I’m not ready to develop.
I don’t have the money to develop.
That environment is too bushy, I can’t live there just yet.
These and many more are the struggles individuals face when it comes to buying a landed property.
They struggle to see the reality and benefits of a vacant land hence they do not get a hold of the millionaire opportunities in it.
Read through this post to get a different opinion on what a Vacant Land can do with or without your effort.
These things will also generate an extra income for you, at least, while you wait.
It can be an individual pursuit or a family farm, livestock rearing, or crop production, whichever type of farming.
With a vacant land, considering the right soil texture, availability of utilities, and economic viability, you can take up cassava, fish food production and the likes.
Start up a Fishery business with just a plot of land and it will fetch you a huge annual return.
You really don’t know much about farming? Outsource it. Either to an Agricultural Company or a Professional in that field and you come up with an agreement.
Every day comes with a need for vehicle owners to repair or service their vehicle.
You may not be a Mechanical Engineer but you may know someone that needs a workshop space.
With at least a 3 standard plots, this can set a good mechanic village. Imagine different vehicle specialist leasing a part of the property.
You really do not have to erect heavy physical structures, just something simple that can create shelter for the workers and customers.
While you wait, there’s a monthly rent or quarterly income that comes in for you.
And you never can say, you can get a free car service too.
Growing up in Nigeria, we all had time when we go to different fields in our communities to play games on weekends or after school.
Though this is not limited to growing up alone, there are some of us who still take out time for sports on weekends.
With an acre of land, people come to the field for outdoor sporting games. An acre of land numbered 6 plots in Nigeria, is an equivalent of a standard football field.
At a low budget, you can make the space more fitting for a pitch that would make lovers of sports troop into your court.
Depending on what you plan to do, there might not be much income from here but you can always consider it.
In most parts of Nigeria, there’s always a party somewhere. Almost every weekend!
Depending on the size of your land and location, it is possible to convert vacant land into an event centre.
The cost of organizing an event has risen astronomically due to the cost of custom-built event centres. Many people will gladly lease vacant land in some areas and set up tents in order to host their events at a cheaper cost.
Okay! If you live in Lagos, you will know or have once visited the popular Amusement Park.
Parks are sources of positive economic benefits. They enhance property values, increase government revenue, attract retirees and even add significant benefits to the community in terms of social equity and wellness.
You can say a park is the first thought of relaxation place for anyone who wants to ease stress.
Establishing a recreational park and garden on vacant land, as large as you want it, will bring you enormous wealth. On this, you will have to spend, but you won’t have to worry about the bushy environment.
These are part of the very few things that can be done on a vacant land while you wait for development. You will be surprised that these little steps can also drive development faster to the location.
If it seems these suggestions are out of your budget, contact us and we can help you drive a Real Estate Empire that best fit your pocket.
Do well to drop your comment, we will love to hear your thoughts.