If you’re searching for properties you will most often come across a few different property types.
The most common being house, townhouse, unit, villa, land, acreage, rural, blocks of units/apartments and retirement living.
What are the 4 types of real estate?
Four Types of Real Estate
The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.
What is Property Type?
Real estate listing have property types (or building types) fields to describe the kind of property for sale. Also, often people refer to their homes by property type when they describe them to others. For example someone might say they live in a townhouse, or a half duplex.
How many types of property are there?
Under the law, though, there are three categories of property. Most people have two types and some have all three. Real property is land and buildings. Anyone who owns a house or a condo owns real property.
What are the six categories of real property?
These six types of real property can be agricultural, residential, commercial, industrial, mixed-use, and special use.