Sometimes, we can’t differentiate between property and real estate. Although looks the same, there is a basic difference between those two. The point is on the land. When the property only deals with the building, the real estate deals with the land and the building. So, the ownership will be more beneficial where you can have all the buildings and the land. You don’t need to worry when there is a natural disaster that damages the building because at least you still have the land. If you are a customer, real estate is really beneficial and safe.
The Kinds of Real Estate
It is true that the real estate is about the land and the building. Anyway, you should know that there are many kinds of real estate related to building utilization and land utilization. Well, mostly it will be about the building. To make it easier, real estate is differentiated into three kinds, those are residential real estate, commercial real estate, and industrial real estate. Each of those has some kinds of utilization that will be explained and given the examples down below.
It might be the most popular and known by people. Residential real estate is used for housing. It can be a good investment for the business owner or for the buyer. Even when you want to have it for your own occupancy, buying it is still a good investment especially if you have one in a good and strategic location. Anyway, residential real estate has some different kinds of housing as follows.
It can be said that single-family home is mostly used for suburban house. It is a stand-alone house that does not adhere to another house. It has its own land and building. The use is for the family that won’t be divided into multiple units.
It is the housing that stands side by side with shared walls to separate one to another house. When the single-family house is intended for the family, the townhouse is commonly used by individuals.
The owner of the apartment will use it for business. They can rent it to get the income of the building. However, you, as the owner of the apartment should maintain the facilities there such as the lift, lobby, gym, pool, garage, and more. Well, it will need more cost but when you can get the renter and make all the rooms being rented, then you can surely get the profit so much more than the spending.
Just like its name, commercial real estate is used for commercial purposes. It is related to business and how to get profit from that. It is not only about you have a building and use it as an occupancy but more on the use of the building itself. For example, the building for the office, hotel, restaurant, and more. Here we will give you the detail below.
For a building with some floors, it can be functioned not only for one company. There can be some companies that shares the building and floors. Here, the owner of the building can consider on the design of the building to reach the company target.
Shop and Retail
Having a business that deals with shops and retail can be a good opportunity. It can’t be doubted that nowadays, people love to do shopping, and looks like prestige is everything. Commercial real estate that deals with shops and retail can be a good investment for you.
As one of the commercial real estate, hotels can be profitable. However, we advise you to be total if you want to have a hotel business. Build a great one and be ready to get a high profit!
Industrial real estate is also something that is related to business but it is quite different. It is a kind of business that provides properties for non-public commercial use. It can be said as a behind-the-scenes place for a product. Although it is a non-public use, the type is really varied as we will mention below.
The manufacturing facility of real estate provides some varied products that you use in daily life. It can be a simple manual assembly line to heavy-duty metal works.
For the distribution warehouse, there won’t be many details that are needed. However, you should be able to provide the wide space building. Although it doesn’t seem familiar and prestige just like if you have a hotel, the distribution warehouse can also be profitable.
The storage warehouse is like the distribution warehouse. It doesn’t need a prestige building but more the function. For the storage warehouse, the building should be proper and there is no damage occur that will risk the things stored there.
For the truck terminal, you won’t need a building for the truck as long as you have the land. However, there should also be a building even only a small one for the office and some facilities needed.
If you want to control the factory and work there at once, the flex space is the right choice. It is a building that has an office and a factory space in one building. It is such an effective one to have for business so that you can make sure that everything works well.
To attract the customer, the car dealership is designed as interactive as possible. It can’t be doubted that the car refers to something prestige. The one who has the money that will come there. So, if you want to have the car dealership as your real estate business, make sure that you consider on the design well.