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Do you have a plot of land somewhere and you would like to know how to utilize it for profits?
Below are practical and profitable ways on how to make use of your eighth-acre plot (50 x 100)
It is the desire of each and every individual to settle their families. You can utilize your piece of land to build your family a house where they can settle and call their own and forget the hassle that comes in living in rented premises.
You can build your house in stages as this will less strenuous to your finances.
Depending on the location of your land e.g., Nakuru, Naivasha, Ngong, the type of soil, climate and demand, it might be suitable for farming.
And even if it is not very big, there is always something that can work. Even if you are not interested in farming yourself, you can make a tidy sum by leasing the land to a farmer.
Recreational centres and open spaces are becoming common features of modern living. With an increasing population, social and economic hardships, the need for a place to unwind has led to the appreciation of open spaces.
Whether it is by setting up a wedding garden, a children’s play park, or simply an open space, such a venture is a good option. To make it attractive, you will have to make some changes, say by having parts of it landscaped.
A recreational centre should be away from the hustle and bustle of the city, but then again not too far off. This can be perfectly done in areas such as Ngong and Naivasha.
With increasing populations in the city and county headquarters, the demand for parking spaces has, inevitably, gone up. If your piece of land is close to a main road in the city or a growing town, it will not hurt to convert it into a parking lot and earn some cash from it.
The amount raised during this period could come in handy for whatever other projects you have planned for it in future. You must get all the necessary approvals from the city or county authorities to avoid challenges.
Planting trees will earn you a substantial amount of money before you make up your mind on the final use. You should do this only if you don’t intend to develop the land for a considerable time.
Some trees take up to 10 years to mature, so if you are looking to make an extra buck before developing your plot in Kenya, this might not be the most suitable venture for you.
If you have land in the city or growing towns, you can set up a few stalls. Vibanda (booths) eateries are a common feature in many urban centres, where people set up temporary eateries that are partly open, clean and serve great food.
Whether you run it yourself or rent it out, this is an idea that will earn you profit on your land, and especially if it is close to commercial centres.
Land close to a highway can earn you income from advertising through billboards. Outdoor advertising companies will lease the land and cover the cost of their billboards. Marketing on a vacant piece of land might occupy only a small segment of the land, meaning that you will not be using the land optimally.
A number of plots for sale in Matuu are touching tarmac roads such as Kivandini-Masinga road. This can be a good venture if your plot in Kenya touches tarmac road.
In conclusion, the location of your property is great determinant when deciding on what do do with your land and turn it into a profitable venture.
Do you have a plot of land somewhere and you would like to know how to utilize it for profits?
Below are practical and profitable ways on how to make use of your eighth-acre plot (50 x 100)
It is the desire of each and every individual to settle their families. You can utilize your piece of land to build your family a house where they can settle and call their own and forget the hassle that comes in living in rented premises.
You can build your house in stages as this will less strenuous to your finances.
Depending on the location of your land e.g., Nakuru, Naivasha, Ngong, the type of soil, climate and demand, it might be suitable for farming.
And even if it is not very big, there is always something that can work. Even if you are not interested in farming yourself, you can make a tidy sum by leasing the land to a farmer.
Recreational centres and open spaces are becoming common features of modern living. With an increasing population, social and economic hardships, the need for a place to unwind has led to the appreciation of open spaces.
Whether it is by setting up a wedding garden, a children’s play park, or simply an open space, such a venture is a good option. To make it attractive, you will have to make some changes, say by having parts of it landscaped.
A recreational centre should be away from the hustle and bustle of the city, but then again not too far off. This can be perfectly done in areas such as Ngong and Naivasha.
With increasing populations in the city and county headquarters, the demand for parking spaces has, inevitably, gone up. If your piece of land is close to a main road in the city or a growing town, it will not hurt to convert it into a parking lot and earn some cash from it.
The amount raised during this period could come in handy for whatever other projects you have planned for it in future. You must get all the necessary approvals from the city or county authorities to avoid challenges.
Planting trees will earn you a substantial amount of money before you make up your mind on the final use. You should do this only if you don’t intend to develop the land for a considerable time.
Some trees take up to 10 years to mature, so if you are looking to make an extra buck before developing your plot in Kenya, this might not be the most suitable venture for you.
If you have land in the city or growing towns, you can set up a few stalls. Vibanda (booths) eateries are a common feature in many urban centres, where people set up temporary eateries that are partly open, clean and serve great food.
Whether you run it yourself or rent it out, this is an idea that will earn you profit on your land, and especially if it is close to commercial centres.
Land close to a highway can earn you income from advertising through billboards. Outdoor advertising companies will lease the land and cover the cost of their billboards. Marketing on a vacant piece of land might occupy only a small segment of the land, meaning that you will not be using the land optimally.
A number of plots for sale in Matuu are touching tarmac roads such as Kivandini-Masinga road. This can be a good venture if your plot in Kenya touches tarmac road.
In conclusion, the location of your property is great determinant when deciding on what do do with your land and turn it into a profitable venture.
Real Estate Kenya News is the leading online real estate news, tips, trends and information website in Kenya. This blog covers diverse topics ranging from housing, mortgages, land, finance and other real estate related topics. Whether you are buying, selling land or houses or you are looking to improve your home, we are here to help you through it all. Do you have a general enquiry, suggestion or something you would like to share with us? We appreciate your feedback, the good and the bad.
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