If you live in a rural area and have plenty of extra lands available that you’re not using, then it’s possible to turn it into a form of passive income that is surprisingly lucrative. If it’s land you no longer have time to look after or land that’s in a very desirable area, then here are six ways that you could potentially profit from your land.
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- Renting your land as garden plots
There are a lot of people that wish they had a larger garden. If you’ve got a lot of land lying around with no real use then there are probably a lot of people that envy you right now. One way you could profit from your land is to simply rent out sections of it as a garden plot where others can use it to grow crops, flowers, or anything they want.
- Contact large businesses
There are actually many ways to profit from your land through other businesses. For instance, you may want to contact a cell tower attorney if a company has approached you regarding building a cell tower on your land. Even if there’s currently a cell tower near your home, it could be possible to renegotiate your contract for more money.
- Offer storage
Whether you build a large shed and give locals the option to store their belongings inside or even just outdoor storage such as parking spaces, storage can be a great way to profit from your land. You’ll need to check for local pricing for storage if you want to maximize profits.
- Raise animals and set up a petting zoo
This is quite a lot of effort but ultimately a fun and interesting way to make money if you have a passion for raising animals. It could be cows, goats, chickens, or pigs–if you’re willing to keep these animals healthy and raise them, then it could be turned into a lucrative venture.
- Building up a local playground
If you want to do something nice and give back to the community, then it’s possible to set up a local playground for kids and families. You won’t get any money from this immediately, but you could use it as an attraction for other services like your product or by hosting events and charging organizers a small fee.
- Let campers onto your land for a fee
If you own a large open space near a lot of other nature attractions such as rivers, lakes, and forests, then giving campers the option to set up on your land for a price is a great way to make a bit of money. Set up some toilets and you have a fully-functional and attractive camping location.
Your land is your own and you’re free to do whatever you want with it, but it’s worth considering these ideas if you’re ever in need of a bit of extra income for a minimal amount of work.