Press Release brought to you by K. Hovnanian Homes

New Model to Open June 13-14 at Magnolia Ridge Estates in Mercer County

06/03/2015

East Windsor Township, NJ, June 2015 – K. Hovnanian’s®Magnolia Ridge Estates, a new community of upscale single-family homes being built just ten miles from Princeton, will unveil its first model home during the weekend of June 13-14. The beautifully furnished and decorated Dover model will be available for guests to tour between 10:00 a.m.–6:00 p.m. each day during the Model Grand Opening event, with refreshments available as well.

Additionally, as a special incentive for buyers during the Model Grand Opening weekend only, the builder will offer a complimentary finished basement on all new contracts signed. Offer is priced by location. Incentive varies depending on which home design is purchased. Incentive is valued at $29,680 for an Anderson, $29,810 for a Wilshire, $30,680 for a Beale, $31,830 for a Dover and $32,010 for a Jasper. Complimentary finished basement includes standard carpeting with finished walls and ceilings. This incentive does not include upgraded carpeting or finished bathroom. Incentive valid on all new contracts signed between June 13th, 2015 and June 14th, 2015. Incentive cannot be combined with any other promotion. See a Magnolia Ridge sales associate for details.

Interest in the new homes at Magnolia Ridge Estates has been strong since the community opened in the fall. Consequently, the builder anticipates that many buyers will want to get a first look at the new model as it opens for the first time. Magnolia Ridge will be an intimate neighborhood, featuring only 22 single-family homes. The spacious homes will offer up to 3,300 square feet of living space, providing plenty of room for daily living and future growth. Homes include up to six bedrooms, two-and-a-half to three baths, two-car garages, and distinctive features and finishes. Pricing, which is subject to change, will begin in the low-$500s.

Homebuyers will appreciate the new community’s convenient Mercer County location. Magnolia Ridge Estates is close to Routes 130, 33, and the NJ Turnpike, 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.

Magnolia Ridge Estates is located in a very family-friendly area, featuring plenty of recreation, shopping and dining options. 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. And of course, the Jersey shore is just an easy drive from the new neighborhood. 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. And families will enjoy being so close to the world-famous Jackson amusement park.

With only 22 homes available, Magnolia Ridge Estates presents a very limited opportunity, with a high demand even before the model home opens. Interested buyers are encouraged to visit the community for the Model Grand Opening June 13th or 14th to walk through the beautiful new home and learn more about current opportunities that are available in this new community. The Sales Office and 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 www.khov.com/MagnoliaRidge.

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 adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2014 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 or fax lists, please send an e-mail to IR@khov.com or sign up at http://www.khov.com.

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06/03/2015 - 15:30

Source

K. Hovnanian Homes

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