What is Real Estate?
Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges. Real estate is a form of real property. It differs from personal property, which are things not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm equipment.
- Real estate is a class of "real property" that includes land and anything permanently attached to it, whether natural or man-made.
- There are five main categories of real estate: residential, commercial, industrial, raw land, and special use.
Understanding Real Estate
People often use the terms land, real estate, and real property interchangeably, but there are some subtle distinctions.
Types of Real Estate
There are 5main types of real estate:
While most individuals begin and end their Real Estate with their own residential Real Estate, Real Estate can also be used as an Alternative Investment. You should always talk with your Financial Advisor to determine if an investment is suitable for you.
A Financial Element, similar to a literary element, refers to components of a Financial Narrative. Understanding the financial elements can help us in creating and planning Your Financial Narrative. We will continue to look at various other financial elements each week as a part of the Financial Fridays