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December 2009 – week 2 Issue
Homes have special places
Improved communication services in Bergen County
Inheritance tax to be levied on luxury properties
Power saving measures in Bergen County
New condominium development in Edgewater
Trends across Bergen County towns indicate that homeowners are utilizing the space in their homes in more novel ways than ever before. While creating space for children and their things has been common, today’s trends indicate that women are creating space for themselves. According to interior designers who often work on such places, women-oriented rooms are much different. These are closer to the kitchen and use plenty of natural light. They also tend to be much more airy and have less expensive gizmos than rooms made for men have. Women-oriented rooms are also decorated in pastel shades that seem more appealing. Research by experts in interior decoration shows that women prefer to have such spaces as a way to get away from the daily household grind. Many women also use these spaces to manage their paperwork, bills, daily chores, office materials, children’s study materials, etc. Depending on personal tastes, many women prefer to add study tables, storage cabinets or exercise bikes in their rooms.
Improved communication services in Bergen County
Residents of Teaneck and Tenafly in Bergen County and visitors to the region can now benefit from improved technologies that have recently been made available to them. Under the Verizon Wireless 3G network expansion program, users can now access improved facilities in wireless calling, text, audio and video messaging and surfing the mobile web. Made available to users of the Verizon wireless network, this high speed technology means ease in communication for its busy users. These improved features of the network are part of a multi-billion dollar network investment plan of Verizon Wireless. The plan has been put into action to serve customers better and to answer the growing demands for the company’s voice and data services. In the towns of Teaneck and Tenafly too, the services are currently limited to certain regions only. These include certain areas of the Elizabeth Avenue and Palisade Avenue in Teaneck and select areas of East Clinton Avenue and Hudson Avenue in Tenafly.
Inheritance tax to be levied on luxury properties
A 45% inheritance tax will soon be levied on luxury properties in Bergen County and other areas of the nation. According to the bill, properties that are over $3.5 million in value will need to pay this tax. Married couples who plan their real estate wisely can also exempt taxes up to the value of $7 million, state real estate experts. This bill came up after much deliberation and won in the House after a 225-200 vote. Approval of the bill also means that the one year repeal of the tax, which was to begin next month, will now be cancelled. Currently the bill has passed the House and similar legislation is pending in the Senate. Experts say that health care issues may take precedence in the Senate and the bill may only be passed after the holidays.
Power saving measures in Bergen County
Government organizations of Cresskill can now benefit from green solutions offered by the New Jersey Board of Public Utilities (BPU). According to the Economic Stimulus Funding program, PSE&G will offer the Direct Install Program for government facilities. Under this program, customers will be able to reduce energy consumption through cost-saving strategies: 80% of the installation costs will be borne by PSE&G while only 20% will be borne by the consumer. For the program that benefits government facilities, an on-site audit will be performed by the organization free of charge. Initially the program will be made available to municipal, county and state governments. Thus various offices, court rooms, sanitation department buildings, town halls and fire department buildings can benefit from the exercise. While all government organizations will be given equal preference, those using power of over 200 kW annually will be treated on a case by case basis.
New condominium development in Edgewater
A nine-story condominium is soon proposed to come up at River Road in Edgewater. This ten unit project will be located near Route 5 and will include underground parking. While all seems suitable for the new construction, it has currently come under questioning by residents of neighboring communities for various reasons. The lawyer representing the neighboring properties brought concerns to SGS Development, the planner for the project. The planners spoke to members of the Board of Adjustment in the last week of November, comparing the proposed building to other neighborhood constructions and adding that the building was comparable to those around it. Nine variances are being sought from the borough code for the construction, allowing a taller building with smaller yards towards the front and side. A second hearing is scheduled for 14 December 2009. The application submitted by SGS has been with the zoning board since July.
Buy a Home in Bergen County
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