Purchasing and selling property is one of the most profitable businesses in the world today. Those who have extra property either sell them or rent out and there are large scale companies which purchase others property and resell them with a profit. However when handling the business, it should be clearly realized that there are different types of properties which are used for different purposes.
Property real estate can be categorized into four main areas namely residential estate, commercial real estate, industrial real estates and lands. These four categories can be taken as the different types of real estate. When you are planning to buy a property or rent out one or even selling one, you should think twice and make sure that you know to which category your property belongs. Click here for overseas property investment.
The first type, residential type is consisted of both newly constructed houses as well as resale houses. Among all the house types, the most popular one is single family houses which are purchased by families where there are two or three kids. These houses come in different forms such as individual houses in separate land blocks, apartments, condominiums, duplexes, townhouses, vacation homes, triple-deckers, coops and etc.
In Sydney property real estate http://www.rae-on.com/eng/aboutus.aspx industry, commercial real estate remains to be one of the major areas. It basically includes hotels, shopping malls, strip malls, offices, educational institutions, hospitals etc. even some apartments are considered to be commercial though they are used for personal residential purposes. They fall into commercial category because they are specially designed to produce income by either individuals or different companies.
Industrial category includes all the buildings, warehouses and other property where manufacturing takes place. Any of those buildings which are used to do researches, storing, distribution or production of goods are considered to be industrial property and sometimes commercial and industrial ones sound a little similar. The last category is all about lands which come in different forms such as empty or vacant lands, farms, ranches etc. Those can further be categorized as sites, subdivisions, undeveloped or early developed etc. However depending on the category, the rules and regulations when selling and buying could differ and also the value of the property may also differ based on the category. For an example, industrial and commercial properties usually have a higher value compared to other types and they could be sold or purchased at high prices. So if you are buying one or selling one you can check the contemporary values of the market and buy or sell accordingly without getting into trouble.