Land types
Let's talk about land. When purchasing a house, sometimes there are land restrictions for the house's land or if there is land alongside your home. There are five most common types of land: residential, commercial, recreational, agricultural, and transport. You need to understand what each kind of land allows and does not allow if you invest in property.
Residential:
The purpose of residential property is to build a house. It could be a single-family home, a mobile home, or even an apartment complex. When building on residential property, local amenities, schools, and crime rates are a few factors. Other restrictions can involve animals (i.e., cats and dogs are A-okay, but farm animals like horses and pigs, may not be) and building size, such as how close buildings can be.
Commercial:
The purpose of commercial property is to build businesses, shops, or any type of building-related to commerce. So we're talking restaurants, grocery stores, medical centers, hotels, malls, etc. Commercial property is critical to the economy.
Recreational:
Recreational land means it is used for the enjoyment of the people who own the property. This could be a park, a playground, or a swimming pool. Many cities have recreational properties to help attract permanent residents and visitors.
Agricultural:
The purpose of agricultural land is to grow and harvest crops and livestock. That results in pastures, farms, and ranches.
Transport:
Transportation property is designed to help people get from one destination to the next, i.e., roads, train stations, subways, and even airports.
Post a Comment