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Home Real Estate :-
Home Real Estateis a part of the as a whole real estate business. In Latin, the word “real” means matter or thing. Real Estate is basically a immovable property comprising of land, buildings and other things attached permanently to them. It is also known as Realty or Real Property. Anything that is not affixed with land and buildings are called . Real Estate Business is one of the major economic activities. There are mainly two types of Real Estates.Home or Residential Real Estate When a land or building is put to sale or rental to families or individuals, then it is known as Residential Real Estate.
Business :-
Commercial Real Estate Industries involved in the business of commercial component of real estate are known as Commercial real Estate. It includes building up of offices, retail space, industrial premises, hotels, malls etc.Real Estate Business is one of the major business activities in the developed countries. Real Estate business in the developed countries accounted for $62 trillion at the end of 2002 among which residential real estate's contribution is $48 trillion and that of commercial is $14 trillion. According to the census of USA in the year 2000 the number of housing units occupied were 105million.Real Estate Business is a booming industry in both developed and developing countries. Now-a-days it is an area with high investment opportunities.Real Estate Business has also its highs and lows. It also has a cycle with booms and recessions. So a investment in real estate business always demands proper and thorough research.
The value of a home real estate can be appreciated in the following ways
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