When it comes to staying permanently fixed such as a material or an object is called real estate. Real estate is also known as real property and some of the examples include; roads, apartments, trees, utility system etc. These are some of the types of real estate.
- Industrial Real Estate –A structure built for the purpose of carrying out industrial activities is called as industrial real estate. The industrial activities include storage, production, distribution etc. An industrial real estate can also be regarded as commercial when it comes to goods distribution.
- Residential Real Estate – A structure built for just one purpose and that is living is called as residential real estate. Now a few residential real estates can also be considered as commercial such as using it as a storage facility or running an office. Many investors prefer to invest in such type of property in order to earn a profit.
- Commercial Real Estate – A structure built for just one purpose and that is to earn money is called as commercial real estate. Shopping malls, big parks, offices, IT industries are some of the examples of commercial real estate. The other purpose of commercial real estate is that the customer receives a service from a business.
- Land – A flat ground or soil which is found to be in the early developmental stage is called as land.
These are the most important types of real estate. If you’re looking to invest in any one of the types, always hire the best property law lawyers to ensure everything works out smoothly.