Khov Chicago Talks

K. Hovnanian Homes Mirador in North Aurora

ContentManager — Tue, 21 Feb 2012 21:03:22 +0000

Mirador in North Aurora features 52 two-story, single-family homes with 2,000 to 3,200 square feet, three to five bedrooms, 2-1/2 baths and two- or three-car garages nestled in a mature residential area yet minutes from everyday conveniences. These all new home designs are a great chance to find your new home in a great location. Near to Randall Road and Orchard, the K. Hovnanian Mirador community is only 1.5 miles from 1-88. The Mirador community in North Aurora has multiple floorplans and designs for you to choose from. Take a tour now!

Click here for more detailed floorplans and designs.

K. Hovnanian Homes Finds Strength in Numbers

ContentManager — Fri, 17 Feb 2012 16:00:09 +0000

Whether the economy is booming or muddled in a standstill, K. Hovnanian Homes remains a leader in the residential real estate market. Despite the economic conditions here in the Chicago area, K. Hovnanian is entrenched as the fourth-largest homebuilder in its sixth year in this region.

The company was founded in 1959 by Kevork S. Hovnanian and maintains headquarters in New Jersey. The homebuilder entered the Chicago market in 2005 when it purchased Town and Country Homes, a private residential builder with a 50-year history of its own. The Chicago division was rebranded as K. Hovnanian earlier this year.

A lot has changed in the residential market since 2005, but Andy Konovodoff, president of the Chicago division, says K. Hovnanian has the ability to adapt and adjust to volatility as it happens. The company closed 1,240 homes in 2005, according to Konovodoff, and K. Hovnanian expects to close 160 this year.

While that may seem like a drastic drop, Konovodoff says it reflects realistic expectations for the new economic realities in the real estate industry. For instance, a 2,500-square-foot single family home may have sold for more than $300,000, while the same property retails for between $230,000 and $240,000.

Coming Soon – River Hills in Bolingbrook

ContentManager — Tue, 14 Feb 2012 17:30:12 +0000

Now open for sale with special pricing, the K. Hovnanian Homes River Hills community in Bolingbrook is a spectacular development. These brand new single family homes have three to four bedrooms, master suites with walk in closets, and three car garages. They also offer dens, full deep basements, and second floor laundry rooms. Located just off Naper-Plainfield road, this community couldn’t be at a better location in Bolingbrook. The K. Hovnanian River Hills community is minutes from 1-55, close to three award winning Plainfield District 202 schools, and down the street from the Bolingbrook Golf Course.

Sales are being conducted right now at the Churchill Club sales center in Oswego. Once there, you can view the designs and tour model homes. For more information and directions visit K. Hovnanion River Hills in Bolingbrook. Join our VIP interest list to learn more or call (630) 551-4332 to speak with a sales associate.

K. Hovnanian Homes Builds New Homes in Illinois

ContentManager — Fri, 10 Feb 2012 16:00:00 +0000

Change is a constant in life. You can lament that fact and be negative for the rest of your life, or you can accept the new normal and move on with your life and your work.

Andy Konovodoff, president of the Chicago division of K. Hovnanian Homes, based in Lombard, is philosophical about the current state of the new home construction business.

“In 2005 when K. Hovnanian entered the Chicago market by buying Town and Country Homes, we built 1,230 homes and were the fifth largest builder in the market. Now we are building 160 units per year and we are the fourth largest builder in the market. That is how things have changed,” Konovodoff said.

Author: Jean Murphy

K. Hovnanian Homes Proposes Single Family Development in Lisle

ContentManager — Tue, 07 Feb 2012 19:21:37 +0000

National home building company K. Hovnanian Homes hopes to turn the $600 in tax revenue that DuPage County receives each year on the Meijer property into $1.5 million, ideally.

That’s according to the company’s land acquisition manager, Scott Barenbrugge. Wednesday evening K. Hovnanian representatives met with Lisle residents at Grounds for Hope Cafe to review their vision for a single-family development in the lot surrounded by Benedictine University, the Green Trails neighborhood, and Green Trails Shopping Center on Maple Avenue. Homes would list between $300,000-$500,000 (with smaller plots running from the low $300,000 – low $400,000 range; and larger plots selling from the low $400,000 to mid $500,000), which developers believe would ‘reinforce existing home values.’

“Sold prices for the entire community are projected to average $450k, and the majority of the homes are projected to close in the $350-600k range,” Barrenbrugge said in an email statement.

Attorney Russ Whitaker said the company filed its application for the proposed project, dubbed Arbor Trails, with the Village last week. He said he expects the public hearing process to begin on Feb. 15.

Learn more about K. Hovnanian Chicago properties

Community Spotlight: Hunt Club Video Tour

ContentManager — Fri, 03 Feb 2012 16:00:03 +0000

Welcome to Hunt Club, with the freshest new home builder designs available in Chicagoland. Drive out and you will be speechless when you overlook the beauty of the natural landscape and rolling hills surrounding Hunt Club in Oswego. Take a tour of the Spring Crest and the Melbourne, two of our newest model homes! At Hunt Club, you will enjoy the lifestyle, investment, and comfort you’ve come to expect with K. Hovnanian Homes at one of the most sought-after addresses in the southwest suburbs.

Community Spotlight: K. Hovnanian Chicago – Remington Pointe

ContentManager — Mon, 30 Jan 2012 16:00:42 +0000

Elegant Newbury model with open floor plan. Two story foyer with vaulted ceilings. Gourmet kitchen with center island, breakfast room and pantry closet. Features include granite kitchen countertops with under mount stainless steel sink and stainless steel appliances including oven and range, microwave, dishwasher and side by side refrigerator. Recessed can lighting in kitchen. Formal living room and formal dining room. Oak floors in foyer, extended foyer, kitchen and breakfast room. Oversized master bedroom suite with dual closets and luxury master bath with separate shower, soaker tub, double sinks, raised vanity and Delta jetted shower system. Walk in closets in 2 of the 3 additional upstairs bedrooms. Plus upstairs tech center / home office, work space area. Ceramic tile flooring and ceramic tile surround in all baths. Upgraded carpet and padding.

Introducing Brand-New Floor Plans in Elgin

ContentManager — Fri, 27 Jan 2012 16:31:41 +0000

The gem of Elgin’s far west area now has even more choices for you to call home! Our brand-new floor plans are more reasonably priced, yet give you access to all Providence has to offer. Providence now offers three new floor plans to meet your lifestyle:

	The Upton: A two-story home featuring four bedrooms plus bonus room, 2 1/2 baths, attached three-car tandem garage, 9-foot first floor ceilings and partial basement. View our floorplan today.
The Primrose: The Primrose is a large 3,282 square foot home with many qualities which make it very desirable. The Primrose includes a three-car garage, an over-sized kitchen with a walk-in pantry, a private den or office, and two spacious formal areas. Upstairs, the huge master bedroom comes with two enormous walk-in closets. With a total of four bedrooms upstairs, who would think there would be space for a massive bonus room, but we found it. Better yet, the bonus room comes included in this fabulous Primrose home. View our floorplan today.
	The Auburn: A two-story home featuring four bedrooms plus bonus room, 2 1/2 baths, side load three-car garage, 9-foot first floor ceilings and partial basement. View our floorplan today.

With so much to offer, Providence continues to be one of the most sought-after communities in the western suburbs. Residents enjoy miles of walking trails, numerous neighborhood parks and ball fields, along with a charming boathouse-inspired community center and fully stocked fishing pond. There’s even an on-site school in the Burlington School District #301. Plus, with it’s wonderful location along Route 20, Providence is just moments away from the bustling Randall Road corridor – convenient to everything you could ever want or need.

Industry Article: Home Prices Down in Chicago and Nationwide

ContentManager — Wed, 25 Jan 2012 16:00:01 +0000

U.S. home prices fell in October all over the country, with Chicago real estate prices among those dropping the most.

The Standard & Poor’s/Case-Shiller home-price indexes were released on Tuesday to show that 19 of the 20 largest U.S. metropolitan areas reported lower home prices from September, and 18 of the 20 experienced year-over-year declines.

In Chicago, home prices fell 1.8 percent from September to October. Compared to October 2010, our home values are down 4.8 percent. We are one of the cities marking the biggest drops.

“Atlanta and the Midwest are regions that really stand out in terms of recent relative weakness,” said David M. Blitzer, Chairman of the Index Committee at S&P Indices. “Atlanta was down 5.0 percent over the month, after having fallen by 5.9% in September. It also has the weakest annual return, down 11.7 percent.

Author:Tracy (Chicagoland)

Community Spotlight: Liberty Lakes Video Tour

ContentManager — Mon, 23 Jan 2012 18:00:06 +0000

A beautiful master planned community with over 900 single-family homes, Liberty Lakes is located in north suburban Wauconda. The scenic natural landscape of northern Lake County is a perfect backdrop to the community’s exceptional outdoor amenities – including numerous walking and biking paths, playgrounds, and even tennis courts. Plus, you’ll enjoy unlimited recreation with Bangs Lake, Lakewood Forest Preserve, Singing Hills Forest Preserve, many local golf courses, and Wauconda Park District parks and facilities all close by. You can even get out and go horseback riding!

Take Look at what Liberty Lakes has to offer on KHovs exclusive Youtube channel.