POT-Net Communities Long Neck. DE (housing, rental, motel)

[delmarva]

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.

[SXMGirl]

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.

[donsabi]

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

[BeckyInLAF]

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

[MPBsr]

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.

[chucky34]

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

[Summering]

Originally Posted by delmarva

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.