Real estate comprises all types of real property, which includes buildings, plots, monuments, etc., which may be used for any purpose. It is one of the most important aspects of economics and planning, since it can increase the value of a certain property or cash flow. Real estate investing is now getting more popular due to its many benefits. If you want to invest in real estate, you must first understand its pros and cons. This will help you make a wise decision when it comes to investing.
These are the main categories of real estate investment. On the residential side, there are Single Family Residential Real Estate, Multi-Family Dwellings, ominiums, row homes, duplexes, and developments. On the commercial and industrial front, there are Commercial Real Estate Properties, Industrial Real Estate Investments, Misc. Developments, Manufacturing Real Estate, Mortgage Real Estate, and Residential Mortgage Real Estate. In between these categories there are Special Economic Zones, Eco-Advertising Real Estate, and Religious Land Real Estate
Apart from these, there are also several other categories of real estate like commercial real property, industrial real estate, single-family residential properties, and commercial properties among many others. Some examples include commercial real estate that include office buildings, warehouses, shopping malls, industrial complexes, and strip malls; residential real estate that include houses, apartments, condos, townhouses, and mobile homes; commercial real estate that include agricultural land intended for growing crops; and Misc. Developments, which are mainly for infrastructure and development of neighborhoods or cities. Other examples include tax lien properties and government-backed mortgages.
However, even though this list is quite long, you can notice that most of the properties in the list are man-made materials. The common materials used to make real estate include wood, concrete, steel, aluminum, stone, glass, and plastic. Most of these are utilized to make homes and bungalows. This list also covers the wide variety of machinery used to build homes including tractors, aircraft, and watercraft. One good thing about the list is that most of the homes and buildings are designed in accordance with ecological and sustainability principles.
In the 21st century, land is becoming a scarce resource due to its rapid pace of development. In response, real estate developers are making use of man-made materials such as bricks, concrete, tiles, steel, and lightweight metals in their buildings. There are also those who prefer to use natural materials for their real estate properties. One example includes using wood as material for man-made residential buildings that are supposed to be permanent fixtures.
Another important thing you need to know is that regardless of the type of real estate project you have in mind, whether it is a residential house, office building, or a shop, the land it sits on cannot be permanently attached to other real estate properties. Permits are required in order to construct permanent fixtures on your land. In the past, you would need to submit applications for permission for any construction on your property. However, because of the current laws, the process has been made easier and less time-consuming. You just need to fill out a form indicating that the building proposed to be constructed on your land cannot be permanently attached to another property.