Definition, Types, and Investing Guide for Real Estate
Real Estate: What Is It?
Land and any permanent buildings, such as houses, or improvements, whether natural or man-made, affixed to it are considered real estate.
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One type of real property is real estate. It is not the same as personal property, which includes things like cars, boats, jewels, furniture, and agricultural equipment but is not affixed to the land permanently.
Comprehending Real Estate
Although the phrases land, real estate, and real property are sometimes used synonymously, they have different meanings.
The term "land" refers to the entire surface of the earth, including the water, minerals, and plants, as well as the space above it and the earth's center. The physical attributes of land include its uniqueness, indestructibility, a...