Hastings Troy real estate
There are several types of real estate, each with a unique purpose and utility The main categories are: Land Residential Commercial Industrial For anyone looking to understand how the industry works and what each of the major categories represents, the explanations below will be a helpful guide. #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. Hastings Troy News Business Advice #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. Hast...