What is the difference between Residential and Commercial Property?
When it comes to real estate, there are two primary categories to consider: residential and commercial properties. Understanding the differences between these two can significantly enhance your investment decisions. Let us delve into what each type entails, its benefits, the different options available, and the current rates for properties. What is Residential Property? Residential property is intended for people to reside in. This includes homes, apartments, and any other types of living spaces. If you are seeking a place to call home in Berhampur, you are looking for residential property Types of Residential Property in Berhampur Apartments: Multi-story buildings with separate units for each family. Independent Houses: Standalone homes that offer more privacy and space. Villas: Luxurious homes with modern amenities, often located in gated communities. Benefits of Residential Property Personal Use: You can live in the property. Rental Income: Renting out your property can provide a st...