A capital improvement is by its very nature a big deal, as it transforms your property and its potential value. According to U.S. tax law, a renovation is deemed a capital improvement if it meets the following three requirements:
- It adds significant value to the real property (or extends the real property’s useful life)
- It becomes a permanent part of the real property (i.e., would damage the property if removed)
- It’s intended to become a permanent feature
For a paving project to meet these standards, it must be performed by experienced, qualified professionals with access to the necessary resources. With that in mind, here are a few key things to consider when choosing an industry paving provider for your next capital improvement project.
What to Keep in Mind When Choosing Industrial Paving Companies
How Big is Their Capital Improvement Portfolio?
When it comes to a successful capital improvement, experience is the name of the game – specific experience, that is. Even if an industrial paving company has been in operation for several years, they might have only worked on smaller projects that merely repair or renovate an existing property rather than alter it permanently. Because capital improvements involve major changes with long-term consequences, you want to only work with industrial paving providers that have successfully pulled off similar projects in the past. And the more capital improvement experience they have under their belt, the better.
How Wide Is Their Range of Services?
Capital improvement projects are often as complex as they are large, warranting several types of operations to complete the job. Even if your project is primarily concerned with paving, many tasks might be necessary both immediately and in the future, such as digging, full-depth reconstruction, paving, resurfacing, sealcoating, and so on. The more an industrial paving company can do, the better. After all, any capital improvement project requires ongoing maintenance to continue delivering value. It’s best to work with a paving service that not only can perform the initial tasks as specified but can also take care of additional paving, repair, and maintenance services down the road to protect your investment.
Are They Pre-Qualified for the Task at Hand?
It’s good to do your homework and ask various asphalt paving candidates relevant questions, but seeing that a provider is already certified to tackle certain types of projects is a major time saver. Certain capital improvement projects, such as those pertaining to municipalities, often require specific qualifications to ensure the highest standard of work. Whether or not your particular project has these requirements, prioritize industrial paving companies that are pre-qualified for similar types of projects. Doing so will save you time and give you peace of mind.
Paving Companies Near Me for Capital Improvements
When seeking an industrial paving company for your capital improvement project, look for one with specific and relevant experience, a wide range of services, and with pre-qualifications. Cassidy Paving is MassDOT pre-qualified for highway construction and resurfacing work, so we're prepared to improve and repair municipal paving, including walkways, highways, roadways, and more. We carry over this New England municipal experience to commercial projects, too, offering the most accurate timelines and estimates for all our clients.
Call us today at 866-978-9788 for a free estimate on your next paving project.