Understand the different types and subtypes of properties.

Brokers and real estate agents need to master many subjects to practice their profession in the real estate market, but the main one is understanding properties.

The basis of brokerage, in addition to knowing how to relate to clients, is knowing the types of properties and their main characteristics.

For those who are starting in the real estate business, it is important to study the different types of properties that currently exist, as each one seeks to meet different demands, to meet the needs of the consumer.

Often, a client comes to a real estate professional wanting a type of property that may not be ideal for them. The real estate agent’s job is to show them the options that best fit the buyer’s needs.

When it comes to properties that are intended for housing, there are two main types apartments and houses.

These two are the most common, but within these, there are some subtypes, which are becoming increasingly relevant. They are classified by size, price, accessibility, location, etc.

Lofts and studio apartments, for example, are properties that are in line with today’s times and their different types of routines, financial conditions, and family structures.

We have selected several models of residential and commercial properties. Learn the differences between them so that you can present the best option for your clients. Check it out:

Residential properties:

Single-story house:

The single-story house can be seen all over North and South American cities, it is very common and simple. It can come in different sizes and models and be made of masonry or wood.

This type of property is usually spacious and usually has a “backyard”. The price varies, depending on its size, location, and the material used in its construction.

It is highly sought after by large families with children, who want spacious spaces and an outdoor area.

Semi-detached house

Recently, semi-detached houses have become very popular. They are usually characterized by two or more “connected” properties located on the same land.

They usually have the same structure, including appearance, number of rooms, and roof.

They are usually built as townhouses in residential condominiums. And because they cost less to build, they are more affordable.

They can come in different sizes, generally have two floors, and are recommended for families who want an affordable property, with an outdoor area and the security of a gated community.

Townhouse

The two-story house is also very popular and is highly desired by a large part of people. It is characterized by having two or more floors and is common to see them in condominiums.

They are usually large, most are made of masonry, have many rooms, and have a great outdoor area. They usually have a garage and garden and some may have a swimming pool.

These are spacious homes, perfect for large families looking for comfort. Their market value varies greatly, depending on their location, style, size, etc.

Cottage

The chalet is a type of small, single-story house, made of wood and with a gabled roof with a lot of slope and eaves.

In large cities, chalets are usually located in the countryside, in small towns, and on beaches. So their main characteristic is their proximity to nature.

Although they are not very large, they usually have everything essential in a property, such as a kitchen, bathroom, and bedrooms.

They are generally seen as an option for vacations and a break from big cities. That is why it is common to see them in tourist cities and near natural beauty.

It is ideal for seasonal rentals or for families who want a welcoming home with close contact with nature.

High standard homes

High-end homes are luxurious properties with great features. They are large, with many rooms, usually with several bedrooms and suites, living rooms, dining rooms, TV rooms, and gym, as well as an outdoor area with a gourmet area, swimming pool, and garden.

For this reason, they have a high value and are usually located in upscale neighborhoods.

They are sought after by upper-class families, who seek comfort, security,y and luxury.

Some lofts are houses or apartments, they are characterized by not having divisions between the rooms, except for the bathroom, it is a house with all the rooms integrated. 

It began to become popular in the 70s, especially in big cities, like New York.

Lofts can be divided by stairs, for example, a higher kitchen or a mezzanine for the bedroom. They often have an industrial-style structure.

It is sought after by people who want a house outside the conventional “standard”, where they can have the freedom to modify the rooms according to their needs and taste.

Apartments

Standard apartment

Apartments are becoming increasingly common among many people, especially in large cities.

They are usually part of a condominium, they can be of different sizes, divided into blocks, and have several floors.

In each apartment, you can have bedrooms, suites, and, integrated living an,d dining rooms.

Because they have easy real estate financing, and can even be purchased directly off-plan, they are sought after by many people.

They are also safe for people who live alone. However, they cater to different types of families, as they vary greatly in size and price.

They can be seen in various neighborhoods, from the most affluent to the most peripheral, and are generally available for sale or rent.

Coverage

They are a type of high-standard apartment that is located at the top of a building and may contain an outdoor area with gourmet space and even a swimming pool.

Many penthouses have beautiful views and tend to have larger floor plans than other apartments in the same building. They can be duplexes or triplexes, which we will discuss shortly.

As they are considered luxury properties, they have a high price and are currently one of the most expensive properties on the real estate market.

Garden

This type of apartment is located on the ground floor of a building, most of which are high-end, and has this name because it has an outdoor area, with a barbecue, garden, and even a swimming pool.

It is sought after by families of all sizes and from different social classes, normally with children or pets.

Studio apartment

Studio apartments have become very popular, as they are small and affordable, and can be up to 50m².

It is common to have integrated environments to save space. Some have a garage and service area.

In general, they are ideal for single people, university students, couples without children, pairs of friends, etc.

It is common to find them for rent and also for sale. The price may vary, but they are usually reasonably priced and located near universities.

Flat

A flat or aparthotel is a type of apartment with typical hotel services, such as cleaning, food, laundry, etc.

They are mainly located in city centers, and for these reasons, they are highly sought after by those who want comfort and convenience, generally people who live alone.

The price varies greatly, depending on the services offered and the size of the flat. They are usually available for rent, and the monthly price covers the amenities.

Studio

Much like lofts, studios are known for their open concepts and industrial decor.

This type of property is becoming increasingly popular. It is common to have just one bedroom, living room, and kitchen, and is more affordable.

They usually have communal laundries, a gym, a garage, and even a swimming pool.

That’s why they are sought after by young adults who want to live alone, close to work or university,y and still have a certain level of comfort.

Duplex/Triplex

Like penthouses, Duplexes and Triplexes are luxury apartments, their names mean the number of floors they have, Duplexes, two floors, and Triplexes, three floors.

They are spacious and of a high standard, this more sophisticated property has internal stairs that connect the floors. As you would expect, they have a high value and are commonly located in upscale neighborhoods.

They are sought after by upper-class families seeking comfort and a more luxurious lifestyle.

Plots and Land

It is normal for people to think that a lot and land are the same things, but they are not. A lot is a division of a piece of land.

The land itself is a large piece of land and can be rural or urban. Various types of properties and works can be built on the land, and they can also be used to raise animals and grow crops, which is the case with rural land.

This piece of land can be sold as a whole and its value is calculated per square meter or acre. It can also be divided and sold into smaller parts, in which case we call it a subdivision, and the smaller pieces of land that arise from these divisions are called lots.

The lots, in turn, are used to build all types of properties, they have a lower value and are therefore easier to sell.

Commercials

Stores

Stores are spaces for selling goods, they are extremely popular and come in different models and sizes, and most of them have display windows to display the products.

They are usually located in commercial areas, such as streets, city centers, shopping malls, and galleries.

They can be purchased, but the most common transaction in the case of stores is renting.

They are sought after by entrepreneurs or businesspeople who want new branches, etc.

Commercial rooms

You can find these rooms mainly in commercial buildings, they have a simplified structure and have a bathroom.

But there are some models of more improved commercial rooms, it depends a lot on where they are located and what public they are intended for.

They can be used as an office, consulting room, or point of sale, among others.

They are also sought after by entrepreneurs or businesspeople.

Its value varies greatly, depending on its size and location; most commonly, it is only available for rent.

Warehouse

Warehouses are mainly used to store goods. They are usually quite large and have a simple masonry structure.

They are usually located in areas further away from the city centers but must have easy access for trucks.

They are sought after by businesspeople or entrepreneurs who want a warehouse for products, but they can also be used for commerce itself, for large goods for example.

Because it is a large property, it has a higher price. It may be available for purchase or rent.

Now that you know all the types of properties, you are better prepared to serve your clients and help them choose the ideal property for their needs.