Search Results for ‘real estate tax’

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Teaneck to face a property tax increase
Fort Lee residents may get free bus service
Bergen County will construct a senior center
Luxurious house in Bergen County is on sale
Ridgefield borough sues the Ridgefield zoning board

Teaneck to face a property tax increase

Teaneck’s property owners will now face a municipal tax increase of 7.6%, over the $60 million budget that was introduced by the Township council last week. This year’s budget is up by $3.5 million as compared to the year 2006 due to various reasons. Thus for a home assessed at the township average of $464,580, municipal taxes of approximately $3428 would have to be paid.

The pension contributions for the pensions of firefighters and police have gone by $1 million from last year to become $2.8 million this year. Besides this, public employee pensions have also gone up by 78%. The amount allocated for debt service has also risen by 82% this year while employee health insurance has risen by 9%. Other significant rises in the budget include a hike of $3.3 million paid for sewer treatment fees and of $500,000 paid to the tax appeal fund. This year’s budget includes allocations for various huge projects like payments for ventilation and heating system upgrades, resurfacing of roads and purchasing a new garbage truck to name a few.

However the borough is doing its bit to offset the rises and has applied for extraordinary aid for $1.2 million. The announcement of which states receive the aid would be made in the month of June. A public hearing on the budget has been scheduled on April 11, 2007 and those interested can reach the venue at 8 pm.

Fort Lee residents may get free bus service

Residents in Fort Lee may see their dream come true with free bus service. In new developments, the borough of Fort Lee is discussing this option with NJ Transit. If things go well, free bus service would be offered from the Edgewater ferry to the town and from any bus stop in Fort Lee to the ferry stop. An official of the Fort Lee parking authority said that ID cards would be issued to residents of Fort Lee to ensure that they can travel free of charge from any bus stop to the ferry and back.

Approximately 160 residents of Fort Lee may benefit from the service once it is made operational. The program would take advantage of the free seats on buses, which would be issued to the ferry takers. While negotiations are still underway, operations are hoped to begin by the 1st of April 2007.

Bergen County will construct a senior center

Bergen Country Board of Adjustment would decide on the construction of a senior center in Hackensack after a decade of delay. This proposed center has been slated to come up on First Street and if it sees the light of the day, it will contain six apartments made to suit the needs of seniors. The project is the brainchild of Martin Luther King Jr Senior center, a non-profit organization that caters mainly to African-American seniors and provides them the facilities of food, exercise and transport. The proposal was rejected in the year 2005 due to parking and traffic concerns. The center had appealed the decision in the month of October and won the case. However, the architect is taking care of traffic concerns, to make the construction as safe as possible for senior citizens.

Luxurious house in Bergen County is on sale

Edgewater’s, Bergen County wonderful home stands next to the Hudson River. This huge house slated to be worth $6.5 million gives a majestic view of the river through a huge glass wall. If you are seeking a luxury home that offers not just good interiors but a wonderful view of the outside world then this home could be just the right place to invest at. It also offers a majestic view of the breathtaking Manhattan skyline and the George Washington Bridge.

Currently the house is listed with Special Properties, a branch of the company Brook Hollow Group Inc. The house is huge, strong and a sturdy steel beam construction holds the house to the rocky cliff. The walls comprise of triple glazed thermopane glass, for good view and sturdy protection from bad weather. Finally, the doors and roof are made of stainless steel for strength.

The three-leveled house has been designed by a renowned architect to resemble life in a houseboat and has an open floor plan at the main floor. Sliding glass doors, huge mahogany decks and ceilings, Brazilian bahia granite kitchen slabs and built in furniture adds a touch of class to the house which can entertain huge parties.

Ridgefield borough sues the Ridgefield zoning board

A seven-storey mid-rise by the developers, Grand Summit Association Inc. is now the point of contention between the Ridgefield borough and the Ridgefield’s zoning board. The project that aims to be an age-restricted housing is slated to come up at Broad and Grand Avenues. The developer from Old Tappan was seeking the board’s approval to construct over 80 age-restricted units. A three-level parking space was also being sought along with various variances in height and rezoning. The developer was also seeking a seven storey high rise in an area where the maximum allocated is three.

After three hearings of the project, on January 18, 2007, the zoning board approved of the building along with all the rezoning that was needed. The borough of Ridgefield condemns the idea and has thus filed a suit in the state Superior court against the zoning board’s decision.

As per the suit, the plan of the project does not match the regulations in the area. Also the suit states that the zoning board did not let the residents in the area question the project and the capability of the developer. The mayor commented that while there was nothing specific to be said about the case, the litigation seemed to him as a waste of taxpayer’s money, which could be better utilized.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County, good investment for real estate
Bergen County towns better their websites
Events scheduled in Fort Lee
Celebration of Dumont Day in Bergen County
Open Space taxes of Bergen County

Bergen County, good investment for real estate

Bergen County is one of the richest counties in New Jersey and the housing market in the various regions of Fort Lee, Cresskill, Englewood, Tenafly and Teaneck can be described as fairly stable. Those interested in purchasing a house now, can also benefit from good interest rates in the lending market. These rates range at 6% for a fixed period of thirty years. The market is also stable for home sellers and if the home is priced right, houses are still selling at a good pace in the market. One of the main reasons for the success of Bergen County as a housing community is attributed to its good schools that adopt high standards of teaching. Also the proximity and excellent transport facilities to major cities make Bergen County a chosen home for many.

Bergen County towns better their websites

Cresskill and various other towns of Bergen County are now in the process of updating and enhancing their websites. This came through as many municipal websites failed to score well in a review made by The Record. Thus while Cresskill plans to totally revamp its website with useful information, Alpine, which does not have a site till now, plans to create a new website. Construction of Alpine’s website is scheduled to approximately take one year. Many other towns have either modified their sites or added links to help find information easily. In this regard, Fort Lee has added a link to its borough code and Clifton has linked its 2007 budget policies and objectives to its home page. Some towns like Fairview do not have municipal websites; instead they have a website put up by the police department. This site has newly added an emergency e-mail notification system that people can use for receiving useful information. Many residents and officials of Bergen County towns are now of the impression that a website with useful and timely information is a must for all towns.

Events scheduled in Fort Lee

Plenty of events are all set to happen for the residents of Fort Lee in the upcoming days. Here is a gist of them. The Tour de Fort Lee would take place on October 7. This is an annual bicycle tour of the area and those interested in participating and knowing their neighborhood better can register themselves at the Community center early on October 7. The tour begins at 9 am and registration for the event starts at 7:30 am. October 7 is also the date for the Historic Jitney tour of Fort Lee. This tour is scheduled to begin at 11 am and would go on to 3 pm. Those interested can reach the plaza area of the community center of October 7 at the scheduled time as the tour commences from that region. A fundraising dinner dance is also being planned for November 2 by the Fort Lee Film commission.

Celebration of Dumont Day in Bergen County

The Dumont Day was celebrated on September 8, 2007 amidst much excitement. The day’s events included a ‘Fall run for fun’ in the early hours of 7am. Many residents, including both grown ups and children, participated in this event held at the Honiss school. Good food, fun rides and a grand range of entertainment was the order of the day at the Memorial Park festival, which was held from 10am onwards and went well into the evening up till 6pm. The late evening hours were marked with fireworks and a concert that was held at the Dumont high school. Many residents of Dumont joined in the celebrations and enjoyed the display of color and enjoyment.

Open Space taxes of Bergen County

From the upcoming month of November, many residents in the various towns of Bergen County will need to pay double the amounts in taxes than they are already paying for open space preservation. However, many people state that a large segment of towns is already paying high sums since years, and this sum is seen to be at double the normal amount. What is more alarming is that many taxpayers are unaware of the large sums they are paying. The advertised tax rate of Bergen County stands at 1 cent per $100 of property. However many residents in various towns of Bergen county are paying much more. Extra funds are levied from residents and are added to the municipal tax bill. One such town is Bogotá where the Mayor expressed concern on the doubled amount of tax money. Experts reveal that the discrepancy has also occurred because instead of calculating tax on the assessed value of property, it is being taken at the equalized value (a figure that raises the value of property further). While some argue that the practice is fraudulent, many state that assessed values in towns that have not taken up recent revaluations does not give the real figure. In towns like Englewood where recent revaluations have taken place, however, people may end up paying less in open space taxes this year.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County residents offered exclusive housing
Teaneck delays voting on master plan
Bergen county residents get better transportation
Hospital in Teaneck betters medical attention to residents
Englewood is welcoming rental condominiums

Bergen County residents offered exclusive housing

If you are seeking a luxury home in Tenafly or the neighborhood, then here is a property you must check out as soon as possible. A new luxury town house development called Crossings @ Tenafly complete with 44 Brick and Hardi plank units is all set to come up with plenty of features. The prices of these units that would come up on 3.5 acre luxurious stretch of landscaped land range quite affordably from $759,000 to $789,000.

At such good rates and in a wonderful locale, the housing property is a steal and a must-quickly-check-before-it-is-all-sold for all those seeking to buy a home in the Tenafly neighborhood. Each town house comprises of three bedrooms, 3.5 bathrooms and includes 2500 square feet of living space. Moreover, oak hardwood floors and granite counters add to the rich look of the luxury home.

Those interested in finding more details about the project can contact Prominent Properties Sotheby’s International, the sole agent offering the exclusive deal on the property. Spokespersons from the agency state that given the existing housing market and the affordable pricing of these luxury homes, units are expected to sell out soon. One can find out more details about the property at 201-341-4765.

Teaneck delays voting on master plan

After Teaneck residents protested that the borough of Teaneck was not placing much importance on the needs of the residents, borough officials in Teaneck postponed the voting on the new master plan.

This critical land-use document is a primary planning document for any town and helps to design the zoning regulations of the township. In the case of Teaneck, the six-year deadline awarded for updating the plan expired this week. Keeping this in mind, the board’s attorney had advised against the date extension, stating that this could attract litigation for the township. However the board chairman, Joey Bodner, stated that the extension of the voting time was a genuine attempt to obtain more input from the public.

Keeping this in mind, there would now be four more meetings and a final plan would be outlined on April 12, 2007. Issues with the master plan began to surface when residents heard that the board would not review the resident’s concerns on the plan updation due to lack of time. However the borough intended to improve the plan to suit requirements once it was put in practice. Whether the borough is taking a legal risk now with missing the deadline or is doing a much needed trust-building exercise, is a factor the borough will soon find out.

Bergen county residents get better transportation

Bergen County residents might get better transportation soon. While the Riverside Avenue tract on the Passaic River under the Route 3 Bridge in Rutherford has been deemed ‘undevelopable’ by borough officials, members of the state Department of Transportation have now found a commendable use for it.

The land which was thus valued at over $20,000 was purchased by the DOT for approximately $3,000. Last year the DOT had offered $500 for the same tract of land and the deal had been refused. Currently the deal over the three plots of land in the area is still in the final stages of negotiation. If all goes well, the land would be utilized in the Passaic River Crossing project.

This huge development project estimated at $200 million looks at improving transportation for residents by replacing the Route 3 Bridge and renovating the Rutherford to Clifton stretch of the highway. The packets of land thus purchased would assist in construction and allow for easier maintenance of the bridge in the future. The land would provide maintenance and construction crew with easy access to the bridge. The entire projected is expected to begin next fall.

Hospital in Teaneck betters medical attention to residents

Holy Name Hospital in Teaneck has tied up with Bogotá, in an attempt to provide prompt ambulance service, especially when volunteers are unavailable. Starting from February 26, 2007, this hospital would offer ambulance coverage at a time when it is difficult to retain volunteers. The hospital would cover calls for ambulance from 6 am to 6 pm on weekdays, the prime time when volunteer support is not available. Statistics reveal that currently the borough’s ambulance corps comprises of 25 volunteers, but only a couple of them are available during daytime. Also, the borough and the Teaneck Volunteer Ambulance corps are unavailable during the weekdays.

With approximately 750 calls for the ambulance in 2006, the borough of Bogotá sees this as a much needed step to increase support measures for the town’s residents. As per monetary arrangements, the Holy Name hospital would bill the insurance companies of the ambulance users while uninsured residents would be paid for by the borough. An amount of $7,155 has already been paid to the hospital for this year’s anticipated costs. The towns that can use the facility include New Milford, Englewood Cliffs, Oradell, and Ridgefield Park.

Englewood is welcoming rental condominiums

Housing developers in Englewood need not construct condos at the southern part of Route 4, following new developments that took place in the last week of February. For the past few years, the community of Englewood is promoting the construction of condos over rental apartments due to increased tax revenue. This has also led to the constructions of condominium projects like the Flat Rock square. This project initially comprised of 399 condos that were to come up on a stretch of 18 acres.

However this year, the outlook has been different. Experts in housing state that current trends in the housing market indicate an increased reluctance in banks to finance condominiums, unless they could be used for rental purposes. With this new trend, it is only wise to rent condominiums out, a concept that the Flat Rock Square project has adapted to. With the new call for rental apartments, the number of units would however be reduced to 377.The plan is inclusive of a 160-room hotel, offices and retail outlets. While many feel that the idea has only benefits in store for the town, there is a small percentage who disagrees. Ken Rosenzweig, the planning board and city council member expressed doubt over its viability and indicated that the decision was rushed.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County: Housing development projects to complete in 2007
Englewood helps affordable housing
Teaneck Holds a Housing plan
Teaneck on the road to development
Fairlawn Holds a Building plan

Bergen County: Housing development projects to complete in 2007

The area situated between Fort Lee and Jersey City has a few large housing projects along the riverfront which are due to complete, and residents moving into their new houses may soon become a common sight to behold. While plenty of construction took place in the year 2006, only very few houses could be completed and occupied.

This year the figures of occupancy will be much higher as more houses are complete and prices are also lower as compared to last year. One of the luxury housing projects in this area of Bergen County is 200-unit condos called the Watermark. Prices here range from $1 million to $4 million. Other developments seen in North Bergen are The Views at Hudson Pointe with 146 housing units and the Insignia Gardens with 50 unit condominiums approximately. It is also predicted that an increase in this form of housing will allow for a stable tax record and will not have any drastic impact on the traffic and resources of the town also.

A new ferry terminal would also soon come up and begin service from March 1, 2007 at the base of Route 5 and the River Road. Its course is still to be charted out. Also as most residents would be young couples, schools would also not be over burdened. As per current estimates, out of the 6000 people already residing in these constructions, only 30 children have been added to school.

Englewood helps affordable housing

Englewood is considering a tax on future construction. The revenue would be directed toward more affordable Englewood real estate. The amount known as ‘development fees’ would be charged at 1% of the assessed value of a housing property or 2% for a non residential development project.

As per a new ordinance introduced early in February, developers who receive either preliminary or final approval of site plan before the ordinance goes into action will be exempt from it. However developers who seek a substantial change in approval after the ordinance is accepted by the council vote, will be levied the new taxes.

With affordable housing obligations slated at approximately 200 over the next five years, officials state that the move could prove helpful. It could not just help in construction efforts, but also for rehabilitating buildings and purchasing private properties. A public hearing on the tax plan is scheduled to take place on March 13th. A council vote will also soon be passed on the ordinance.

Teaneck Holds a Housing plan

Teaneck put on hold a fourteen storey condominium complex about to come up and Bergen developers, the developers for the project, are reviewing future plans for the property. The proposal had been initially put forth the Teaneck zoning board of adjustment and had soon been withdrawn when the residents in the neighborhood protested the project.

The neighbors of the half acre plot in Teaneck off Fort Lee road, where the construction would have taken place, expressed concern over the increase in traffic and pollution that the building could cause. Residents also felt that the infrastructure of the neighborhood would not be able to cope up with an increase in number of people. Developers stated that the building would be an aesthetic improvement as it would replace the warehouse. As talks were on, Dennis McNeary, Bergen County executive entered the scene and wrote a letter to the authorities asking for the project to be approved.

Teaneck on the road to development

Teaneck is witnessing a various road and pedestrian improvement projects on Route 4. Timeline has been set for various projects like replacement of bridge across the CSX railroad tracks, Palisade Avenue and Windsor Road. Other projects include repairing or replacing sidewalks, stairways, bus stops and pedestrian crossings along Route 4.

The project of the bridge is estimated to cost $30 million and $1 million would be used for other projects. Feasibility assessments on the projects still need to be taken up and state officials hope to complete these assessments based on impact and cost by June 2008. The design element would complete by 2010 and construction is slated to begin soon after that.

However many residents are upset that the list does not include improvements on the Belle Avenue region, a clogged bottleneck at the Teaneck part of the highway. Officials and residents state that this is a major area of concern and the community must work together for finding a solution to the bottleneck.

Fairlawn Holds a Building plan

A high density townhouse project, slated to come up on the 13 acre polluted tract of the Clariant Corp. has been put on hold for the time being. This decision came up after the borough decided to delay voting on the issue up till March 6, 2007.

While an ordinance to covert the chemical factory to a residential area was passed in January 2006, Republican council members were against the attitudes of the Democrats and alleged that the council had allowed the builder his way on various key issues, especially on environment improvement. The site is a highly contaminated one and in the midst of a cleanup. However as per Republican council members, the ordinance does not need the developer to wait until the remediation is complete.

Another issue of contention was that the housing was not as much age-restricted as was previously discussed. Only a 48-unit gated community has been earmarked for the senior citizens, while there are 130 two-bedroom town houses.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County: a rise in demand for rental apartments
Bergen County: a reason to celebration for homeowners
Teaneck plans to change township plan
Teaneck worried about route 4 bridge condition
Bergen County’s Meadowlands: developments’ money taken, not used

Bergen County: a rise in demand for rental apartments
Bergen County and other parts of North Jersey forecast rise in house rents in the months to come. As per annual apartment report estimates, rents in North Jersey will rise by 3 percent while vacancy rates will remain below four percent. Though rent control laws are in place the figures are still quite high and growing for low and middle-income groups in the region.

As the housing industry throughout the nation suffers, the picture is a little brighter for rented houses in North Jersey mainly because of its proximity to the busy area of Manhattan. Demand for apartments has decreased and many prefer to continue staying in rental apartments.

The main reason for this could be accorded to decreasing available land and increasing housing projects coming up. A few upcoming housing projects include a $6.5 million project in Ridgewood and $11.5 million project in Hackensack. Two large rental projects in Englewood are also coming up at the Towne center in downtown area and Brownstones. Both are luxury housing projects and rents begin at approximately $1700.

Rental apartments show a growing trend and a rising figure with statistics showing that in Bergen County itself, one-third residents live in rented apartments. Percentages of rented apartments in Passaic county, Morris county and Hudson county stands at 47%, 22% and 6.6% respectively.

Bergen County: a reason to celebration for homeowners
Bergen County values continue to surge, say a property revaluation in twelve municipalities conducted in the year of 2006. Today as property values in Bergen County continue to surge, officials are hopeful that this would lead to a much-needed curb in tax increases.

As per the proposed plan for 2007, an average house assessed at $337,000 would have to pay an additional $16 in tax. This means that the overall tax increase has been noted at $24 million or 8% over last year. This growth is also affected by rising job vacancies and reduction in approximately 80 of the proposed full time job vacancies.

Various other increases include rise in health insurance, pension, debt services and education. However, now this hike would be balanced by the surge in property values, new constructions and additions of houses. The other declines include a reduction in the realty transfer fees that have gone down by $1.3 million.

Teaneck plans to change township plan

Teaneck plans to make a few revisions and changes in its township master plan. Various meetings are being considered in the month of February for finalizing ideas for the plan of the township. If things go as intended, then this would be the first detailed review of the master plan by the planning board in thirteen years. While the plan had been updated six years ago, a detailed review is still much needed.

As per schedule, public hearing would be conducted on February 8, 2007 at the Thomas Jefferson Middle School and on February 22nd at the Teaneck High School. Voting on the revisions by members of the planning board would then be conducted after the February 22nd hearings. Once the revisions are voted upon, the final results of the desired outcomes would be put up for public review at the township hall. The details will also be made available online at www.teanecknjgov.org after a few days.

Teaneck worried about route 4 bridge condition
Teaneck residents are worried about the condition of route 4 bridge, and think that the bridge is not safe to use. In this regard, the state transportation commissioner has promised citizens of Teaneck, that the decaying bridge would soon be replaced.

Additionally, the state transportation authorities have allocated $1 million for pedestrian improvements along the highway. As per Kris Kolluri, the transportation commissioner, top priority would be accorded to the bridge, which runs across CSX railroad tracks, Palisade Avenue and Windsor road. He added that the bridge was ranked the 37th worst among the 3000 bridges in the state system.

Addressing the concerns of people, he said that while decaying and structurally defective, it was quite safe for commuters to use. He also stated that the project work would cost $30 million for completion. Besides this major undertaking, public sidewalks, pedestrian crossings, bus stops and stairways along the highway would also be repaired.

Bergen County’s Meadowlands: developments’ money taken, not used
Bergen County’s Meadowlands residents are indignant of EnCap Golf (subsidiary of Cherokee Investment Partners), a real estate development company from North Carolina after it received huge sums in the form of state support for development of an upcoming project.

The main contention with the payment, which is in millions of dollars, is that while the organization has taken money for various works like disposing dredge spoils, none of them have completed as yet. As per the proposal of the project, the 800-acre site would include luxury housing and resort hotels also. Another major issue is the various financial arrangements between the state and EnCap. It has been confirmed that the governor’s office has referred the matter to the inspector general.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

Filed under: Bergen County News by AgentImage
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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Real estate taxes highest in New Jersey
Teaneck University to conduct Open house
New zoning ordinance in Teaneck
Eminent domain, not always the answer
Satisfaction survey in Teaneck

Real estate taxes highest in New Jersey

As homeowners in Bergen County and other parts of the neighborhood continue to pay huge sums in taxes, the situation seems very bleak for many planning to buy new homes in the neighborhood. The American Community Survey (ACS) released in 2006 by the Census Bureau clearly indicates the high amounts of money being paid as taxes by homeowners. As the report lists state and county rankings, it is sad to note that New Jersey ranks number one in median real estate taxes, among the fifty states. What is even more distressing is that New Jersey taxes are 40% higher than the taxes of New Hampshire, which ranks second. When it comes to county wise rankings of median real estate taxes, the story is still bleak. The ACS indicates that out of the top ten counties (that pay high taxes), seven belong to New Jersey. Bergen County also focuses on this list at the fifth position. The statistics reveal that median real estate taxes in this region stand at $7,237. What emerges directly from this survey is that while the tax problem looms large over the nation, the crux of the problem lies with New Jersey. With the highest tax burden in the nation, it is time to take corrective action to remedy the situation.

Teaneck University to conduct Open house

Open houses are a great way of knowing universities better and Fairleigh Dickenson University of Teaneck provides just that opportunity to all prospective students. The university would be conducting Open houses for its fall graduate sessions. Two of these events would be conducted. The first open house is scheduled for October 23, 2007 at the College of Florham in Madison while the second open house is scheduled for October 25, 2007 at the Metropolitan campus in Teaneck. These events would not only give students a chance to interact with the faculty, they would also have access to the various payment plans in the universities. The institute offers over sixty masteral, doctoral and graduate programs in the diverse areas of education, nursing, arts and sciences and business administration. Those interested in visiting the campus can register themselves through phone, email or by visiting the site www.fdu.edu/admissions. More details about the education programs and the events are also available at the website.

New zoning ordinance in Teaneck

A new zoning ordinance is expected to be introduced in Teaneck after many residents of the Teaneck road neighborhood got together to voice their concern against development in the region. The Teaneck road business district is a business cum residential zone, where condominiums were planned on a vacant lot. However residents living in the region expressed concern when a zonal review revealed that the region offered hardly any protection against high density buildings. Residents insist that the region is a township and must be retained in that manner. An ordinance has thus been proposed to ban mixed use development in the region. It also proposes to limit the construction of buildings up to two floors only. Single and two family homes, offices retail stores and banks are permitted as per the proposal. Various other prohibitions on pawn shops, adult bookstores, motels, bowling alleys, massage parlors, liquor stores and motels have also been suggested. While residents are enthusiastic about the proposal designed by them and are hopeful that this would give developers good idea on the kind of construction sought, many officials are skeptical. They feel that the proposal does not match the master plan of the region which recommends mixed use constructions.

Eminent domain, not always the answer

While construction plans devised on the basis of invoking eminent domain seem lucrative, they are not always workable. The power of eminent domain allows the government to take over privately owned properties that are unused or underused and convert them into public use. After the Supreme Court ruling in 2005, many developers have proposed projects on blighted properties. Many such proposals have been put forth in Bergen County also, in the regions of Englewood, Cresskill, Clifton and Ridgefield. While a few of these have successfully been completed, most of the ideas have been rejected. One example of this was visible at Little Ferry, where a twelve acre area was planned out for a hotel with condominiums and other facilities. However, the project was shelved as residents protested that many of their homes would be condemned as blighted under eminent domain. However a couple of projects have moved forward like the $40 million worth of downtown redevelopment in the region of Cliffside Park. After the new constructions, the blighted area would include residential apartments, retail stores and also a restaurant.

Satisfaction survey in Teaneck

The township council and staff of Teaneck are now undertaking a new exercise to understand the satisfaction levels of residents and visitors to Teaneck. Known as the satisfaction survey, this study tries to understand how satisfied the various residents of Teaneck and visitors to the town are with the different Township departments. The study would thus measure effectiveness in response and quality levels of service offered at the various departments in the township. The survey is open to all, and those interested in participating can take the forms from the different township departments. The results of the survey would be used to improve services in the region, so as to match the needs of residents and visitors. A copy of the survey form can also be downloaded online at http://www.teanecknjgov.org. More details about the survey and queries can be addressed to admin@teanecknjgov.org.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County offering Exclusive Luxury House
Home Sellers Pace up Efforts as Housing Slows Down
Bergen County is housing the homeless
Bergen County Housing Slows Down
Eminent Domain: A Topic of High Awareness

Bergen County offering Exclusive Luxury House

Bergen County may offer you a solution, if you are looking for an exclusive luxury house. Ho Ho Kus’ house, designed by architect Myron Goldfinger, comprises of a two story living room, TV room and a bedroom wing with a master bedroom and two more bedrooms with two baths. Besides these the house also has the standard kitchen and dining rooms. What is special about the house is its unique design that resembles a modern beach house and offers a glimpse of modern architecture.

Most of the furniture in the house is built in too and follows the color combinations of grey, white, purple and chrome. The couple who own the house intend to sell it off as they want to move closer to their grand children. The house has been on the market for a year now and is listed for $1.99 million. As the housing market slows in pace, the price of the house has come down from $2.4 million.

Home Sellers Pace up Efforts as Housing Slows Down

Housing market in Bergen County and other parts of New Jersey experiences a slowdown, forcing sellers to boost their efforts by using innovative and new incentives. Yes, giving incentives has been a common trend, but it has usually been in the form of assistance with closing costs, property taxes or with maintenance charges. Some sellers have gone as far as offering free furniture cabinet upgrades also.

However trends have changed today and incentives are more exciting. For example in Demarest, builder American Properties of Iselin are offering exciting offers for people who purchase at the Bellaire Luxury Townhome Estates. They are offering to give away Maserati (costing $125,000) to a buyer among the thirty four multi-million-dollar town homes. These luxury town homes cost $2.2 million to $3.6 million each are being constructed in the style of a French chateau. While seven houses have already been sold in the Bellaire project, since it opened in Spring last year, many feel that the Maserati promotion will push sales further.

Bergen County is housing the homeless
Bergen County planning board unanimously approved a senior housing plan with 108 units. This project would be housed partly in Woodcliff lake and partly in Montvale. The site is currently occupied by ‘The Rink’, a roller-skating complex and there have been plans to keep the complex open for the eight months during the construction of the housing complex. However this prospect was rejected after Woodcliff lake officials expressed concern over the safety of children and adults who used the rink during construction.

As per current plans, housing construction will begin as soon as the rink is closed and the developer K. Hovnanian receives the building permit. However the owners of the rink, Marianne Dill and her husband, are not very pleased with the decision. They stated that they planned to operate the rink over the time frame as they had to fulfil many pending contracts with various charities. As the developer has also agreed to pay for a 6-foot steel fence separating the construction site from the skating rink and has agreed to hire a security guard, few officials also feel that restrictions over the skating rink were unnecessary. Traffic experts, engineers and the police departments of both towns had also approved the safety of a new full-access entrance and exit for construction vehicles.

Bergen County Housing Slows Down
The National Association of Realtors showed figures in New Jersey to represent a 16% drop in the sales price of existing homes from the second quarter of 2005 to the second quarter of 2006. Thus while figures represented sales of 188,600 in the second quarter of 2005, they have been on a steady decline since then. In the fourth quarter of 2005, sales were at 176,000 and went down to 157,900 in the second quarter of 2006. This data includes single family homes, condos and co-ops.

Eminent Domain: A Topic of High Awareness
Today many residents across the United States approve eminent domain by a large margin. Officials and people feel that the reason for this could be an increase in awareness and an increasing interest in property rights issues, due to ongoing cases in Lodi. Thus when residents from 12 states were asked to vote on the local government’s usage of eminent domain for seizing private property, a majority from ten states approved eminent domain and its initiatives.

Arizona, Florida, Georgia, Louisiana, Michigan, Nevada, new Hampshire, North Dakota, Oregon and South Carolina approved eminent domain referendums, while California and Idaho rejected the same. Even with such a widespread interest in the issue and with 34 states so far approving referendums, New Jersey still does not feature among these states. Many feel that this may not be an issue for hue and cry as the state, residents and legislators are already working to address property rights issue.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Alpine brings the richest homes in Bergen County
More affordable housing in Bergen County
Housing constructions in Highlands cause concern
Meeting on the issue of parking in Teaneck
Senior housing in Leonia

Alpine brings the richest homes in Bergen County

Alpine in Bergen County is not only home to popular people, it is also the town with the most expensive housing in Bergen County. Statistics reveal that the median price of a home in this region stands at $3.4 million, which is much above the county average. It is also reported that at this average, the town has the most expensive ZIP code, only after the Fisher Island at Miami Beach. The area continues to attract many despite its high prices because of its proximity to New York, its low taxes and most importantly its exclusive atmosphere. The town also offers zoning area of one to two acres which lures many buyers, as people seek space in crowded areas. The land here is very valuable report many officials and well located. Currently many houses are being renovated or completely revamped in Alpine as builders are replacing old homes with stylish houses that come with indoor pools, well equipped kitchens and various other new age facilities. Such houses sell for even higher. One such expensive deal was the sale of Frick estate in 2006 when 63 acre stretch of land in Alpine was purchased for $58 million by Richard Kurtz. Currently the land has taken the shape of over ten housing lots, with each priced at over a million.

More affordable housing in Bergen County

Approximately fourteen towns in Bergen County may now benefit from affordable housing, as borough officials now plan to bring over 3000 such units to these towns. The Meadowlands commission, set up for the purpose of bringing more affordable housing will now closely examine as to which kind of constructions can include low to moderate forms of housing for people. While plenty of plans are already in place for affordable housing, officials feel that there is still a large gap between demand and supply. Much needs to be done, and the Meadowlands commission will determine how. Different people from various groups reacted to the news differently. While builders and housing advocates stated that the regulations did not go far enough, many municipal leaders felt otherwise. A review process will soon begin whereby each application with a zoning certificate would be reviewed to study the extent of affordable housing that can be included. In order to ensure transparency in operations, all applications posted to the commission would be posted at http://meadowlands.state.nj.us/.

Housing constructions in Highlands cause concern

As per a new study, over ten thousand homes could potentially come up in the well preserved regions of Highlands. This came through when the Highlands Act was studied for its exemptions. As per these exemptions, single family homes can be constructed in the region if the landowner has ownership of the piece of land by August 10, 2004, time during which the law was enacted. Besides such parcels which account to over ten thousand homes, over twelve thousand houses could also come up in the outer ring planning region, if all goes as per the exemption. With privately owned land in the region totaling to over 350,000 acres, housing here can prove to be a large threat to drinking water sources in this region. In the current light of things, officials reflect that they would have to find means and develop programs that encourage landowners to either not exercise their right in the region or take up construction in a region that is more appropriate for development. With one third of the region already earmarked as open space, many experts also feel that the exemptions are not as many as have been specified. Also with construction of each home limited to only one acre, despite the size of the land parcel, housing should not cause many issues here.

Meeting on the issue of parking in Teaneck

A public meeting will be held in Teaneck for the residents to discuss the various issues on commuter parking through the town and on the installation of parking meters in business districts. The meeting is scheduled to be conducted on October 15, 2007 at the Richard Rodda Community center. All residents of Teaneck, owners of business and property are invited to attend the meeting which would be held from 7pm onwards on that day. The discussion aims to help people attending the meeting voice their views and concerns regarding the current situation of parking and discuss means to improvise on the current situations. More information on the meeting can be sought by dialing 201-837-4807 or by sending in an email to admin@teanecknjgov.org.

Senior housing in Leonia

If there was one thing that could bring out senior citizens on a cold night, it was the lure for cheap housing. Many seniors of Leonia were seen to camp out on the night of Tuesday, September 18, 2007, for securing cheap housing options. The Glenwood Retirement Housing has been offering 75 units of housing at subsidized rents for people over 62 years of age. Perhaps it was the unusual option of first come first served basis in Leonia that attracted many to spend the night out on benches. Renting options were on in the Leonia senior complex, and people reported that rents were federally subsidized for the one-bedroom houses, ranging from $25 to $1025 for every month. This is much lower than the average rents at Bergen County that stand at $1367 and are constantly rising. Also the demand for subsidized senior housing is on a constant rise with a wait of approximately four years. While the managers of the Leonia complex knew expected the large turnout of senior citizens, they reported that their camping out the entire night was quite unexpected. Besides the low rents, many also stated that the building was well maintained and situated in good proximity to transportation.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County moves to cut costs
Tenafly spruces up Teddy
Bergen County is housing the homeless
Ferry service for Bergen County, Edgewater

Bergen County moves to cut costs

Bergen County Utilities Authority and the Edgewater Municipal Utilities Authority may merge into one, in a move to cut costs. This proposal came up after a two-year consolidation study that revealed the pros and cons of the merger and showed significant savings if the move was put in place.

Another move that was also considered but later rejected was a merger with the Northwest Bergen County Utilities Authority. As per the move on BCUA and Edgewater merger, officials cited that the move would save Edgewater residents and taxpayers up to $1 million a year for twelve years and would save $300,000 a year for Bergen residents and taxpayers. The amount would work out to savings of an average $250 per year for twelve years for Edgewater residential taxpayers. The commissioners at BCUA voted in the last week of October 2006 to authorize the executive director to negotiate a merger with Edgewater. However Edgewater officials still need to give their consent on the move.

Tenafly spruces up Teddy

The centre of Tenafly town is now proudly presenting a relief sculpture of Theodore Roosevelt dedicated in 1928, after it been put back to its original shape. Many Tenafly residents participated in the refurbishing and rededication of this monument. In the mid 1990s the monument had broken at a number of places and had been painted with a lot of graffiti. The engraved quotations had also been eroded by rain and winds.

Eight years ago, a longtime resident who had been around during the dedication, went to the Historic Preservation Commission and suggested that Teddy deserved a better treatment. In response to this suggestion, $200,000 were spent, graffiti removed and the broken pieces were mended. Also the various quotes that were eroded were re-engraved for easy reading. Soon landscaping touches were also added and on the birthday of Theodore Roosevelt, the sculpture was rededicated to him.

Over 30 preservation buffs braved the gusts of wind to attend the function and participate in coffee drinking and listening to rededication speeches. Chairman of the Historic Preservation Commission, Donald M Merico, stated that the Tenafly monument was important as it was one of the 26 publicly accessible monuments dedicated to Roosevelt and one that focused on conservationism. Currently in the state historic register, the monument would now be considered for the national historic register.

Bergen County is housing the homeless

Bergen County now creates more space for the homeless as a new homeless shelter is all set to come up at River Street and East Broadway in Hackensack. A group of one-storey sheds that previously stood there for housing raw material were razed down for the project.

This shelter has been in discussion and planning stage for years now and Hackensack officials were debating the construction of a larger shelter as it would bring more homeless people into the area. However in early 2006 the county finalized the Goldberg site, which is away from the main street.

The project includes the construction of a two-storey building spread over 26000 sq ft. This would comprise of 100 beds, a 140 member capacity cafeteria, Internet access, medical examination room, parking area and a recreation ground also. The project would cost $6.2 million approximately and is scheduled to be complete by the winter of 2007 or by early 2008.

Ferry service for Bergen County, Edgewater

Residents of Bergen County, Edgewater and people who work there will now have the benefit of a new ferry service that takes them to Manhattan. While the maiden voyage of the service took approximately eleven minutes from Edgewater to Manhattan, on November 1, 2006, day of the launch, commuters may be in for a longer ride when the service presses into real-time action next year.

In its first voyage, the ferry sailed from Edgewater to Midtown and then to Manhattan. However Arthur Imperatore Sr., the founder of NY Waterway said that the regular route would include a stop in Weehawken before going to Manhattan. This is imperative for enhancing the economies of travel feel the officials.

While the service seems promising, it has its set of drawbacks. One is the delay that commuters foresee at the Weehawken stop. Secondly and more importantly is an absence of parking area at the ferry stop. This means that bus service to the region would be crucial and motorists would not have the option of stopping here to board the ferry. The project was estimated to cost $16 to $18 million, but is currently 28% above budget. The council has also approved ten change orders on the project. This includes the construction of a canopy on the walkway that leads to the ferry. This change was put on request by the Port Authority.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

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Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

February 2009 – week 1 Issue

New Yorkers look at Bergen County
Bergen County celebrates its diverse art forms
Bergen County home prices fall
Run down industrial spaces converted to residentials
Options for home seekers

New Yorkers look at Bergen County

Statistics now reveal that many residents of New York are finding Alpine, Tenafly and the neighboring towns of Bergen County as an ideal location to relocate. The main reason for this has been a rise in New York’s taxes. Statistics also reveal that many want to raise their children in less urban regions and hence find Bergen County an ideal location. Studies revealed that people are also seeking better education facilities, which Bergen County provides through its excellent schools. The prices of homes are also a factor. Similar condominiums in New York and Bergen County often have a price difference of approximately $300,000. As per the New Jersey Multiple Listings Service approximately 6.9% of single family homes in Bergen County were purchased by people from New York. Sales of 5% condominiums and town houses were made to New Yorkers too.

Bergen County celebrates its diverse art forms

Bergen County is not only home to its residents of various cultures but also to the varied forms of arts. These are thus celebrated events when residents from the diverse Bergen County towns come together to celebrate music and dance in the region. One such upcoming event is the cross-cultural music concert. Set for February 14, 2009, this event will be conducted at the Bergen Community College. It will bring together jazz, folk and pop music from well known artists. Tickets priced at $10 for adults and $8 for children can be availed at the venue. Music lovers in Bergen County can also attend the winter music concert scheduled for February 9, 2009. Organized by the Bergen County Academies, this event will be conducted at its auditorium in Hackensack. Another event that celebrates both art and Bergen County is the upcoming art exhibition by local artist Maryanne Montone Tursi. Being a lifelong resident of Bergen County, her paintings reflect the beauty of the region. The exhibition will be on display through February and March and can be viewed at the Glen Rock Library and at Crooked Halo Gallery.

Bergen County home prices fall

The housing market is fast emerging as a buyer’s market, as home prices continue to decline in various places. In the New York metropolitan region and in North Jersey home prices were note to go down by 8.6% in November 2008 as compared to November 2007. The real estate market for Bergen County showed a decline in single family home prices by 7.8% in November 2008 as compared to the same month in the previous year. The New Jersey Multiple Listing Service indicated median home prices of $470,000. These statistics released by the Standard & Poor’s Case-Shiller index also indicated that the regional housing market is less stressed as compared to the national housing market where the decline was at 18.2%. In areas like Las Vegas, San Francisco and Phoenix, the housing decline was more noticeable when prices fell by as much as 30%. While the housing market is low, sales are slow too and the region of Bergen County reported a 16% drop in sales for Bergen County. In Fort Lee too, prices were seen to drop by 20% from its peak. Experts state that this is because buyers are cautious about the changing economy, unstable markets and foreclosures that continue to drag down the market.

Run down industrial spaces converted to residentials

Despite the real estate slump, constructions are on and many new residential complexes are coming up. These residentials are usually replacing old factories and warehouses that have long been eyesores in Bergen County and the neighborhood. Despite the low sales and slow real estate, these conversions continue to be attractive for many reasons, say developers. One main reason is stated to be the affordability that comes from such conversions. Home buyers can thus avail of highly modern apartments for much lesser costs. Another reason is the provision of interesting architecture. Conversion of old spaces often gives architects creative outlets that further lead to creation of creative homes. All this is provided in a real well established neighborhood. Few examples of such conversions include the Cracker factory in Trenton, Canco Lofts in Jersey City and Dixon mills in Jersey City. The occupants in these complexes are a mix of young families, and young couples having children.

Options for home seekers

The changing economy has become a vital reason for many potential home buyers not to invest. Different people living in different parts of Bergen County and those planning to buy a home in Bergen County have thus adopted diverse strategies to save money or pay off their existing debts. Some continue to live on rent till they get the apartment and the deal that is ideal. Statistics reveal that the market for rentals for age group 24 to 30 has gone up as home buying becomes trickier. Also rents have gone down, and there is an average rent decrease of 0.4% from October to December in 2008. In areas like Fort Lee where the market has more of rented apartments, garden apartments continue to be rented at approximately $1100 while new buildings get up till $3000 per apartment. However, those who still find the rents steep prefer to live with their parents to save money for home ownership. Economists from organizations like the National Multi Housing Council add that while the recession has its negative side, it is also working in a positive manner and motivating people to live with parents and family. Besides renting and moving back with family, there is also a segment of people keeping a close eye on the current market and sealing their deal on suitable properties.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

• 14 Questions to ask a Realtor
• 5 Powerful Buying Strategies
• 9 Deadly Mistakes Home sellers Make
• Additional Reports
• How To Get Top Dollar In Any Market
• Making the Move Easy on the Kids
• Six Ways To Beat The Stress Of Buying A Home
• Different Reasons to Own Your Own Home
• Things You Should Know about Moving
• When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

Filed under: Bergen County News by Eran Eisenberg
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