Making money from vacant land
How to Make Money from Vacant Land: Buying land is something that almost everyone dreams of doing at some point in their lives. This happens at different periods for different people. Before purchasing land, everyone has a plan in mind; some want to build homes, while others want to start a business.
Things don’t always go as planned, and it’s possible that you won’t be able to complete your project due to a lack of funds. Vacant properties still grow in value. This, however, should not give you concern because you can never go wrong with the land.
Growing Land value
Land is one of those things that grows in value over time, regardless of what is done with it or even if it is left uninhabited.
Marian Estate Agency is here to give you advice on how to make money even if your land is vacant, and how to use that money to achieve your final goal.
Farming is one of the things you may do with a vacant plot of land especially in Western Kenya. Harvesting a good crop can be a great idea. This in turn can help you raise funds to finish your project. Dairy and poultry farming are also part of farming projects.
You can rent out your land to someone willing to utilize it for a set length of time while you accumulate resources to develop it, and when you’re ready, you can take it back and start building that ideal home you’ve always wanted.
If the site is closer to the Central Business District, you can also rent out parking spaces. Neighbors, friends, and other individuals can pay some money at the end of the day for such a service. You can also use the area as a private recreational park. Families are likely to pay a nominal fee to come hang out on weekends or at other times. The good thing with these projects is that they can be done on lands as small as a quarter acre or even a 50 by 100 plots.
How do you monetize your property? Please share your ideas in the comments area.
Article adopted from http://www.realtors.co.ke
