Is now a good time to build an RV&Boat storage?

[Alan Biddle]

I own 9 acres directly on FM1314, near the intersection of HW99, in Porter TX. I have plans to build an RV&Boat storage with 160 units (a mix of enclosed and open faced), however, the overall price of the steel structures have gone up 20% in the last 12 months. I also have approved plans for building a 9000 sqft retail strip in the front of the lot. I plan on executing this once the storage facility has met positive cash flow. I would like to hear comments in regards of the current price increase in materials and perhaps what you would do if you where in my shoes. Thanks.