Developing a mobile home lot

[Bret Burton]

Hello,

I was hoping someone on the BP forum could shed some light on developing a lot for mobile homes.  I have been investing in RE for about 7 years now and own long term rentals in Vail CO.  I have always been interested in mobile home parks and I have an opportunity to develop 14 narrow lots on just over an an acre of land.  The plot is located in the center of town with a single family home and some utilities in place.  Can anyone provide me with a ball-park estimate of how much it costs to develop a site for a single trailer.  Foundation, water and electric hook up etc?  I'd really appreciate any insights, Thank you. 

[Rachel H.]

@Bret Burton Costs will vary depending on the area and contractors you use. Usually, it's best to see who other mobile home parks are using. Many times I've received the "corporate" versus the "individual" rate just by establishing relationships with these folks and having good working relationships with parks in the area. You'll also have to check with zoning regarding your plans to see if there are restrictions (if any) and/or additional paperwork you need to file with the city. Another good resource for contractors who specialize in this niche are mobile home dealerships and your local manufactured home association. Hope that helps. Good luck!!