What Is This Real Estate?

Real estate refers to land and anything permanently attached to it, including:

  • Buildings (residential or commercial).
  • Natural resources like minerals, plants, and water.
  • Improvements made to the land (think fences, roads, etc.)

In essence, it’s anything considered real property, rather than personal property you can move around.
 There are different categories of real estate, like:

  • Residential: This is the most common type, encompassing houses, apartments, condos, and other dwellings.
  • Commercial: This includes buildings used for business purposes, like offices, retail stores, and hotels.
  • Industrial: This refers to property used for manufacturing and production, like factories and warehouses.
  • Raw Land: This is undeveloped land that could potentially be built on.
  • Special Use: This covers properties used for specific purposes, like airports, schools, and hospitals.

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