Celebrity Business Ventures in Real Estate

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Real Estate is the officially authorized term that is used in reference to land. This term is used notably in the United States, United Kingdom, Australia and Canada. Anything ‘affixed’ here can be buildings or other developments, but with particular attention to that property that is fixed. From this word, we have ‘real estate business’, in which an individual, or group of persons, invest in land and fixed property therein for the purpose of a profit. On the other hand, a celebrity is a widely renowned or prominent person in a given society who receives a high level of media and public attention.

Celebrity Real Estate is thus described as the selling of land and the fixed property therein to make a profit, practiced by celebrities. In this case, the celebrities are the investors in the business.

Celebrities contract developers to build up attractive properties which would reflect the tastes and lifestyle of the celebrity. Some celebrities venture into this kind of business to achieve an entry ticket into the exclusive real estate business. There are those celebrities who do it in order to get payment from their designs, by way of royalties, and others will invest in real estate to gain equity in the property, if it makes it to the stock market.

Most celebrities who engage in this business develop properties of different types. Some of the properties developed by celebrities are grouped as attached, semi detached and detached dwellings, most of which include restaurants, apartments, condominiums, terraced houses and multi family houses.

The size of a real estate property is usually described in square feet or square meters. For the United States, these descriptions of size exclude the garage and other non living spaces, but pays attention only to the area of ‘living space’. For the European market, the square meters figures indicate the areas of the walls enfolding the dwelling, and thus include any attached non living spaces such as the garage.

The number of rooms can also describe the size of a property more generally. Most of the real estate properties offer multiple roomed houses, though there are those that are single roomed, such as a ‘studio apartment’, which has a single bedroom with no living room, and possibility a separate kitchen. In real estate, a bedroom is defined as a room with a closet for clothes storage, thus the importance of stressing how many bedrooms are in the house.

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Julia Vakulenko is a licensed broker associate with Tampa4U.com Realty. She has one of the hardest working Tampa Real Estate team in Florida specializing in Wesley Chapel Real Estate and also in2Va Team for Fairfax Virginia Real Estate.