Real estate is something that remains fixed in a permanent manner and cannot be moved. Another popular name given to real estate is real property and some of the examples include apartments, roads, structures, trees, roads etc. And with these examples is it possible to buy, sell, lease or transfer the property. Some of the types of real estate are as follows.
- Residential Real Estate –A residential real estate is a structure built for the sole purpose of living. This type of real estate can also be used in the form of commercial to run an office or a store in order to earn profit. Residential real estate is considered by many investors that allow them to generate a good amount of profit.
- Industrial Real Estate –Industrial real estate is a structure used for the purpose of carrying out industrial activities. Production, research, manufacturing, storing, distributing are some of the industrial activities.
- Commercial Real Estate – A structure that is built however, not for the purpose of living is called as commercial real estate. Some of the examples of commercial real estate include; shopping malls, IT Industries, offices, parks etc. This type of real estate is solely based on generating profit.
- Land – A land is a flat ground which is under 3 stages. The stages are; early, under or complete.
These are some of the types of real estate. If you are interested in investing in one, make sure you hire the best property development lawyers.