Real Estate

Opportunity to gain ownership

What is Real Estate?

Real estate is real property that consists of land and improvements, which include buildings, fixtures, roads, structures and utility systems. Property rights give a title of ownership to the land, improvements and natural resources such as minerals, plants, animals, water, etc.

Real Estate

Types of Real Estate

There are several types of real estate, each with a unique purpose and utility. The main categories are:

1 Land

Land is the baseline for all types of real property. Land typically refers to undeveloped property and vacant land. Developers acquire land and combine it with other properties (called assembly) and rezone it so they can increase the density and increase the value of the property.

2 Residential

Residential real estate consists of housing for individuals, families, or groups of people. This is the most common type of estate and is the asset class that most people are familiar with. Within residential, there are single-family homes, apartments, condominiums, townhouses, and other types of living arrangements.

3 Commercial

Commercial property refers to land and buildings that are used by businesses to carry out their operations. Examples include shopping malls, individual stores, office buildings, parking lots, medical centers, and hotels.

4 Industrial

Industrial real estate refers to land and buildings that are used by industrial businesses for activities such as factories, mechanical productions, research and development, construction, transportation, logistics, and warehousing.

Examples of Real Estate

Single-family dwelling

Any home designed for only one family

Multi-family dwelling

Any group of homes designed for more than one family

Attached

Any unit that’s connected to another (not freestanding)

Apartment

An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.

Multi-family house

Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.

Condominium (Condo)

A building with individual units owned by individual people.

Detached house

A free-standing building not connecting to anything else (a stereotypical “home”)

Portable house

Houses that can be moved on a flatbed truck

Mobile home

A vehicle on wheels that has a permanent residence attached to it

Villa

A building with only one room and typically a steep pointy roof

Hut

A dwelling typically made of raw materials such as bamboo, mud, and clay

Real Estate

What is Real Estate?

Real Estate

Types of Real Estate

1

Land

2

Residential

3

Commercial

4

Industrial

Examples of Real Estate

Single-family dwelling

Multi-family dwelling

Attached

Apartment

Multi-family house

Condominium (Condo)

Detached house

Portable house

Mobile home

Villa

Hut

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