Reinvesting In Capital Projects In Your Community
Like all business decisions these days, business owners must make informed decisions. Reinvesting in your manufactured home community is no different. MHCs are considered one of the best forms of affordable housing, which are in short supply. Today building a new MHC is usually economically unfeasible in areas due to the restrictions being placed on them by local and state government. Therefore, it's ever more important to not let your MHC deteriorate. Being proactive by putting together a Capital Improvement budget and developing a reserve account is a good idea. Depending on the age of your community the capital improvements will vary from sewer lines, water lines, resurfacing the roads, replacing cracked sidewalks, and club house remodeling.