Page 5 - KHovanian Homes - Pathway to Homeownership

Section 1 | Introduction What could be more exciting than purchasing a new home? Building your new dream home with K. Hovnanian® Homes! The process can seem complex at times with many details that need to be coordinated, but we are committed to helping you navigate through every aspect of your new home purchase. Building a home is an investment of your money, your emotions and your valuable time. COMPANY HISTORY The value of a priceless heritage is measured by the purpose and dedication of its heirs. As a company devoted to building communities of excellence, K. Hovnanian® Homes is heir to a history of solid success, financial strength, award-winning standards of homebuilding quality and an authentic commitment to customer satisfaction. Sharing this heritage with you, as your homebuilder, is both our mission and our privilege. In 1959, Kevork S. Hovnanian envisioned a homebuilding company whose homes would provide lasting advantages and reward the people who owned them for many years to come. K. Hovnanian® Homes has become, and continues to be, one of the nation’s most respected homebuilders. Whether you are purchasing your first home, moving up to a larger home to accommodate your growing family, seeking an upscale mid-rise condominium or country estate, or looking for an upgraded lifestyle in one of our Active Lifestyle communities, K. Hovnanian® Homes can help you find the home of your dreams. To this day, our greatest pride is knowing that over the years we have earned the trust of hundreds of thousands of homeowners. We know that your home is the foundation for your family’s lifestyle, and we honor that philosophy by making sure your new home meets our standards. We are especially pleased by the number of first-time buyers of our homes who have relocated or moved up to another K. Hovnanian® home—an honor that underscores their confidence in us. Now in its second generation of family leadership, K. Hovnanian® Homes continues to be known as “The First Name in Lasting Value®.” We want you to know that the company building your home has built a sound legacy of business success. Hovnanian Enterprises, Inc. is traded on the New York Stock Exchange and has continually grown in financial strength to rank among the top ten homebuilding companies in America. This strength assures you that your home and neighborhood are the result of our dedication and commitment. WHAT IS THE HOMEOWNER’S GUIDE? The purpose of the Homeowner’s Guide is to provide you with detailed information regarding each step of the home buying process. Your Homeowner’s Guide is filled with useful information that will lead you from signing your Purchase Agreement to working with Homeowner Service if you should need them. The Homeowner’s Guide is arranged in chronological sections to give you an understanding of what to expect and who to communicate with during each step. Within this guide, several meetings and milestones are discussed, and we need your participation to ensure timely completion of your new home. OVERVIEW Each section will go into detail of the homeownership process. Below, you’ll find the major points of each, many of these will require your attendance or attention during regular business hours, Monday through Friday, usually between 8:00 am and 4:30 pm. Please keep in mind that this may require you to schedule time out of the office or home. We will give you advance notice for all meetings and deadlines to help manage your schedule. In order for K. Hovnanian® Homes to meet your Estimated Closing Date, it is important for you to pay special attention to the sections of the Homeowner’s Guide where meetings are noted. We appreciate your cooperation and future participation in building the home of your dreams. Edition July 2019 | 3