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Real estate

TO KNOW ABOUT REAL ESTATE BRIEFLY

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Real estate

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  1. WHAT IS REAL ESTATE? Real estate is defined as the property, land, buildings and air rights above the land and underground the rights below the land.

  2. TYPES OF REAL ESTATE • Residential real estate • Commercial real estate • Industrial real estate • Vacant land/ Land • Rental real estate

  3. Residential real estate • It includesnew construction,Rental houses and resale homes. • The most common category is single-family homes. • There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quad lexes, high-value homes, multi generation and vacation homes.

  4. COMMERCIAL REAL ESTATE • It includes shopping centers and strip malls, medical and educational buildings, hotels and offices. •  Apartment buildings are often considered commercial, even though they are used for residences.  •  That's because they are owned to produce income.

  5. LAND REAL ESTATE • It includes vacant land, working farms, and ranches.  •  The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly. 

  6. INDUSTRIAL REAL ESTATE • It includesmanufacturing buildings and property, as well as warehouses.  • The buildings can be used for research, production, storageand distribution of goods. • Some buildings that distribute goods are considered commercial real estate. • The classification is important because the zoning, construction, and sales are handled differently.

  7. ABOUT SPOTER • Spoter brings for you the top most and best houses for rent in Illinois Chicago which includes a wide variety of luxurious opportunities to fulfill your needs. We Spoter, building a trust towards the society of US, Chicago, Illinois and many more different places by offering the most awaiting, flexible and desired houses for rent, for lease. FOR MORE DETAILS FOR RENTALS IN USA. Please visit our site: https://spoter.us/main/

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