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Old 07-11-2006, 09:37 PM
 
27 posts, read 133,039 times
Reputation: 42

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I will be retiring in September and friends have recommended that I consider the Pot-Net homes in Long Neck, DE. Does anyone have pros or cons on this community. I understand they are very upscale modular homes--many with waterviews that can be purchased for under $150,000. Draw back may be land rent?? Regardless--is this an active lifestyle community or a rest stop on the way to assisted living! I'm looking for moderate housing in proximity to bay/ocean.
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Old 07-12-2006, 08:50 AM
 
Location: Kirkwood, DE and beautiful SXM!
12,054 posts, read 20,246,765 times
Reputation: 31758
Pots-Net is a very large community and I know several people who live there and love it. It is not all senior citizens. Some of the lot rents are expensive. I think some of the water front lots are about $1000 per month. There is legislation ongoing in Delaware regarding renters rights in these types of communities. Look online for info at Delaware Online. I would also be aware that many areas with thriving mobile home communities are being bought out by developers. Delaware is the home of developments and we are seeing more of them in the Sussex County areas. Take your time and do your research. There are several realtors in the area that specialize in Pots-Net. Look for them online also. Good luck in your decision.
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Old 07-12-2006, 10:03 AM
 
4,073 posts, read 6,414,984 times
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delmarva,
I agree with SXMGirl. Two years ago a company bought several of the Long Neck MHP. The first thing they did is increase the lot rent, not a little, a lot. Some residents of 20-30 years were faced with lot rents going from $300 to $800 a month. Courts sided with the company and increases stayed. There are many used homes for a lot less and you can buy a new one in your price range. The one problem is that you do not own the land.
Once you do buy selling is not so easy. So be very cautions.
I suggest you try to get a rental down there or at least spend a week at a motel. Talk to the people, go down to Massey's Landing, you will find more information there than any where. Drive right into the communties and ask questions. There are people are Pot-Nets who love it and many of them were grandfathered in, that is, locked rent for 99 years. Check it out at in the PM hours as well as the weekend. I think you would do better to talk to a realtor and check out other options.
Don
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Old 08-18-2006, 06:18 PM
 
14 posts, read 74,038 times
Reputation: 18
Default Pot-Nets

I have a good friend, late 40's who owns a triple wide in one of the pot Nets communities. Her land rent has escalated considerably in the last several years, from under 200/mnth to almost 500.

Pot Nets used to be one trailer park, albeit a nice one, owned by the Tunnell family, a local well heeled family that made their money in land and by being attorneys. The land has not been sold, but has been transferred to their company name (Tunnell Companies). At that point, they developed several other 'Pot Nets' communities and went by the way of greed to be honest about it. At the same time, other developers moved into the Long Neck/Masseys Landing area and proceeded to attempt to build other rival parks. Mostly, they just rival them in fees charged and not in amenities.

P-N is not a retirement community... we have very few 55+ communities here because everything is so family oriented.

We have owned a land title company here for 22 years and research the beach/resort area almost exclusively, hence the 'more info than you ever wanted'.

Becky in DE/FL
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Old 08-25-2006, 02:41 PM
 
Location: New Jersey
8,484 posts, read 12,445,645 times
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My wife and I did look last year at Pot-Net. We found what we thought was a great home on a perfect location. Unfort, the location was $1100 a month land lease.

Needless to say, we walked away.
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Old 10-29-2006, 02:08 PM
 
1 posts, read 45,872 times
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Default Pot Nets

alot of houses for sale in area ,come see first spend some time. Longneck is a great place to ,don't like land rent.You are never without housing expense. AL
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Old 10-31-2006, 09:22 AM
 
Location: Sunshine N'Blue Skies
13,320 posts, read 20,133,835 times
Reputation: 11645
Quote:
Originally Posted by delmarva View Post
I will be retiring in September and friends have recommended that I consider the Pot-Net homes in Long Neck, DE. Does anyone have pros or cons on this community. I understand they are very upscale modular homes--many with waterviews that can be purchased for under $150,000. Draw back may be land rent?? Regardless--is this an active lifestyle community or a rest stop on the way to assisted living! I'm looking for moderate housing in proximity to bay/ocean.
Oh it is beautiful, and gorgeous by the bay. But, the lot rents are way, out of control. The lot rents by the water are yes probably around 1500 per month now.......that is lost funds to you as that is not your land. Your talking about handing over 16/17 thousand per year on a lot you don't have ownership of.
They keep going up and the people are not happy about that. Unlike taxes.....some owners have had their lot rents double and then some.
There is all ages in there,not just 55plus. I'd buy a modular on your own property.......you'll feel more secure.
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Old 12-06-2008, 07:28 PM
 
1 posts, read 37,379 times
Reputation: 15
it is a SHAME potnets bayside is a very nice place YES but the lot rent is killing lots people and there leaving making it a very lonly place its getting lonly more more every year, it could be a very happy busy social place BUT people are leaving , old young rich or poor all kinds very sad every one home leaves momney out there pocket. tunnel needs to look around get a grip
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Old 01-18-2009, 01:15 PM
 
1 posts, read 37,032 times
Reputation: 12
Default potnets

I have a place in PotNet and it only cost $6,000 a year. It's the perfect place for summer fun, close to the water, pools, etc. We are very pleased living there. Of course, the closer to the water the more you are going to pay. It's also a low crime area.
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Old 01-18-2009, 01:57 PM
 
Location: Rehoboth Beach, Dela_where
177 posts, read 605,387 times
Reputation: 116
Do a search on the internet about them!

They have been in the newspapers forever about the land rent controvercy.

The owners in there now can't even sell their houses because of the situation!

If I were you I would get a good real etate agent and look at manufactued housing on it's own land, if anything!

Or you can buy your own lot and put a new manufactured home on it too!

Housing & land prices are way low in Delaware right now, check it out!

Good Luck
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