Understanding Types of Real Estate

Everyone in the world is familiar with the term ‘Real Estate’. This industry is all about selling, purchasing, and renting different types of properties. It includes everything about land and other assets like fencing, wells, farms etc. The real estate industry is burgeoning at pace in most parts of the world. Investing in the real estate industry always fetches benefits most of the times. The realtors aka real estate agents play a key role in this industry. They are professionals who assist in taking apt decisions for buying/selling a property. Moreover, they also perform other duties as well. This article is all about the types of real estate, the role of realtors, and why investing in this industry is beneficial.

Types of Real Estate
· Residential Real Estate
The homes in which we all reside are categorized as a residential real estate. It also includes the newly built and resale residential properties. Most common types of residential homes are single-family homes, duplexes, triple-deckers, quadplexes, and other luxury homes.

· Commercial Real Estate
The commercial real estate of a region comprises shopping centers, showrooms, offices, hospitals, hotels, and educational institutions. As compared to the regular real estate, the commercial real estate tends to spin more revenue. That’s a reason why many people prefer making an investment in the commercial real estate.

· Industrial Real Estate
The factories, godowns, warehouses, and manufacturing units are categorized under the industrial real estate. The industrial real estate has been playing a commendable role in producing numerous job opportunities.

The Role of Realtors
In the absence of the professionals, taking the right decision can turn into a difficult task and the same happens when a person wants to buy or sell the property. Without having the apt knowledge of the current real estate trends, one may take a wrong dive. Avoiding such things turn easier with the help of realtors. They are professionals and keep an eye on all leading trends in the real estate industry. They have various responsibilities and here’s a quick look at some of them:
· Seller’s Agent
When a realtor serves as a property seller’s agent, he helps them find the right buyers with his contacts or multiple listing service (MLS). After evaluating the property, it is priced. A real estate agent stands beside the property seller till the final settlement & paperwork.

· Buyer’s Agent
A realtor serves similarly while serving to a seller’s agent as he is aware of the leading trends. In simpler terms, he can easily find a suitable property that a buyer is searching for. Furthermore, they also guide the buyer to the areas where they can purchase a property on a lower price. They also assist the buyer in completing the documentation and other legalities.

Advantages of Investing in The Real Estate
When done in the right way, a real estate investment fetches benefits in every direction. An individual can enjoy amazing tax benefits and excellent rates of returns. Here’s a quick look at some benefits
· Increased flow of cash
· Growth of capital
· Inflation-proof
· Tangible asset
· Tax beneficiary
· Long-term financial security

The world of real estate is expanding due to multiple factors. Increasing job opportunities and migration to cities have become a major reason for the development of this industry. In the forthcoming years, it may become the leading industry for making an investment for beneficiary returns.

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Created on Dec 7th 2018 04:08. Viewed 282 times.

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