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What else can I help you with?
Are Apartments a commercial property?
No residential.
Is a bed breakfast residential or commercial property?
A bed and breakfast should be considered commercial property. Residential property is classified as single home dwellings not for business use.
What is effect to residential or commercial centers?
Commercial property outside the property line, impact the price of residential property, including proximity to schools, essential services and neighborhood amenities.
How many houses are in foreclosure?
1. Commercial Property 2. Residential Property
Can a state certified residential appraiser appraise a commercial building?
A certified residential appraiser can appraise any residential property with up to four units, regardless of value. However, they cannot appraise a commercial property.
Is commercial property worth more that residential?
It depends on a lot of things such as location and size of the property. However usually residential property is more expensive.
Can you have residential property and commercial property on the same land?
Yes, depending in the laws, areas are designated to either residential or commercial. You may need to apply for land use conversion to combine both. Always consult a real estate consultant for better advise.
Is a vacation rental residential or commercial property?
A vacation rental property is considered residential as it provides temporary accommodation for individuals or families. However, its use for commercial purposes, such as short-term rentals, blurs the distinction between residential and commercial. Ultimately, its classification may depend on local regulations and zoning laws.
What is involved in trying to change residential property to commericial property?
You end up dealing with different clientele. Also only certain properties can be converted from residential property to commercial property. You cannot change a house to commercial property without changing the entire layout.
Can a tenant legally sleep in a commercial property?
No, a tenant cannot legally sleep in a commercial property as it is typically not zoned for residential use.
Are property usually higher or lower in a residential area than a commercial area?
Property prices are generally a little higher in a designated residential area rather than commercial areas. This is due to the more genteel nature of residential zones.
What does rental real estate mean?
Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.
