When navigating the real estate market, it is essential to grasp the fundamental differences between commercial and residential properties. These two categories serve distinct purposes and present unique opportunities and challenges. Understanding these distinctions lays the groundwork for making informed investment decisions. Residential Properties Residential properties are designed primarily for people to live in. They include single-family homes, townhouses, condominiums, and multi-family apartment buildings. The primary purpose of residential properties is to provide individuals and families with a place to live. These properties are typically leased or sold to private individuals. The value of residential properties often hinges on factors… Continue Reading