisions, and costly lawsuits.

By upgrading your pavement with new asphalt, you’ll restore traction, improve traffic flow, and keep vehicles organized. Most importantly, you’ll assure loyal customers that you are prioritizing their health and safety.

4. It Saves You Money in the Long Run

If you think getting new asphalt paving is expensive, try maintaining an asphalt surface that is on its last leg! The truth is that repairing old asphalt is far more costly than getting new asphalt, as all it does is buy you a little extra time.

By simply biting the bullet and investing in new asphalt, you can reset the clock on your pavement now and start saving money that would otherwise be spent on frequent asphalt repairs.

Ready to add significant value to your Toronto property? Whether you need a commercial parking lot, driveway, or roadway, choose Empire Paving. If you contact us today, we’ll even give you a free estimate for the work!