What is the difference between commerical and residential?
What is the difference.... Between commercial and residential?
What is the difference between commercial and residential?
Residential real estate includes any property used as a single-family dwelling and may also include multi-family up to and including four-family units. Commercial Real Estate is all other classes of buildings including all business-related such as offices, educational, non-for-profit, farm and ranch, condominiums, industrial, factories, and other non-residential properties. A real estate development property itself is considered Commercial even though it may contain residential properties. But the individual residential properties themselves are not commercial if they are sold individually.