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07-09-2008, 05:51 AM
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Member
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Join Date: Jul 2007
96 posts, read 95,612 times
Reputation: 78
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Sussex Mobile Home Parks - Own vs. Lease?
Hi all... I've been on this board a lot... as a Wilmington girl 
Now I'm looking at mobile home parks in Sussex County, about 3 to 8 miles from the beaches. I'm wondering if anyone has any advice on which parks you "own" your land rather than leasing, approx. how much the HOA fees are, and any other input or advice.
I have friends who lease, and it seems like such a waste of $$$. And, they can't even bring their small dog into the mobile home that they own!!!
Thanks! |
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07-09-2008, 08:05 AM
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Member
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Join Date: Apr 2008
Location: Mid Atlantic Coast
46 posts, read 44,851 times
Reputation: 42
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You should buy and own. I've rented space before and it is just as you said. You are at the mercy of the landowner. There is only one upside. If another person is causing problems it's easier to get them out of the park where if they own you are stuck with them. That's the only thing positive about renting land. When you own your land your payment stays the same and your land increases in value. The problem is affording it. Good luck
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07-10-2008, 08:45 AM
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Senior Member
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Join Date: Jun 2006
Location: Nashville, TN
689 posts, read 641,399 times
Reputation: 217
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If you can afford it, always buy the land. Leasing works when the land you are leasing is so expensive that no mere mortal could afford to buy it....Like waterfront. 5+ miles from the beach, you should be able to find something on owned land. Keep in mind, it is still close to the beach, so won't be cheap, but it won't be the +-$1m you'd spend on a waterfront lot either.
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07-10-2008, 10:11 AM
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Native Delawarean, a Guarded Species
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Join Date: Nov 2007
1,251 posts, read 1,082,715 times
Reputation: 614
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Quote:
Originally Posted by mikandmari
Hi all... I've been on this board a lot... as a Wilmington girl
Now I'm looking at mobile home parks in Sussex County, about 3 to 8 miles from the beaches. I'm wondering if anyone has any advice on which parks you "own" your land rather than leasing, approx. how much the HOA fees are, and any other input or advice.
I have friends who lease, and it seems like such a waste of $$$. And, they can't even bring their small dog into the mobile home that they own!!!
Thanks! |
There are over 20 listings of manufactured home lots, for sale in Fee Simple Ownership, down in the beach area. They start at $65,000, and are no more than 8-10 miles from the Ocean, (some closer than that). Look in: Plantation Park, Ocean View; Captain's Grant, Millville; Dogwood Acres, Dagsboro; El Rancho, Roxana. HOA fees differ in each subdivision. County taxes on the land, only, indicate between $40 to $100 per year.
Last edited by rdlr; 07-10-2008 at 10:41 AM..
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07-10-2008, 10:26 AM
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Life is a dance, you learn as you go.....
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Join Date: Oct 2006
Location: Native of New Jersey, Now in SC, Home in NEPA
11,055 posts, read 4,218,858 times
Reputation: 9484
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Rossc
Senior Member ( quote below)
"If you can afford it, always buy the land."
I truely agree on this rossc...........
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