Real estate: What Is It?
Real estate is land and anything permanently attached to it, including buildings. The term also encompasses ownership of air rights above the land and underground rights below it. It differs from personal property, which includes items that aren’t permanently attached to the ground such as automobiles and jewelry. There are five main types of real estate: residential, commercial, industrial, raw land and special purpose. Each type has its own set of benefits and drawbacks. Some people choose to invest…