I have a 150 site MHP community in Ohio which I have only initially developed 10 sites. I have filled the 10 sites and are ready to start the next phase of 40 sites. However, the engineering group which I am using to update the permits is indicating that my construction cost is going to be over $60,000 per site. This seems economically infeasible. This is over 200% higher than my initial construction cost. My engineering group could be slightly off in their numbers but not enough to justify the expansion.
Does anyone have any insight? How can anyone make numbers work at this cost?
I have always thought that a fully approved MHP is extremely hard to find today and valuable. Am I missing something?