Real Estate
The physical land and everything permanently attached to it — structures, fixtures, and natural features. Real estate is the tangible asset; real property is the bundle of rights in it.
Related Terms
Real Property
The interests, benefits, and rights inherent in the ownership of real estate.
Improvement
Any structure or development permanently attached to land — buildings, garages, pools, paving, utilities.
Personal Property
Movable items not permanently affixed to the real estate — furniture, appliances not built in, equipment.
More in Property Characteristics
View allGross Living Area (GLA)
GLAThe total finished, above-grade living area of a residential property, measured in square feet.
Gross Building Area (GBA)
GBAThe total area of a building measured from the exterior walls, including all finished and unfinished, above-grade and below-grade spaces.
Below-Grade Area
Any portion of a building that is below the ground level on any side.
ANSI Z765 Measurement Standards
ANSIThe American National Standards Institute standard for measuring residential floor area.