Real estate is an environment that contains buildings , landscapes and plants both natural and planted. It may be presented in three ways. They include residential, industrial and commercial real estate. Residential real estate focuses more on housing facilities while commercial real estate deals with offices and buildings. Industrial real estate majors in warehouses and factories among others. Various people may have different interest in the diverse forms available.
Many people happen to own their own homes. There are different ways of ownership namely purchase, leasing or mortgaging. The lease term of this kind of property may range in diverse jurisdictions. This form of real estate is commonly referred to as residential real estate. It is essential in ensuring people have shelter.
Commercial real estate may be for slightly different reasons. With the emergence of ventures the need for this places to work in has grown. This necessity is well catered for by the commercial real estate. Other buildings like malls and other such platforms are also included in this form of real estate. They serve more as sites of availing products and services unlike residential real estate.
Industrial real estate comprises of factories and warehouses. It serves to provide working environments and storage spaces. In some circumstances land extensions may be made possible to sustain ongoing operations. This form of real estate may have longer terms of lease in comparison to others. These may be largely attributed to their longevity and the kind of operations taking place at these places.
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Real estate agents have a big role to play in this field. They play the middle man role between the seller and buyer. They have the necessary information and are very instrumental in sourcing information you might need on the particular property you may want to purchase. They go an extra mile to ensure that you get the best deal possible in relation to charges and property. On completion of the purchase an advance of about six percent of the house price is made to them.
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This field allows for investment processes to be undertaken. The investments are highly recommended for people who possess some facts on this field. It is slightly different from other forms of investment in that it is tangible. Maintenance is not an option in this form of investment. Careful investment may result in huge profits with time. It also gives a sense of pride that comes with ownership of property. Investments may take the form of land or a building. A decision on which of the two to invest in may be effected with the determination of which of the two is more profitable.