Budgeting Tips for Property Managers

January 2017

Budgeting Tips for Property Managers

Have you been thinking that your building needs a new asphalt parking lot? We’ve rounded up some helpful budgeting tips for property managers.

  • Analyze the state of your current asphalt surface. If you see cracks bigger than ¼ inch you need to repair the surface to limit the amount of water that passes through. If too much water penetrates, the structure and integrity of the sub base will be compromised. If your asphalt looks faded, you should sealcoat the surface. Watch out for cracked sections that are starting to spread because that could mean a bigger repair project down the road, if it isn’t fixed right away.
  • If you need a large repair. If the asphalt surfaces of the properties you manage need large-scale repairs, be sure to allocate funds to deal with it. Properly taking care of your asphalt surface has long-term benefits as the newly paved surface can last from 15-20 years.
  • If you have a small budget. If you have a small asphalt repair budget, you should focus on minor repairs to increase the longevity of the surface and keep it looking good.
  • Helpful dates to plan for.You should budget for major and minor repairs based on the following timeline. Plan on conducting a major restoration of high-traffic areas every ten years. If you have a large parking lot, you should phase the repair over a one-two year period. Continue to save money for preventative maintenance.

Crisdel Group, Inc. has served the New York-New Jersey-Pennsylvania metropolitan area for more than 45 years. Today, Crisdel’s operations can accommodate all client needs and has recently expanded into Florida. Even though our roots are dug deep in asphalt paving, we can assist clients in all aspects of site development and maintenance as we self-perform most civil and heavy construction requirements.

We have met industry qualifications and have been classified by the Florida, Pennsylvania, New York, and New Jersey Departments of Transportation. Please contact us today to get started on your next construction project.

*Content Updated: November 20, 2017

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