Commercial real estate (CRE) is a commercial real property (usually for rent) that is not only used as a home or office but also for commercial purposes. The most common type of commercial real estate, residential real property (RE), is residential property used mainly for residential purposes such as apartments, condos, townhouses, and mobile homes. In many cases, residential real estate is purchased by apartment complexes to provide housing for the people who live in the complexes. This class of real property encompasses condominiums, apartment buildings, townhouses, mobile homes, and other types of housing. In addition, residential real property includes single-family homes, duplexes, multi-family units, apartments, condominiums, and other types of property.
Real estate brokers and agents are usually involved in the process of buying and selling commercial and residential properties. A real estate broker is someone who facilitates transactions between two parties. These parties are either a commercial or a residential owner or an investor who makes a profit from the purchase and sale of properties. Most realtors work through their own companies, but some also have third party companies they contract with.
Real estate investment (RI) is an umbrella term that covers any type of investment that requires a great deal of capital. Real estate investors typically buy commercial property at low prices, resell the properties, and then make a profit from the difference between the original and current prices. However, real estate investing may also involve the purchase and rehabilitation of residential and commercial properties. Another common type of real estate investment is a residential real property rehab or investment real property (IRE). Residential real property rehab refers to the rehabilitation or improvement of residential property to increase its value and improve its resale potential.
There are many forms of residential real estate rehab. One form is known as “land improvement”. This means taking out the roof, siding, or some other part of the house, then replacing it with something else. This can include painting, repairing walls, or changing the carpet. Another type of residential real property rehab is known as “motorhome conversion” which means taking out and restoring an old car that no longer serves as a vehicle and converting it into a home. Another popular type of residential real estate rehab is commercial property rehab, or real property investment rehab that involves the conversion or building of commercial buildings or spaces into office space or other commercial uses.
Home improvement is another type of residential property that may be undertaken. A common type of home improvement is remodeling an older home into a more modern one. Many times this includes changing the plumbing, electrical wiring, heating, air conditioning, windows, and other aspects of the home. Another type of residential home improvement is building a garage or other storage facility. Some people choose to build a new home on the land that they already own or in a community to help them build equity and create more income. A third type of residential property improvement is purchasing an existing home and transforming it into a rental home.
Commercial property may include real estate used for commercial purposes. Commercial properties range in value depending on the market value of the area in which they are located. Some examples of these types of properties are office buildings, shopping centers, restaurants, malls, hotels, motels, and office buildings. One type of commercial property is a strip club, restaurant, retail store, or other type of business. Other types of commercial properties include movie theaters, nightclubs, bars, pubs, warehouses, shops, and other types of businesses that provide services for a residential neighborhood. Other types of commercial property are usually owned by businesses, such as office buildings that are not yet used for any commercial purposes.