Residential real estate is a type of property, containing either a single family or multifamily structure that is available for occupation for non-business purposes. Residential Real Estate can be spilt down into several different categories. At a high level, when people think of different types of Residential Real Estate they typically think about Villas, Multistory Apartment and Builder Floor. But the residential Real estate industry is much more precise when it comes to define property types.
Multistory Apartment or Flat: An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings. Multistory apartment often seen in multi-story detached buildings, where each floor is a separate apartment or unit. This kind of buildings are generally surrounded by ample green area, large boundary area, having gated society, playing area for kids, children’s and avail with modern lifestyle amenities and facilities such as Gym, Swimming pool and many more.
Builder Floor: A Builder Floor apartment is an independent floor wherein people can enjoy the feel of an independent home in most cases, builder floor apartment are 2-3 storied buildings. The builder floor apartment enables owners to enjoy an independent dwelling unit at affordable prices.
Villas: A Villas generally consist of an open plan lounge, kitchen, bathrooms and private terrace or balcony. Beds will be in separate rooms and there maybe features such as gardens, swimming pools, plunge pools and Jacuzzis. Villas are very costly as compared to prices commanded by Apartment and builder Floor.