I have two small parks about 1 mile apart but need to fill about 8 lots total between the two. I need to do two jobs this year. Fill the empty lots and fix the roads in each. I’m not confident either park will support buyers of brand new homes if I leave the roads as gravel but I have no way to test this assumption.
Park 2 is the bigger issue, seven empty lots, most are in a the high density section with, smaller lot size only supporting 14 x 64ish so 2/1 homes. Plus it’s a gravel road that I have to constantly grade the potholes out of. I don’t think new buyers will drop 35K on a new home sitting in this kinda crappy configuration. Poor parking, no room and dirt road. There is little I can do to fix the density issue so the only thing I can fix is the road issue, if I paved it, would it be more attractive to new home buyers or should I just assume good quality used homes to keep my expenses down and provide the best value home to my future residents?
Just looking for some ideas here, the used home market is a crap shoot, plus the costs of moving, setup and make ready are terrible these days.
I did talk to various home buyer programs like the cash program from 21st and my size doesn’t’ excite them much so I’m on my own unless someone is aware of a program I’ve not found yet.