Joseph Armato | What is Real Estate?

 What is Real Estate?


Real estate is defined as the land and any permanent structures, such as a house or improvements, attached to the land, whether natural or man-made.


According to Joseph Armato real estate is a form of real estate. It differs from personal property that is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm implements.


Joseph Armato | What is Real Estate?


Understand Real Estate


The terms land, property, and real estate are often used interchangeably, but there are differences.


Land refers to the surface of the earth to the center of the earth and the airspace above, including trees, minerals, and water. The physical characteristics of the earth include its immobility, indestructibility, and uniqueness, with each parcel of land being geographically distinct.


Real estate includes land and any permanent man-made additions such as houses and other buildings. Any addition or alteration to the property that affects the value of the property is called an improvement.


Once the land is improved, all of the capital and labor used to construct the improvement represents a significant fixed investment. Although a building can be demolished, improvements such as drainage, electrical, water, and sewage systems are common continuous.


Real estate includes land and access to land and the rights associated with ownership and use.


Real Estate Economics


As Per Joseph Armato Real estate is a major driver of economic growth in the United States, and Housing Starts, the number of new housing developments in a given month by the U.S. Census Bureau releases a key economic indicator. 


The report provides data on building permits, construction starts, and completions for single-family, 2- to 4-unit houses, and multi-family houses with 5 or more units, such as B. Apartment complexes.


Joseph Armato | Real Estate Economics



Investors and analysts are keeping a close eye on housing starts as the numbers can give a general idea of economic direction. In addition, the types of new construction can provide clues to the development of the economy.


What are the types of Real Estate?


Residential real estate: All real estate used for residential purposes. Examples include single-family homes, condominiums, co-ops, semi-detached homes, townhouses, and apartment buildings.


Commercial real estate: All real estate used exclusively for business purposes, such as B. Apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking lots, restaurants, shopping malls, shops, and theaters.


Industrial real estate: All real estate used for manufacturing, production, distribution, storage, and research and development.


Land: includes undeveloped properties, vacant land, and agricultural lands such as farms, orchards, ranches, and woods.


Special Use: Assets used by the public such as cemeteries, government buildings, libraries, parks, places of worship, and schools.


How to Invest in Real Estate


Joseph Armato Said Some of the most common ways to invest in real estate include home ownership, investment or rental properties, and house flipping. 


Joseph Armato | How to Invest in Real Estate



One type of real estate investor is a wholesale realtor who closes a house with a seller and then finds a potential buyer. Property wholesalers typically find and commission distressed properties, but do not undertake renovations or additions.


Income from investing in real estate comes from rental or lease income and the appreciation of the property. According to ATTOM, which monitors the nation's leading real estate database, the 2021 U.S. home sales report shows home sellers nationwide made a profit of $94,092, a return on investment of 45.3%, up 45% from $64,931 in 2020 and up 71% from $55,000. two years ago.

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