Press Release brought to you by K. Hovnanian Homes

Final Opportunities, New Incentive Offered at Magnolia Ridge in Mercer County

05/10/2016

East Windsor Township, NJ, May 2016 – K. Hovnanian® Homes is now offering final opportunities at Magnolia Ridge Estates, a rapid-selling new community of upscale single-family homes located just ten miles from Princeton. The new neighborhood has struck a chord with buyers – and it’s easy to understand why. An intimate community of only 22 single-family homes, Magnolia Ridge offers elegant, spacious homes in a family-friendly, highly convenient Mercer County location.

Buyers have a choice of three home designs at Magnolia Ridge: The Anderson, The Wilshire, and The Dover, offering up to 3,036 square feet of living space, with plenty of room for daily living and future growth. The remaining homes include up to four bedrooms, two-and-a-half baths, two-car garages, and distinctive features and finishes, including nine-foot ceilings throughout the first floor. Designer kitchens feature beautifully crafted cabinetry and granite countertops in a variety of colors. Pricing, which is subject to change, is from the upper-$400s.

As a special incentive on these final homes, for a limited time only, the builder is offering a special incentive of a complimentary finished basement for all new contracts signed on or before May 31, 2016.* Some restrictions apply – see a sales associate for details.

Living at Magnolia Ridge, it’s easy to get to anywhere you need to go. The new community is close to Routes 1, 33, 130, I-95, I-195, the NJ Turnpike, and the Garden State Parkway, facilitating easy travel throughout the state, as well as to New York City, Philadelphia and the Jersey shore. Commuters who prefer public transportation will appreciate direct NJ Transit® train service from nearby Princeton Junction, which reaches Manhattan and Philadelphia in under an hour. Magnolia Ridge is also conveniently located near a Park and Ride, with both north and south access.

Families will appreciate the opportunity to be part of the East Windsor Regional School District – and the chance to live in such a family-friendly area. Mercer County is home to many parks, paths and trails for hiking, biking, picnicking, or other outdoor fun. In East Windsor alone, there are more than a dozen local township parks, including Etra Lake Park, Westfield Road Park with basketball and tennis courts, and an exercise trail at Turnpike Path. Golfers will enjoy a variety of public and private courses in the area. Central Jersey is home to a number of world-class entertainment and cultural venues, including theaters in Princeton. Downtown Princeton is also home to many eclectic shops and fine dining opportunities. Great shopping is also nearby at Quakerbridge Mall and Princeton MarketFair. Families will enjoy being so close to the world-famous Jackson amusement park and, of course, the Jersey shore is just an easy drive from the community.

With only a limited number of homes remaining at Magnolia Ridge Estates, buyers are encouraged to visit the community soon, while prime opportunities are still available and while the complimentary basement incentive is being offered. The Magnolia Ridge sales center and newly re-decorated model home are located at 780 Old York Road in East Windsor, NJ. For directions or more information, call 844-230-7459. You may also learn more about the new community online at khov.com/MagnoliaRidge.

*Incentive varies depending on which home design is purchased. Incentive is valued at $24,080 for an Anderson and $24,200 for a Wilshire. Complimentary finished basement includes standard carpeting with finished walls and ceilings. This incentive does not include upgraded carpeting or finished bathroom. Incentive valid only on new contracts signed on or before May 31, 2016. Incentive may affect maximum financing. Incentive cannot be combined with any other promotion. See Sales Associate for details.

ABOUT HOVNANIAN ENTERPRISES®, INC.:

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes, Brighton Homes® and Parkwood Builders. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2015 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail list, please send an e-mail to IR@khov.com or sign up at http://www.khov.com.

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Source

K. Hovnanian Homes

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