What is landed properties?

Landed properties refer to real estate properties that are built on land and are not attached to any other buildings. They can be single-family homes, duplexes, townhouses, or even larger estates. The term 'landed' refers to the fact that the property owner has legal ownership of the land on which the property is built.

Landed properties are typically more spacious and offer more privacy than other types of housing such as condominiums or apartments. They also come with a yard or garden, making them ideal for families with children or for those who enjoy outdoor living.

One of the significant advantages of landed properties is that they typically appreciate in value over time, making them a good investment. Additionally, the owner has more control over the property and can make improvements and renovations as he/she sees fit.

However, landed properties also come with greater responsibilities, such as maintaining the exterior of the property and maintaining the garden or yard. The cost of property taxation and insurance may also be higher compared to other types of housing.

Overall, landed properties offer a unique opportunity to own a piece of property on which you can build your dream home, while also providing an investment that can appreciate over time.