Press Release brought to you by K. Hovnanian Homes

Low Taxes Attract Buyers from North Jersey and New York to Little Egg Harbor 55+ Community

03/11/2014

Little Egg Harbor, NJ, March 2014– There are a number of reasons why active-adult homebuyers are attracted to K. Hovnanian’sÒFour Seasons at Harbor Bay,the popular Jersey Shore 55+-lifestyle community in Little Egg Harbor. From its outstanding Ocean County location near the beach, to its distinct home designs and variety of resort-like amenities, K. Hovnanian’sÒFour Seasons at Harbor Bay has proven to be one of New Jersey’s fastest-selling active-adult communities.

But there’s another advantage to living at this unique community that has been particularly appealing to an increasing number of buyers; particularly those from northern New Jersey and New York: lower property taxes. Steve Caporaso, Area Vice President for K. HovnanianÒHomesÒNortheast Division, commented on the trend.

“We’ve been seeing an influx of buyers from the northern part of the state and the New York metropolitan area who are attracted to this area for many reasons, with one of the key factors being the low property taxes,” Caporaso said. “Being near the beach is certainly appealing, along with all the amenities here, but these northern buyers are really just delighted to learn how much they can save with taxes that are so much lower than they’re accustomed to. For example, a home that sells for $300,000, with approximately 2,000 square feet of living space, will have property taxes of only about $5,600. That’s a substantial savings, on top of all the other benefits of living here.”

After living for 37 years in their Clifton home in Passaic County, NJ, Kathleen and Dan Noga moved to K. Hovnanian’s® Four Seasons at Harbor Bay in July 2013. While there were a number of reasons why they chose the community, the lower taxes played a big part in their decision. “We were ready for our retirement home,” Kathleen Noga shared, “and we had decided at one point to move further south in New Jersey, mostly because in our area of North Jersey the taxes are so much higher and the homes are more expensive. We really liked this area and we liked the homes, the clubhouse was a big plus – and we loved the prices and the lower taxes.”

The luxurious lifestyle and lower taxes have helped make K. Hovnanian’s® Four Seasons at Harbor Bay one of the Garden State’s most popular 55+ communities. Quietly located amidst the natural beauty of Great Bay, just fifteen minutes from Long Beach Island, K. Hovnanian’s® Four Seasons at Harbor Bay is a private, gated community offering attractive, craftsman-style single-family homes priced from the high-$200,000s (prices are subject to change). Buyers have a choice of several different home designs, which feature two to three bedrooms, with a home office and two baths. There are also two-level loft-style homes that offer three to four bedrooms and three baths.

In addition to offering homeowners a variety of impressive home designs, K. Hovnanian's® Four Seasons at Harbor Bay offers a wealth of amenities and activities to enjoy. The heart of the neighborhood is the community’s magnificent two-story Clubhouse and Recreation Center. This 16,000 square-foot, seashore-inspired facility features indoor and outdoor pools, sun decks, a fitness center, spa, billiards and craft rooms, tennis, bocce, horseshoes and more. The facility was voted “Clubhouse of the Year” in 2011 by the New Jersey Shore Builder's Association.

Ideally located near some of the Jersey Shore’s most famous beaches, K. Hovnanian’sÒFour Seasons at Harbor Bay is tucked away from all the hustle and bustle, yet remarkably close to the Garden State Parkway and other major highways. The community offers easy access to plenty of outstanding dining, entertainment and shopping choices. The Sea Oaks Golf Club, a championship 18-hole public golf course, is adjacent to the community. Boating, fishing, great marinas, historic lighthouses, sun-drenched beaches – all of these wonderful amenities are just minutes away from Harbor Bay.

Visit K. Hovnanian’s® Four Seasons at Harbor Bay and discover why so many 55+ buyers are choosing to make the move to what has become one of New Jersey’s “destination” communities. Walk through the beautifully decorated model homes, including the newly redesigned Amelia model. Tour the impressive Clubhouse and learn more about this premier active-adult neighborhood – the only NJ community selected in 2011 by Where to Retire Magazine as a “Top 50 Master Planned Community” in the U.S. The community is open daily from 10:00 a.m.-6:00 p.m. For directions or more information about the community, call (609) 296-5301; or visit www.khov.com/HarborBay.

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®, Parkwood Builders, Town & Country Homes and Oster Homes. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2013 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at www.khov.com. To be added to Hovnanian's investor e-mail or fax lists, please send an e-mail to IR@khov.com or sign up at www.khov.com.

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03/11/2014 - 11:30

Source

K. Hovnanian Homes

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