"Residential"
typically refers to areas or buildings designed and used for housing or living purposes. Here are some key aspects related to the term “residential”:
Residential Areas
- Residential areas are neighborhoods or regions where housing units, such as houses, apartments, or condominiums, are predominantly located.
- Purpose: These areas are designed for people to live in, providing a sense of community and a place to call home
Residential Real Estate
- Residential real estate refers to properties, including houses, apartments, and condominiums, that are used for living rather than commercial or industrial purposes.Purpose:Residential real estate is bought, sold, or rented for individuals and families to use as their primary residence.
Residential Construction
- Residential construction involves building or renovating structures intended for residential use.
- Purpose: Residential construction creates homes and living spaces, and it may include single-family homes, multi-family buildings, or housing developments