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. 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...