Introduction
Have you asked yourself, how many types of real estate exist? How to differentiate them? What is their classification? and else…. all this, to deliver the best shopping experience to your customers (here we will tell you what they prefer).
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Real estate is what by its nature cannot be moved, called real estate. Real estate coincides with immovable property such as buildings, land, and any derivative of these that are fixed to the land. They are so-called because they cannot be moved. Real estate is land or physical property that is part of the market and is a property that can be bought, sold, and traded.
In economics, a good is a possession or object for the purpose of satisfying a need and that has an explicit economic value; the reason why a property is immovable since it is not feasible to transfer it from one point to another; that is, a real estate is the constructions that are on a piece of land, as well as its improvements.
These can be an apartment, houses, a building, a condominium, a warehouse, industrial warehouses, local, a garden, a factory, wells, shopping centers, a gym, and cemeteries, among many others.
From a legal point of view, all real estates must be registered in a registry and must pay certain taxes such as the tax on the land and its value, on income, and on the size of the property.
REAL ESTATE AND REAL ESTATE
Real estate (with cadastral reference) and real estate are synonymous, there is no difference between the two concepts, although the idea of real estate gives greater weight to the property’s characteristic of being inseparable from the land (physically or legally).
For example, some ships are also categorized as real estates, since their activity is tied to the surface of the sea.
DIFFERENCE BETWEEN PERSONAL PROPERTY AND REAL PROPERTY
The main difference between movable and immovable property is the ability to move: movable property can change location without affecting its structure or value, while the immovable property cannot be moved without suffering deterioration or damage.
According to chapter II of our Civil Code, movable property is all those that can be transported from one point to another without harming the immovable property to which they were attached.
In addition, intangible assets (income, pensions, trades, contracts, or titles) that do not encumber real estate are also considered movable assets.
Within real estate, a distinction is made between consumables (which are exhausted with their use, such as money or shoes) and non-consumables (they are not spent with their use, such as a work of art or land).
CHARACTERISTICS OF REAL ESTATE
The properties are immovable (they cannot be moved). Immovable (legally, they are not things). Value (it is the type of property that has the most value). Property (subject to regulation), and mortgage (collateral can be real estates).
Immobility: it is installed on the ground and cannot change its location without suffering damage to the structure and value of the property.
Non-uniformity: In legal nomenclature, It is not a thing.
Value: Because of its durability and stability, real estate is among the most valuable real estate.
Ownership: The possession, purchase, sale, bequeathing or exchange of real estate is closely monitored by the public administration. Which translates into the need to register property or to submit various official documents or mortgage guarantees.
Mortgage: In general, only real estate can become collateral for a mortgage.
TYPES OF REAL ESTATE
The most common classification of properties, groups the definitions of the Civil Code into three categories. Properties according to their nature (soil and subsoil). Their incorporation (buildings), and according to their destination (elements that form part of the property).
BY ITS NATURE: SOIL AND SUBSOIL
Buildings can be classified according to their relationship with the soil or subsoil to which they are attached.
FOR ITS INCORPORATION: BUILDINGS
Another way of classifying real estate is by how it has been assimilated into the land. For example, real estate can be incorporated into the land by anchoring (e.g. buildings or roads).
BY DESTINATION: THEY ARE PART OF THE PROPERTY
The property according to its purpose is those elements that the person who owns the property has added for its exploitation or decoration.
BY MEMBERSHIP: REAL ESTATE INSTALLATIONS
This classification includes elements that are able to move from one place to another. And are installed in the building structure such as windows, doors, etc.
BY REPRESENTATION
Real estate by representation is considered to be those documents that accredit a person or group as the owner of real estate. For example the Land Registry or the deeds of the house.
BY LOCATION
Depending on whether the farm or real estate business is located in the countryside or in the city, it can be classified between:
Rustic property: extension of land intended for agricultural exploitation which includes land such as fields or mountains. Construction in rustic farmhouses is limited and subject to economic activity.
Urban property: plot or building land within the city.
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EXAMPLES OF REAL ESTATE
According to the definition of real estate, its characteristics, and classification; Some examples of real estates are:
LAND
The land is considered to be an extension of land, generally delimited.
BUILDING
A building is a large construction made of resistant materials that are used to live or develop human activities.
APARTMENT
An apartment is understood as a single-family home located within a building that has basic living spaces such as a bathroom, kitchen, and bedroom.
HOUSE
The house is a covered construction that serves to live.
FACTORY
A factory is a construction with the necessary facilities and tools to obtain a product.
LOCAL
A local is a construction intended for human activity, but not for housing.
MINE
The mine is a facility designed for the extraction and processing of minerals
PARCEL
A plot is considered to be a delimited part of the land.
MALL
A shopping center is a large construction, which may have one or more buildings for the sale of goods and other human activities.
ESTATE
Estate is synonymous with the property. We can distinguish between rustic farms and urban farms.
Real estates with special characteristics are those groups of land, buildings, facilities, etc. linked to activity by its operation and identified as unique real estate for cadastral purposes.
Frequently asked questions about real estate
So, in closing, we’ll answer two common questions that the Lamudi community. While the internet asks the most about real estate with the information we’ve just seen.
Is a piece of land a property?
Although buildings and houses are real estates, land and parcels are also real estates.
This type of property is part of what is known as a real-estate since it is closely linked to the land. It is common for real estate Property to be part of a registry that gives the owner greater protection.
Although land can also be considered property, the concept is normally used to refer to architectural structures called “homes”.
What type of property is a house?
A house is an urban property since it is located in a specific area, intended for the creation of housing complexes for families to inhabit.
Real-Estate is usually more valued than personal property because it is used as mortgage collateral for a loan or bank obligation.
Also, they usually have a much higher economic value than conventional personal property. At present, It can be used as a rental or sold at a higher price.
Investing in real E-state today is a good deal. It will not lose its value unless environmental or social conditions radically change. On The Other hand owning property can usually become a source of considerable income.
An apartment is understood as a single-family home located within a building. It has basic living spaces such as a bathroom, kitchen, and bedroom.
