Buying real estate is big decision so it has to be wisely made and through learned quarters. You cannot blindly invest in real estate because they can be fraught with disputes and legalities. Buying a property without verifying its credentials and background can spell doom to your investment. Whether you want to buy a top rental property Atlanta or for your own you will be better off by consulting a resourceful property management company because they know how to buy them and what all obstacles have to be surmounting before signing on the dotted line. Here we will discuss the different types of property where you can invest:
What is real estate?
A real estate property is land and the improvements that have been made on the property both natural and manmade. That will include buildings, homes, trees, minerals, bridges and fences. It is real form of property and hugely differs from personal property such as cars, furniture, jewelry, boats or farm equipment which is not attached to the property.
Key features
- Real estate property fall in to 5 general categories and they are residential, commercial, vacant plots, industrial and special purpose.
- Real estate property denotes any property that is real and has both natural and manmade things permanently attached to it
- You can either buy a residential home, rental homes or any other property directly or invest through REIT (Real Estate Investment Trust)
A Property Management Decatur Ga will explain the above and enable you to buy real estate on your own terms and in the right location which is profitable to you either personally or by renting the property out.
Notes on Real Estate
People interchangeably use land, real property and real estate but there is minor difference between these three:
- The term land refers to earth surface that is both upward and right down to the center of earth as well as the airspace located above and also trees on the plot, water and mineral
- Real estate also consists of land, and any additional changes added to the land such as house, and other structures
- Real property also denotes the benefits, interests and rights pertaining to ownership of the real estate.
Once you buy a property through an authentic Atlanta property management the real estate will offer you the physical surface of the land, and what lies above and below. What all are permanently attached to the land including the right to ownership and the right to own, enjoy and lease the land. Do not confuse real estate property with personal property because the later defines property that is moveable. For example, jewelry, smartphone, furniture etc.
