Scribd
Upload
240 views2 pages

Real Estate Basics for Beginners

Real estate refers to land and anything permanently affixed to the land such as buildings, trees and minerals below or above ground. There are four main types of real estate: residential which includes single-family homes, condominiums and apartments; commercial which includes retail properties like shopping centers and offices; industrial for manufacturing and warehousing; and vacant land for farming or development. Real estate is an important asset class and understanding the different types is essential for those investing in or working within the real estate industry.

Uploaded by

James Dee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
240 views2 pages

Real Estate Basics for Beginners

Real estate refers to land and anything permanently affixed to the land such as buildings, trees and minerals below or above ground. There are four main types of real estate: residential which includes single-family homes, condominiums and apartments; commercial which includes retail properties like shopping centers and offices; industrial for manufacturing and warehousing; and vacant land for farming or development. Real estate is an important asset class and understanding the different types is essential for those investing in or working within the real estate industry.

Uploaded by

James Dee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

What is a real estate?

What is a real estate?


Real estate is the property, land, buildings, air rights above the land and underground rights below the
land. The term real estate means real, or physical, property. “Real” comes from the Latin root res, or
things. Others say it’s from the Latin word rex, meaning “royal,” since kings used to own all land in their
kingdoms. The U.S. Constitution initially restricted voting rights to only owners of real estate.

Four Types of Real Estate


There are four types of real estate:

1. Residential real estate

It includes both new construction and resale homes. The most common category is single-
family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers,
quad plexes, high-value homes, multi-generational and vacation homes.

2. Commercial real estate

It includes shopping centers and strip malls, medical and educational buildings, hotels and
offices. Apartment buildings are often considered commercial, even though they are used for
residences. Investment tips is very important to make you investment success. That's because
they are owned to produce income.
3. Industrial real estate

It includes manufacturing buildings and property, as well as warehouses. The buildings can be
used for research, production, storage, and distribution of goods. Some buildings that distribute
goods are considered commercial real estate. The classification is important because the zoning,
construction, and sales are handled differently.

4. Land

It includes vacant land, working farms, and ranches. The subcategories within vacant land
include undeveloped, early development or reuse, subdivision and site assembly.

You might also like