What Factors Into the Cost of a Parking Lot?
Parking lots are a very common feature of commercial buildings. Across the United States, you will find as many as two-billion parking spaces. If your building lacks a parking lot, your building also lacks the convenience that a lot of people expect. When considering the addition of a parking lot, price is probably a top concern. To give you an idea of what you will be paying for, we have broken down the main costs of a parking lot project.
Site Preparation
When you build a parking lot, you must consider the site itself. If you have land covered in trees, then those trees must be removed to accommodate the parking lot. Likewise, you must consider the soil and the drainage offered. A contractor can test the ground for drainage issues and ensure that the ground can support a full parking lot on top of it. Additionally, accessibility factors into the costs. Your location may impact the cost of labor.
Material Needs
If you have a large parking lot, you can expect to spend more on materials. However, the size isn’t the only factor when it comes to material costs. Some parking lot material options may cost more than others, it all depends on what you are looking for in a lot. Concrete and asphalt for instance, are two of the most popular choices. Both may have higher upfront costs than alternative options, but they will last much longer, saving you money on repairs and replacements.
Permits and Approvals
All commercial parking lots have to be approved before they can be built. You must abide by all of the municipal, state, and national codes. If you aren’t sure which permits you need, you can talk to a contractor for advice. They will know which permits are necessary for the build.
When installing a commercial parking lot, there is a lot to consider. Your result will depend heavily on your choices during the process. At NVM Paving & Concrete, we serve industrial, commercial, and multi-family properties. Call 703-423-0471 or email today for an estimate on your commercial parking lot installation!
