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Master Of Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person ...
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Natural Resource
Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. On Earth, it includes sunlight, atmosphere, water, land, all minerals along with all vegetation, and wildlife. Natural resources is a part of humanity's natural heritage or protected in nature reserves. Particular areas (such as the rainforest in Fatu-Hiva) often feature biodiversity and geodiversity in their ecosystems. Natural resources may be classified in different ways. Natural resources are materials and components (something that can be used) that can be found within the environment. Every man-made product is composed of natural resources (at its fundamental level). A natural resource may exist as a separate entity such as fresh water, air, as well as any living organism such as a fish, or it may be transformed by extract ...
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Multi-family Residential
Multifamily residential (also known as multidwelling unit or MDU) is a classification of housing where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex. Units can be next to each other (side-by-side units), or stacked on top of each other (top and bottom units). A common form is an apartment building. Many intentional communities incorporate multifamily residences, such as in cohousing projects. Sometimes units in a multifamily residential building are condominiums, where typically the units are owned individually rather than leased from a single apartment building owner. History Before the Industrial Revolution, such examples were rare, existing only in historical urban centers. In Ancient Rome, these are called ''insulae'', skyscrapers in Shibam, malice houses in Madrid, and casbah in the Casbah of Algiers. Examples *Apartment building or block of flats - a building with multiple apartment ...
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Cottage
A cottage, during Feudalism in England, England's feudal period, was the holding by a cottager (known as a cotter or ''bordar'') of a small house with enough garden to feed a family and in return for the cottage, the cottager had to provide some form of service to the manorial lord.Daniel D. McGarry, ''Medieval history and civilization'' (1976) p 242 However, in time cottage just became the general term for a small house. In modern usage, a cottage is usually a modest, often cosy dwelling, typically in a rural or semi-rural location and not necessarily in England. The cottage orné, often quite large and grand residences built by the nobility, dates back to a movement of "rustic" stylised cottages of the late 18th and early 19th century during the Romantic movement. In British English the term now denotes a small dwelling of traditional build, although it can also be applied to modern construction designed to resemble traditional houses (" mock cottages"). Cottages may be ...
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Single-family Detached House
A stand-alone house (also called a single-detached dwelling, detached residence or detached house) is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. Definitions The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: * Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family, and consists of just one dwelling unit or suite. In some jurisdictions allowances are made for basement suites or mother-in-law suites without changing the description from "single family". It does exclude, however, any short-term accommodation (hotel, motels, inns), large-scale rental accommodation ( rooming or boarding houses, apartments), or condominia. * Detached (house, home, or dwelling) means that the building does not share wall with oth ...
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Detached House
A stand-alone house (also called a single-detached dwelling, detached residence or detached house) is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. Definitions The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: * Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family, and consists of just one dwelling unit or suite. In some jurisdictions allowances are made for basement suites or mother-in-law suites without changing the description from "single family". It does exclude, however, any short-term accommodation (hotel, motels, inns), large-scale rental accommodation ( rooming or boarding houses, apartments), or condominia. * Detached (house, home, or dwelling) means that the building does not share wall with ot ...
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Villa
A villa is a type of house that was originally an ancient Roman upper class country house. Since its origins in the Roman villa, the idea and function of a villa have evolved considerably. After the fall of the Roman Republic, villas became small farming compounds, which were increasingly fortified in Late Antiquity, sometimes transferred to the Church for reuse as a monastery. Then they gradually re-evolved through the Middle Ages into elegant upper-class country homes. In the Early Modern period, any comfortable detached house with a garden near a city or town was likely to be described as a villa; most survivals have now been engulfed by suburbia. In modern parlance, "villa" can refer to various types and sizes of residences, ranging from the suburban semi-detached double villa to, in some countries, especially around the Mediterranean, residences of above average size in the countryside. Roman Roman villas included: * the ''villa urbana'', a suburban or country seat ...
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Mansion
A mansion is a large dwelling house. The word itself derives through Old French from the Latin word ''mansio'' "dwelling", an abstract noun derived from the verb ''manere'' "to dwell". The English word '' manse'' originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way (compare a Roman or medieval villa). '' Manor'' comes from the same root—territorial holdings granted to a lord who would "remain" there. Following the fall of Rome, the practice of building unfortified villas ceased. Today, the oldest inhabited mansions around the world usually began their existence as fortified houses in the Middle Ages. As social conditions slowly changed and stabilised fortifications were able to be reduced, and over the centuries gave way to comfort. It became fashionable and possible for homes to be beautiful rather than grim and forbidding allowing for the development of the modern mansion. In British Eng ...
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Split-level Home
A split-level home (also called a bi-level home or tri-level home) is a style of house in which the floor levels are staggered. There are typically two short sets of stairs, one running upward to a bedroom level, and one going downward toward a basement area. History The style gained popularity in North America during the mid-20th century, as the suburbs expanded, beginning in the years after World War II, and has remained a popular housing style from the 1950s onward. Styles Split level The split level has two or three short sets of stairs, and three (tri-level) or four (quad) levels. The entry is on a middle floor between two floors. The front door opens directly into what is usually the formal living area, which is typically partially above ground level. Below that may be a small crawl space. The lower level is a finished area partially underground (approximately three feet below grade) and must have an outside entry door. Above the lower level are bedrooms. Sometimes a s ...
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Bungalow
A bungalow is a small house or cottage that is either single-story or has a second story built into a sloping roof (usually with dormer windows), and may be surrounded by wide verandas. The first house in England that was classified as a bungalow was built in 1869. In America it was initially used as a vacation architecture, and was most popular between 1900 and 1918, especially with the Arts and Crafts movement. The term bungalow is derived from the word and used elliptically to mean "a house in the Bengal style." Design considerations Bungalows are very convenient for the homeowner in that all living areas are on a single-story and there are no stairs between living areas. A bungalow is well suited to persons with impaired mobility, such as the elderly or those in wheelchairs. Neighborhoods of only bungalows offer more privacy than similar neighborhoods with two-story houses. As bungalows are one or one and a half stories, strategically planted trees and shrubs ...
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Duplex (building)
A duplex house plan has two living units attached to each other, either next to each other as townhouses, condominiums or above each other like apartments. By contrast, a building comprising two attached units on two distinct properties is typically considered '' semi-detached'' or ''twin homes'' but is also called a ''duplex'' in parts of the Northeastern United States, Western Canada, and Saudi Arabia. The term "duplex" is not extended to three-unit and four-unit buildings, as they would be referred to with specific terms such as three-family (or triplex) and fourplex (or quadplex/quadruplex) or a more general multiplex. Because of the flexibility of the term, the line between an apartment building and a duplex is somewhat blurred, with apartment buildings tending to be bigger, while duplexes are usually the size of a single-family house. Variants Big cities In dense areas like Manhattan and downtown Chicago, a duplex or duplex apartment refers to a maisonette, a singl ...
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Semi-detached
A semi-detached house (often abbreviated to semi) is a single family duplex dwelling house that shares one common wall with the next house. The name distinguishes this style of house from detached houses, with no shared walls, and terraced houses, with a shared wall on both sides. Often, semi-detached houses are built in pairs in which each house's layout is a mirror image of the other's. Semi-detached houses are the most common property type in the United Kingdom (UK). They accounted for 32% of UK housing transactions and 32% of the English housing stock in 2008. Between 1945 and 1964, 41% of all properties built were semis. After 1980, the proportion of semis built fell to 15%. History of the semi-detached house in the United Kingdom Housing the rural working classes Housing for the farm labourer in 1815 typically had one downstairs room with an extension for a scullery and pantry, and two bedrooms upstairs. The house would be of brick, stone if it occurred locally, or c ...
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Tenement
A tenement is a type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access. They are common on the British Isles, particularly in Scotland. In the medieval Old Town, in Edinburgh, tenements were developed with each apartment treated as a separate house, built on top of each other (such as Gladstone's Land). Over hundreds of years, custom grew to become law concerning maintenance and repairs, as first formally discussed in Stair's 1681 writings on Scots property law. In Scotland, these are now governed by the Tenements Act, which replaced the old Law of the Tenement and created a new system of common ownership and procedures concerning repairs and maintenance of tenements. Tenements with one or two room flats provided popular rented accommodation for workers, but in some inner-city areas, overcrowding and maintenance problems led to shanty towns, which have been cleared and redeveloped. In more afflue ...
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