Cost per space for development of MHP addition


#1

I own a park in Oregon and there is a lot of demand for the homes in my park here, I feel confident I could fill new spaces, so I am trying to figure out if it would make sense financially to add onto my existing park. I could add as many as about 50 spaces, but would most likely start with less. I will need to check to be sure, but I believe if I tie into my existing utility system I won’t need to pay multiple hook up fees. I know there is a lot of variables to this but I would really appreciate if I could get some opinions on the estimated cost to develop.
Thank You,
Marcus


#2

The cost could be anywhere between 5K to 30K per pad depending on your variables. You didn’t give much info to assess…