Adding New Pads to a MHP

[Derek Dickson]

Hello,

have any of you MHP investors purchased a park and then added some pads to the land? How much were the costs per pad? Was it tied into a septic or city sewer/water system? Did you run power underground or power polls? Did you put in a concrete slab or a gravel pad? How far away from the existing pads to the new pad did you have to go?

Thank you

[Dave Rav]

Derek,

Good morning.  The answers to your questions will vary by locale.  Cost of city sewer and water varies by city, as well as the distance required to run those lines.  Also keep in mind, there are certain requirements in juridictions for pipe diameter as a function of both distance run, and number of pipes feeding the primary line.  Another variable is the "impact fee" some (Most!) cities charge.  In my experience, this can be anywhere from maybe $500 to several thousand in greedy jurisdictions.

Very difficult to answer your questions with precision.