Residential real estate is divided into multi-family and
single-family building arrangement or formation. There are various categories
of residential real estate that include:
·
MultiUnit or Attached Buildings: These
buildings are of various types, for example,
1.
Apartment: Apartments are built as separate
spaces in multi-apartments building.
2.
Multi-Family Buildings: These are the
multi-story buildings in which every floor is an individual apartment.
3.
Cooperative Buildings: These are the multiple
buildings that are owned by a specific cooperative corporation.
·
Semi-Detached Buildings: These types of buildings
are of different kinds, for example,
1.
Duplex: Duplex houses fall under this
category that comprises of two units with a common wall.
·
Detached Buildings: These buildings are
built as a part of main house or building which is detached for single families.
Apart from this, an apartment or house can be built can
be built according to the requirements. Rates of Residential Real estate
decrease and increases according to several factors that include location, size
of apartment, condition of property, local and global market.
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