REAL ESTATE DEVELOPMENT
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WHAT IS THE REAL ESTATE DEVELOMENT INDUSTRY?
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
Another type of real property, obviously, will include homes. These properties in the residential category, specifically address multifamily housing and single-family housing in urban, suburban and also rural areas. People are driven to purchase real property through the residential category, in that, many strive for homeownership.
Commercial property is another type of real property. Commercial property will include property that contains business activity, e.g. office spaces, shopping centers, malls, stores, and entertainment facilities. Also, hotels, motels, and even parking facilities are other types of commercial property.
Industrial is another type of real property that obtains buildings such as warehouses, power plants, and factories. For many investors, the industrial sector is the least talked about and focused real property to invest in. However, for the investor, investing in industrial real estate should not be overlooked.
Types of real property include agriculture. Agriculture is using the land to provide crops, raise animals and plants (trees, orchards, etc.). These types of investments may offer a diverse portfolio that includes many of the same benefits of real estate investments. The investor may buy, sell, and lease agriculture property. The investor may also invest in the actual agriculture business itself, for instance, buying a farm or ranch that produces beef cattle all the while having the farmer or rancher manage the operation.