Types of Real Estate
Many people really have not given much thought to the different types of real estate that is part of this billion-dollar industry.
There are five basic real estate types:
- Residential real estate includes condos, single-family homes, duplexes, triplexes, apartments, town homes, and mobile homes.
- Agricultural real estate includes farms, timberland, ranches, and orchards.
- Commercial real estate includes office buildings, retail stores, shopping malls, theatres, and parking lots.
- Industrial real estate includes factories, warehouses, as well as research and development facilities.
- Special purpose real estate includes government buildings and land, schools, churches, and hospitals.
If you are interested in buying real estate in any one of these areas you should seek the advise and help from a real estate professional the specializes in the area you wish to invest in.
