These days, people have a thirst for knowledge, and their curious brains are always looking for answers. They focus on bringing innovations instead of chasing after the trends to avail every possible opportunity. An empty lot might seem like a ‘land for sale’ to some people, but your eye for detail can uncover an incredible opportunity. Believe it or not, but an unoccupied piece of land is one of the cleanest slates – full of potential.
From skating rinks, solar energy, to business centers – you can utilize vacant land as per your needs. It can be an incredible investment option, offering you staggering returns. If you are wondering what to do with a vacant land near your home, have a look below. Here are seven surprising vacant land uses, helping you leverage this space.
1. COMMUNITY GARDEN
Usually, vacant lands are quite sizable, making it impossible to manage on your own. Surprisingly, such lands can be a perfect fit for a community garden. You can get in touch with government officials to obtain a permit to open the park. If your idea gets approved, contact neighbors and ask if they are willing to join hands in your venture. You can either request them to pool funds for buying plants and seeds or find volunteers to help you out. It develops a sense of ‘togetherness and community’ in your area.
2. HARVEST TIMBER
Is the nearby land full of thorny bushes and trees? Most land buyers think of what they can do with the area, failing to look at the abundant natural resources. If your land is full of trees, consider harvesting timber. Firstly, you have to plan harvest, reforestation, and reshape the trees. If you are in Texas, look for tree trimming in Austin, TX, to ensure trees are in their best health. Once the timber seems crisp and natural, start harvesting and selling it.
3. TREEHOUSE
We all have seen fascinating treehouses in movies, cartoons, and TV shows while growing up. Do you still want a secret treehouse in the middle of nowhere? If there are any mature trees in your property, considering building a treehouse. You can opt for rustic ones or create something high-end and cozy with a hanging ladder to complete the vibe. It is an ideal opportunity to make your childhood dream come true.
4. RAISE LIVESTOCK
If you live in the countryside, a vacant land nearby can be the perfect home for livestock. You can raise cows, pigs, goats, chickens as grazing land is an easy source of money. Feel free to hire a couple of farmers from villages to feed and raise the livestock adequately. Besides, if there is still some space empty, use it for farming because the agriculture industry is also full of lucrative opportunities.
5. PLANT A VINEYARD
Surprisingly enough, most places worldwide are optimal for producing grape and wine due to the loamy soil. If you have a soft corner for vines, consider planting a vineyard on your vacant land. Firstly, examine the soil condition to ensure they are suitable for growing grapes. Secondly, determine the costs of operating a vineyard and decide how many types of grapes you want to produce. After all, red, white, sweet, and dry wines come from different species of grapes.
6. DRILL A WELL
When it comes to using vacant land creatively, it is essential to determine your needs. Some people don’t have access to clean water, while others suffer from water shortages. If there are such problems in your area, the nearby vacant land would be the prime location to drill a well. Alongside overcoming the water crisis, you can monetize this resource or help others in need. As far as drilling is concerned, you can do everything yourself or hire experts.
7. DONATE YOUR LAND!
Entrepreneurs make every possible effort to write off taxes. If the land near your house is burning pockets, think about donating it as it can create a massive tax write off for the business. It might sound like an odd deal since the land is worth millions, but you can always receive full credit for its market value. When you donate any non-cash asset to a nonprofit organization, it is imperative to come with a substantiation to state the asset’s value. Before calling the shots, consider your total investment and low-end property value to ensure you are making the right deal.
WRAPPING UP:
Only a few people recognize the potential of vacant land. Instead of waiting 20 years to build a house on it, identify the opportunities it brings today. You can start a storage facility business or even open an outdoor obstacle course to get some recreational activities in the area. Likewise, feel free to try your luck in the agricultural sector or use your land for a good cause. With plenty of options available, pick something that aligns with your interests.
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