What is Real Estate?
According to Investopedia, Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made including water, trees, minerals, buildings, homes, fences, and bridges. Real estate is a form of real property. It differs from personal property, which are things not permanently attached to the land, such as vehicles, boats, furniture, and farm equipment.
Broadly speaking, real estate includes the physical surface of the land, what lies above and below it, what is permanently attached to it, plus all the rights of ownership, including the right to possess, sell, lease, and enjoy the land.
Corporate Finance Institute also states real estate as a real property that consists of land and improvements, which include buildings and tangible assets, tangible assets are assets with a physical form and that hold value. Examples include property, plant, and equipment.
In summary, Real Estate could be seen as the buying and selling of property.
We have about four types of real estate, which are land, residential, commercial and industrial and these are the main categories of real estate.
Land here is a vacant land, could be an underdeveloped area, a farm or even a ranch.
According to Wikipedia, Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.
Commercial real estate includes shopping malls, educational buildings, offices or even apartments, hotels etc, it mostly includes land and buildings that are used for commercial/business activities.
Lastly, Industrial real estate includes land and buildings that are used for industrial activities like factories, construction, warehousing, research and production.
Corporate Finance Institute tells us about the overview of real estate, that is the different area real estate can be divided into, we have development, sales and marketing, brokerage, property management, lending and professional services.
August 19, 2021
August 6, 2021
July 28, 2021
About Our Blog
We are so happy you’re here!! It's our desire to serve you with quality information on Real Estate, Tourism, and Business Setup; and it's our hope that you'll enjoy them.