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5 Ways You Can Make Money from bare Land in 2020

Posted by social.media@thewealthsmith.co.ke on July 2, 2021
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Some real estate investors shy away from investing in bare land due to the limited information on how to achieve returns on investment. However, like all real estate, land is a valuable investment, and your choices will determine its profit margin.
There are several factors that determine the value you gain from land and depending on your investment plan, you can convert your piece of land to money -generating asset. For those who are exploring business options for their bare land in Kenya, here are five ideas to get you started.

  1. Farm the land
    You can use your land for commercial agricultural activities or lease the land to farmers in the area your land is located. There are various activities you can focus on when you think about farming, examples include greenhouse farming, cash crop farming, and fish farming. Laikipia County, where 3 of The Wealthsmith Limited real estate projects are located, has horticulture production as a major economic activity. Farming ensures you have a secure source of income and your bare land has been put to good use.
  2. Construct Buildings
    The surest way to gain money from your bare land is to increase its value. One of the ways is constructing rental and commercial buildings. Those located in a location with a high number of tourists would construct a resort while those next to upcoming towns can look into buildings that can be rented out to businesses and residential houses. An investor in one of The Wealthsmith projects near Ol Pejeta Conservancy is currently constructing a resort that will tap into the tourism sector the area has to offer.
  3. Create a campground
    Camping is an exciting venture to embark on because who doesn’t love the great outdoors. You can convert your piece of land into a beautiful and well-equipped camping ground. This venture will attract people who are looking for adventure and outdoor experience. This idea will depend highly on the location and size of your land for instance, investors who have land next to national parks and conservancies are more likely to get better business.
  4. Build a gas station
    This may sound farfetched and another costly business venture but, believe it or not, its returns can be smiled upon. Investors who own land in Nanyuki and its environs will tell you for a fact that the Nanyuki-Rumuruti road is much better than it was a few years back and work is still being put into its development. That said, those who have secured bare land along a highway or major road should look into building a gas station to earn from their investment. Gas stations have great potential to be a booming business within a short period.
  5. Sell
    It is true what everyone says, land increases in value over time. Therefore, you can invest in bare land in areas with growth potential, and once the value increases, you can sell your land at a profit. This is the easiest and cost-free idea to settle on however, do not get comfortable, find ways in which you can increase the value of your land while holding it.
    Looking for a place to buy bare land in Kenya? Contact The Wealthsmith Limited today.

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