What does "investment property" refer to?

Investment property refers to real estate that is acquired specifically to generate a return on investment, which usually comes from rental income or capital appreciation. This type of property is intended to provide financial benefits, rather than serving a personal or residential purpose. Investors often buy investment properties with the expectation that they will appreciate in value over time or that they will produce regular income through rent. This aligns with the fundamental definition of investment properties, which distinguishes them from personal residences or properties used for operational needs.

The other options address different types of property uses: a family residence is meant for personal living; properties under renovation are not necessarily designated for investment; and properties owned by corporations may serve operational purposes instead of being geared toward generating investment income. Each of these does not fit the specific definition of investment property focused on generating a return on investment.