Property Types

There are different types of commercial and residential real estate. Below are the most common types of real estate sought by investors / buyers.

Types of Commercial Real Estate

The real estate business have a complex classification as they may be classified taking into account several aspects. Its classification is based on its commercial objective, property type, and level of specialization, among others.

Special commercial buildings may house medical and health services (hospitals, clinics, and nursing homes), educational services (schools), cultural services (monuments, theaters) and administrative services (police, court). One type of commercial property is highly sought the trades room that is not an apartment with a simple structure, can in be divided into small rooms, located in commercial buildings. It is intended to be used as offices or offices.  

The real estate business can also be classified as simple commercial buildings for sale or storage products, such as a store or warehouse:

• A store is a commercial establishment where you can sell products or services. They can be located in the streets, galleries or shopping centers.  
• A warehouse is a commercial building where goods are stored. Warehouses can be used as factories, import / export companies, transport companies, among other types of companies. They are usually buildings with large areas, very large and located in the industrial zone and are especially located in places with good and main road access.

Types of Residential Real Estate

A residential property is a house that is a building that has the function of housing. These dwellings can be as simple as a small house, or more complex structures such as a multi-roomed dwelling. These types of residential real estate have different styles of architecture, size, number of floors, and amount of divisions among other elements. They may be located within gated communities or on individual land. Residential real estate types may include apartments or villas.  

Apartment

An apartment is a dwelling that corresponds to only a fraction of a building. A building with apartments can be called building, block of flats, condominium, among other denominations. An apartment with two floors is called a Duplex and when it has three floors it can be called a Triplex. A studio is a very small apartment with only one bathroom and a division where a kitchenette is located in the same space as the living room / bedroom.  

Depending on the conditions, an apartment may include a garage or box, designed to park one or more vehicles.

Villa

A villa is a dwelling house on land. It can be inserted into a property with large areas, large divisions and can be single storey or one or more floors. It may have luxury home features depending on the quality of building materials and location.    

There are villas used as beach / country house being a property near a beach or inland respectively. They are usually used for a vacation or as a second home for those traveling on weekends or during the holidays. Beach / country houses are often designed to withstand the type of climate they are in and provide comfort and leisure.  

When you have a generous outdoor area you can have leisure and subsistence structures, such as fields for crops, orchards, among others. It may also be possible to build gardens, swimming pool and garage. 

Property Appraisal

Specialized companies can perform appraisal for different types of real estate as well as individual appraisers, banks and the tax authorities. On certain websites, you can conduct a free trial just to get some sense of the value of the property.  

The criteria used to assess residential property types include the following points:  

• Location (zone, floor, view, solar orientation, accessibility, services);
• Ground;
• Type and pattern of the property;
• Property area;
• Build quality;
• Finishes and equipment available;
• Construction year;
• Conservation state;
• Market (demand and supply);
• Infrastructure (parking, swimming pool, elevator);
• Image.

In the case of the valuation of commercial property types, some factors must be taken into account: 

• Area: the larger area has the property, the higher its value;
• Location: for the valuation of a property is very important the geographical area, access by car or public transport and parking available. Major developments near the property being valued may also help or hurt the property's business;  
• Demand: Potential customer zones have a higher associated value. A commercial property can be valued by the income it produces;
• Characteristics: A property is devalued if it does not have toilets, water, gas, sewage or elevator;
• Condition: The general state of conservation is very important, as well as the construction that gives security to the building.