Coming into rural land as a homeowner can be an exciting prospect, because outside of usual property, not many people have the chance to own open land by itself. A large field, some woods adjoining onto your property limits, this can all be quite exciting to see and cultivate, especially if natural formations such as streams are present.
But of course, it might be that the enterprising spirit in you hopes to also make this land work for your needs. While it’s true that this space will take cultivation and investment if you hope to get the best out of it, it’s important to recognize that making money from rural land is more than possible if you give it time.
Depending on where your property is located, the possibilities may differ. In this post, we’ll give you three striking examples that could inspire your thinking, and potentially help you get that ball rolling. Without further ado, let’s begin:
Renting Out The Space
Renting out the land itself can be a good way to make money. If you live near a river, for instance, a nearby boating club may ask to store boats on your land. Or, you might rent the space out for parking during a local community event. Perhaps you could even lend it out for wedding receptions, depending on the nearby amenities and facilities you have on hand. Of course, this will depend entirely on the kind of land you have, its condition, and proximity to everything else as well.
Farm Animal Cultivation & Care
It can be a fantastic use of your time to use the land for running a smallholding, including the farm animals that invariably come along with that. Even for domestic purposes, keeping a few animals, making sure they have their vaccinations, and perhaps using them for their produce can be a great use of your time. It might be that installing the best horse sheds and rearing a few horses can help your children learn how to ride, perhaps entering shows, or maybe setting the stage for a riding school. Think about the various lifestyles that given smallholding choices can mean, even a small petting zoo can provide thorough worth to the local community depending on your desire to run a business.
Solar energy farms can contribute to the grid and potentially earn from it, but of course, it might just be that installing some solar panels in a field can help you with your energy bills. It might even be worth considering hydropower in its rudimentary form, restoring waterwheels can be a great place to start. Solar energy helps you invest in the future of your property, and having the infrastructure in place will, of course, raise the value of the land if or when it comes time for resale.
With this advice, you’re certain to make appropriate money from rural land.