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Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot of $250,000 with a cost to demolish the house and prepare the site at $25,000. The highest and best use of the site is to demolish the house and sell the site as a commercial lot.
Scale models of some Ancient Egyptian house, in the Louvre Minoan house model, c. 1700-1675 BC, terracotta, in the Heraklion Archaeological Museum (Heraklion, Greece) Floor plan of a "foursquare" house. Little is known about the earliest origin of the house and its interior; however, it can be traced back to the simplest form of shelters.
A condominium (or condo for short) is a salable unit within a larger community, often a high-rise building. Condos can be a good option for anyone who wants to keep home maintenance to a minimum ...
In Germany, real estate appraisal is known as real estate valuation (Immobilienbewertung). Real estate appraisers (Immobilienbewerter or Gutachter) can qualify to become a Öffentlich bestellter und vereidigter Sachverständiger (officially appointed and sworn expert). However, this formerly very important title has lost a lot of its importance ...
The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family and consists of just one dwelling unit or suite.
Life estate: An estate lasting for the natural life of the grantee, called a "life tenant". If a life estate can be sold, a sale does not change its duration, which is limited by the natural life of the original grantee. A life estate per autre vie is held by one person for the natural life of another person.
A housing estate in Camden Town, London, with two blocks of flats visible A modern housing estate in Gdańsk, Poland. A housing estate (or sometimes housing complex, housing development, subdivision or community) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country.