As residential real estate and commercial buildings grow in number in line with the economy, there’s much to be learned about what they exactly are and the growing trends surrounding them.
Put simply, a residential location is a place meant to be lived in, whereas a commercial property is made for business purposes.
Residential buildings can be used for private occupancy on both a temporary and permanent basis. For example, residential properties often include homes, townhouses, room rentals and more.
Commercial real estate is a location where you’ll find business operations - this may include clothing stores, hospitals, automotive shops and more.
Currently, the latest commercial properties are built with a focus centered around clean and uniform designs. This is being done to give more focus to providing more spacious areas for optimal storage and flexibility.
Eco style architecture has also been on the rise as there’s a growing concern for environmental sustainability and energy efficiency. Commercial buildings in this style frequently feature optimal use of natural light and heating methods.
As society started moving away from the traditional Victorian and Gothic Revival styles seen in previous years, there are a few key characteristics regularly seen in both commercial and residential properties. These building characteristics include:
Commercial and residential construction has changed a bunch over the years. However, as time goes on, builders are finding many ways to increase the comfortability, practicality and efficiency of the places we work and call home.
What is your home equity? What is the best valuation option for selling your property. How much can I get for my money? How are the properties renting in my area?
These are the questions you need to be asking yourself.
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