- Understanding real estate properties will help you make better decisions when investing and avoid deception.
- There are different types of properties, so you should analyze which one best suits your needs.
Talking or hearing about real estate is very common, but sometimes we are not clear about the meaning, its terms, and everything it encompasses. There are various types and classifications that should be understood to provide better service to clients or make the best decision as an investor.
Therefore, if you are an advisor, broker, real estate agent, developer, or someone looking to learn more about the real estate sector for investment, keep reading, as Coldwell Banker Mexico will provide you with the information you need on the subject.
What are they?
Real estate properties, also known as real estate, are part of the land with any improvements or modifications, which can be permanent, natural, or made by people. Additionally, they cannot be moved, meaning they are characterized by being inseparably attached to the surface, both physically and legally, as they are assigned to an owner in a public registry. Examples include land, commercial spaces, residential properties, or buildings.
Therefore, real estate properties include everything that is part of the physical area of the land, what is above and below it, what is permanently attached, as well as all property rights; among them are the rights to sell, lease, and enjoy what is offered.
How are they classified?
Once it is established what real estate properties are, here are the main types that exist:
• Residential: Refers to any property used for housing purposes, such as condominiums, duplexes, houses, apartments, or multifamily buildings with fewer than five individual units.
• Commercial: Includes buildings used for commercial purposes, such as gas stations, parking lots, supermarkets, hospitals, hotels, offices, restaurants, shopping centers, stores, and theaters.
• Industrial: Includes any property dedicated to manufacturing, production, distribution, storage, and research and development, such as factories, power plants, and warehouses.
• Land: Refers to undeveloped or unmodified property, such as vacant lots and agricultural land like farms, orchards, ranches, and forests.
• Special purpose: Refers to real estate used by the public, such as cemeteries, government buildings, libraries, parks, schools, or churches.
Now that you know more about real estate properties, it will be easier to make a decision if you are thinking about investing in a property and avoid deception. But if you are an advisor, it will also be useful as you will be able to guide clients better to choose the property that suits what they are looking for and need.
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Fuentes de consulta:
https://www.lamudi.com.mx/journal/tipos-de-bienes-inmuebles-ejemplos