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Meaning of real estate property and its varieties

Real estate is the property owned by land, buildings, land above and below ground. The term real estate means real or physical property. The word land is derived from the Latin word root race or commodity, while the other Latin word comes from rax. It means royal. Because the king used all the land of the kingdom. The US Constitution initially deprived the landlord of the right to vote.

Real estate can be divided into four types:

1. Residential home
Residential home land combines both newly constructed and resold homes. These types of homes are usually owned by a single family.

2. Business house / castle
Shopping centers, community palaces, hospital buildings, educational buildings, hotels and office buildings can be considered as business houses. Apartment buildings are often regarded as commercial buildings, though apartments are used for housing. Because they own the income generation.

3. Industrial building
Industrial homes include real estate buildings and property, as well as warehouses. Such buildings are used for research, production, storage and distribution of goods. The goods that are distributed by some buildings are considered as commercial real estate.

Real estate needs to be classified, because construction, buying and selling are done in different ways.

4. Land
Vacant land, working farms and fields can be taken under this. For effective purposes, vacant lots are either underdeveloped, developed early, or reused. This kind of classification increases the effectiveness of the experiment.