How to make money off land Vacant land is a great investment for a number of reasons. For one thing, it’s a tangible asset that can appreciate over time. Even if you don’t plan to develop it yourself, you can sell it for more than what you paid for it. However, there are also creative ways to make money off of vacant land besides selling it.
If you have land that’s sitting unused, consider these ideas for how to make money off the land.
Selling it for development
If you’re looking to sell your land, you can put it on the market as is, or you can sell it with the intention of having a developer build houses or other buildings on it. The difference between selling your land as-is and selling with the intention of development is that you’ll be able to get more money if you sell with the intention of development.
Lease it for farming or grazing
The easiest way to make money from your land is by leasing it out for farming or grazing. This allows other people to use your land for their own purposes, which means that they’ll pay rent for its use. If you have enough acreage available, there’s no reason why other people shouldn’t want to lease some of your lands for their own purposes.
Raise crops on it
You can also raise crops on your land if you have enough acreage available. This can be lucrative when done correctly because many farmers need large amounts of acreage to grow crops successfully in one area (particularly if they want to grow organic crops).
Use it for storage or parking space for your business
If you own a business and need extra space, consider renting out some of your property as a parking lot or storage facility. You can charge a fee for each car or unit rented out, and it’s a great way to earn extra cash without having to invest in additional facilities.
Rent out cabins or rooms on the property
Another option is to build cabins or rooms on your property and rent them out to visitors looking for a place to stay while they visit the area. This can be especially exciting if you have a cabin near a national park or other popular tourist spots.
Invest in solar energy
Solar power is one of the most promising options for generating renewable energy. Solar panels are a great way to produce electricity and, if properly installed, they can provide free electricity for decades.
A relatively small investment in solar panel systems can yield substantial returns if you sell excess electricity back to the grid.
Construct horse stables
If you live in an area that’s conducive to horseback riding and other equestrian activities, consider constructing a stable on your property. Horse owners often pay higher prices for stalls than they do for actual horses because of the extra work involved in caring for them.
Grow flowers to sell
Flowers are popular with many people, but some people don’t have the time or desire to go out into their yards and pick their flowers for arrangements or bouquets.
If you’re able to grow exotic varieties of flowers that aren’t commonly found at local grocery stores or flower shops, consider selling them directly to customers who want them delivered directly from their garden beds instead of from a greenhouse or retail store shelf.
Start a pet sitting business
If you can take care of animals, you may want to consider starting a pet sitting business. You can do this in your spare time or make it a full-time job. If you’re not sure whether you would want to do this as a business, start by offering your services for free to friends and family who have pets that need exercise and attention.
You’ll learn how much work it is, what kind of commitment it requires, and whether or not you would enjoy doing it as a job.
If you want to go big with this idea, start raising cattle or sheep or goats on your land and sell them at the market when they’re ready for slaughter or breeding purposes.
You could also keep bees or chickens for their eggs and sell those products at local markets or online through sites like Etsy, eBay, or Amazon Handmade.
Build a recreation center
You can also turn your land into an attraction that brings visitors from around town who will spend money at local restaurants and shops while they are there visiting your recreation center.
A recreation center doesn’t have to mean building a golf course, although that would certainly be fun but instead could simply mean installing a playground with swings and slides and maybe even putting in some picnic tables so people can enjoy eating lunch while watching their kids play on the equipment (or vice versa).
Investing in real estate
If you’re looking for a solid investment, real estate is one of the best ways to go. Real estate investments have been around for centuries, and they’re still popular today. You can buy a home and rent it out, or you can buy the property and develop it yourself. You can even start your own real estate firm.
Start farmers market
Farmer’s markets are becoming increasingly popular, especially in urban areas where people want to buy local produce.
You don’t need much capital to start your own farmers market just some tables, tents, and shopping carts but you do need some marketing skills.
Set up a resort
If you have some land that’s particularly scenic or has other recreational value (such as beaches), consider setting up a resort so that people will pay to visit your property. A good way to get started is by offering cabins or camping sites with amenities such as bathrooms and kitchens.
Build a gas station
If you have enough land and the right location, you can build a gas station and sell fuel to your customers. You can also provide car washes and repairs if you have the space. This is one of the most popular ways to make money off the land because it’s so simple and profitable.
A hostel business is another way to get paid for letting other people use your property, but it requires more work than the gas station option. This type of business is best suited for people who have large amounts of space and don’t mind having guests in their homes.
The profit margin may not be as high as with other businesses, but you’ll still make money if you choose wisely when choosing a location.
Beekeeping isn’t just for farmers who want honey; it’s also an excellent way for homeowners who have extra land to make some extra cash each year by selling their honey at farmer’s markets or directly from their front porch during the summer months.
Car Wash Business
A car wash business is one of the easiest ways to start making money off the land. All you need is some space, a power source, and a few buckets of water.
You can even just use a hose if you don’t have access to any other sources of water. There are tons of tutorials online for building your car wash.
Build wood furniture
Wooden furniture is popular among homeowners because it’s durable and aesthetically appealing not to mention easier on the environment than plastic or metal furniture would be. You don’t have to know how to build furniture right away.
Build a skate park
A skate park is another way you can make money off your land. This is a great option for teenagers and young adults who are looking for something fun to do after school and on weekends.