Homes intended for individuals, families, or groups to live in, rather than for commercial or industrial purposes, constitute a significant portion of the real estate market. These dwellings can range from single-family detached houses and townhouses to apartments and condominiums. A critical distinction lies in the primary purpose of the structure: providing shelter and a place of residence.
Providing shelter, a sense of stability, and belonging are central functions of these types of properties. They contribute significantly to community development and local economies. Historically, the concept of private homeownership has been linked to individual prosperity and social standing. This type of land use plays a vital role in urban planning and infrastructure development, impacting everything from transportation networks to school districts.
