Which property type is classified under residential real estate?

Which property type is classified under residential real estate?

• A. Office space
• B. Shopping centers
• C. Single-family homes
• D. Industrial parks

Answer: (C)

Single-family homes are classified under residential real estate because they are primarily designed for occupancy by one family. This category of real estate focuses on providing a dwelling for individuals or families, contrasting with commercial or industrial properties, which serve different purposes. When discussing residential real estate, it's important to note that it typically includes various types of properties that are used for living accommodations, such as apartments, condominiums, and townhouses, in addition to single-family homes. The defining feature of residential properties is their primary use for housing rather than for business or commercial activities.

Single-family homes are classified under residential real estate because they are primarily designed for occupancy by one family. This category of real estate focuses on providing a dwelling for individuals or families, contrasting with commercial or industrial properties, which serve different purposes.

When discussing residential real estate, it's important to note that it typically includes various types of properties that are used for living accommodations, such as apartments, condominiums, and townhouses, in addition to single-family homes. The defining feature of residential properties is their primary use for housing rather than for business or commercial activities.