Real Estate is a property of land which consists of buildings, flats and houses with trees, gardens and plants along with immovable properties of some manner. Also, it refers to properties which are invested in order to gain profits in the future. However there are a variety of real estate buildings and areas which differ from each other in many ways. Some of them have been listed as follows:-
Apartments – These are multi-storied buildings separated from each by walls and barriers. Each and every building consists of flats and houses in numerous numbers in which large number of families live together. They are usually based in towers.
Multi-family buildings – In this, each building is separated from each other and a separate floor or a building belongs to a family. A family resides in an entire floor and each and every part of the floor is owned the family. They are usually low height buildings and are different from apartments.
Terraced House- This refers to the houses which are attached to each other without an even spacing. Various single or multi-storied buildings are attached to each other without any gap between them. Such houses are proficient and present in unplanned areas in which proper building layouts are not used.
Duplex Houses- Such houses have two different houses with one shared wall. These types of houses are present in posh areas and only elite class or the rich people are able to afford such houses. Not more than a few people could afford such houses as huge amount of money is required to build such houses.
Independent houses- These are low height bungalows or houses that are spaced evenly with a lawn, parking as well as a spacious veranda. The independent spacing is the best option to live in, but it of course is not a viable option of investment.
The sizes of the houses are measured in square- feet and are of different types in different places. In America, a house is referred to a place which has a terrace, a parking lot and a non-living space. A place without such complete facilities can’t be termed as a house in American continent. However, there are different meanings associated with houses in different places. In underdeveloped or developing places, even a small one room set is called a house. Millions of people are living in such one room sets.
The rate of such real estate properties have increased rapidly, although they do vary to a great extent. Rates of the houses or real estate pieces have been sky-rocketing due to many reasons. Builders and estate developers are playing a major role in increasing the rates of the real estate. The increasing developments and the introduction of new high end luxurious estate pieces boost the price increase.
You can easily check the designs available and the price online, just like you can view homes for sale in Brampton. According to the statistics provided by the building control regulations, there are only studio apartments, bungalows and independent homes that do not qualify as good investment options.