Frequently Asked Questions

Questions

  1. What is a Patio Home?
  2. What is an HOA community?
  3. I would love to move into a one level patio home but my spouse doesn't see the benefit of moving. What are the benefits of moving?
  4. I live alone and am on a fixed income. Can I afford to buy a new home?
  5. Does Ovation Homes only build patio homes?
  6. We like to go south during the winter time or on extended vacations in the summer. How will our home be taken care of?
  7. Where are your subdivisions located?
  8. How is a reverse mortgage different from a home equity loan?
  9. What are the basic requirements for a reverse mortgage?

Answers

  1. What is a Patio Home?
    An Ovation patio home, is a beautiful, one level home with spacious convenient living. Our patio homes are built with NO STAIRS, inside or out and can be customized for varying mobility needs.
  2. What is an HOA community?
    Our subdivisions all have Homeowners Associations (HOAs) which helps to ensure the neighborhood maintains a certain curb appeal. Once you close on your home, you are a member of the HOA. Fees and services vary per subdivision. Generally, services include snow removal of sidewalks and driveways as well as front yard maintenance including mowing, weeding, fertilizing and winterization.
  3. I would love to move into a one level patio home but my spouse doesn't see the benefit of moving. What are the benefits of moving?
    You can build a new home that is customized to your needs. You can live in your own home and not have to worry about stairs, yard maintenance or snow removal. You can have your kitchen , bedrooms, laundry and bathrooms all on one level. http://ovationhomes.blogspot.com/
  4. I live alone and am on a fixed income. Can I afford to buy a new home?
    We want to help you do what is in your best interest. We have the experience to assess your current situation and determine how we can best help you. We have over 15 years of experience in evaluating, assessing, marketing and selling real estate properties and have several financial options that are available that may fit your needs.
  5. Does Ovation Homes only build patio homes?
    No, we have several floor plans available. Want a lot outside of our subdivisions? Let us find a lot for you!
  6. We like to go south during the winter time or on extended vacations in the summer. How will our home be taken care of?
    The HOA will take care of the snow removal in the winter and the front yard maintenance in the summer.
  7. Where are your subdivisions located?
    We have subdivisions located in Ogden, Riverdale and in Layton. If you would like to build in another area, just let us know. We would love to assist you in finding a lot.
  8. How is a reverse mortgage different from a home equity loan?
    Both a reverse mortgage and a home equity loan use the equity you have in your home to generate cash. However, with a home equity loan, you need to make monthly payments on the principal and interest. With a reverse mortgage, you don't need to make monthly mortgage payment for as long as you stay in the home. The loan is repaid only after you permanently leave the home.
  9. What are the basic requirements for a reverse mortgage?
    To qualify for a reverse mortgage, you must be age 62 or older and own your home (houses and condos qualify; those with existing mortgages may also qualify). Your home must be your principal residence and meet U.S. Department of Housing and Urban Development (HUD) minimum property standards.