Types Of The Real Estate

Real estate investing can sound attractive but also confusing, especially if you are totally new to it, and that’s why we want to offer you a quick and easy explanation of what it actually means. Real estate is a property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water and etc. There are 4 types of it:

1. Residential.

Residential real estate is a land consisted of buildings meant for people to live in, like single or multifamily homes and it can’t be used for commercial or industrial purposes. Residential real estate includes both new constructions and finished homes for sale.

2. Commercial.

Commercial real estate refers to buildings or land intended to generate a profit, either from capital gain or rental income. It includes office buildings, hotels, malls, multifamily housing buildings, medical centers and etc.

3. Industrial.

Industrial real estate includes manufacturing buildings and properties that can be used for different purposes like storage, production, distribution of products and etc.

4. Land.

Land real estate is a vacant property without any buildings on it, it also includes working farms or ranches.

No matter which market you will decide to invest in, Phoenix Commercial Construction has the experience of working on all of them. They are a construction management firm in the Treasure Valley with 30+ years of real estate experience and 20+ years of construction management and development experience.

Phoenix Commercial Construction delivers projects efficiently, timely and within budget. They offer available services for those who are interested in land acquisition, development and construction of real estate while making sure their clientele is educated and involved in the process by helping them through.