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When many people think of real estate, they only think of the market for persona homes, but the world of real estate is much larger than most people think it is. The real estate market is about much more than just finding your dream home. There are several different categories of homes and business properties as well as divisions in the types of real estate that are available to others. It does not matter if you are looking for a home or for a property that you can turn a profit with, if you are going to make an investment then you should know about the different types of real estate investments that are available.
There are two major types of real estate investments that are available today; business and residential. Each of these two investment types have specific guidelines that are set with them that will make a difference in the functions of the real estate. Once you have decided which of the two types of real estate you want to invest in, you will be able to determine what is available to you.
If you are looking at only residential areas, then the real estate that is available will be divided up by the size of the home. These types of homes will usually be referred to as single family or multi-family homes. If you are looking to invest in a multi family unit, then you can expect to have neighbors sharing the same walls with you, such as condos or town homes. A single family home will be completely independent from the other homes in the area and will usually be shaped differently because the neighbor’s cannot cross the yard.
Business real estate, like residential real estate, is also divided into smaller categories. These will often be referred to as commercial properties and can range from office buildings to manufacturing sites. The main difference between a business building and a residential building is that there will be a different approach towards the regulations. There will be different zoning rules and the lease will have different divisions for such purposes and taxes and insurance.
If you are in the right area, you could have the opportunity to invest in real estate property that has both commercial and residential areas in one. Usually land investments or areas that have been zoned for commercial purposes will have these types of regulations. If you are thinking about having a business from your home or if you want to expand into a business, this type of real estate investment may be the best choice for you.
It does not matter if you want a cozy home or a place to start your own business, knowing the different types of real estate that are available to invest in is the best place to begin your search.