When homeowners with a lot of empty land start thinking about all the open space, it can be overwhelming and hard to find practical ways to use that land. However, there is a vast amount of ways to use your land’s versatility and maybe even profit off of it.
When you fully understand what can be done with a property in accordance with your local zoning and planning administration, you’ll start to realize there are a lot of potential options on the table.
Build another home
In times when the demand for housing is strong and real estate markets are booming, building a single family house, duplex or multi-family dwelling could be the best use for your vacant parcel of land. The great thing about this option is that most vacant lots are already zoned precisely for that purpose, and whether the dimensions of a parcel of vacant land are large or small-building a new home may be a valid option worth considering.
Have you heard about the tiny house movement? What was once a small hobbyist niche a decade ago, has now exploded into an extremely popular lifestyle design choice while garnering a great deal of interest from the mainstream.
The best thing about tiny houses is that they’re almost always built on a trailer. Tiny houses are built that way because they rarely conform with any municipalities zoning requirements. They typically require any legal residence to be 600 square feet in size or larger.
Depending on the size of your property, type of soil, and climate farming can make earn you some extra money. Whether the property is currently being used to grow crops or if it could potentially be developed for that purpose, which may be one avenue worth exploring.
Farmland in some areas of the world can be leased or sold for an extremely high rate per acre. Depending on the characteristics of your property, this could be a potential use worth inquiring about. If you’re not sure what to look for, try contacting an agricultural real estate broker to see if you property might be a good fit.
Along the same lines of using land for farming, another potential use would be to use the property as an orchard. Whether it’s used for growing apple, oranges, pears, grapefruit, lemons, nuts or any of the dozens of other options to choose from, and orchard can be big business. Food production is a big deal in many parts of the world, and there is usually a high demand for this kind of produce in most areas. If your property is situated in an area with an ideal climate for this purpose, why not take advantage of it.
If your property is situated in a near farming community, there is a good change it could be used for raising livestock. Cows, pigs, horses, chickens, goats and sheep all need a place to call home. In some markets, grazing land can be easy money for landowners. If you’ve got a large tract of land that isn’t being used for anything else, why not lease it to a farmer in the area.
What makes a Lyon Auction unique among the auction circuit is that all of the equipment is in the same location. Companies are able to liquidate a large fleet of vehicles in a single location. Lyon Auction is able to help well-known companies from conception to the conclusion of an auction. This makes it headache-free and as enjoyable as possible for both the seller and buyer. If you have any questions, feel free to contact us, we’re listening!