9 Ways to Make Money from Your Land Investment in Kenya
Owning land is a valuable investment, and there are many ways to make money from your land beyond simply selling it. Whether you have a small plot of land or a large piece of property, there are opportunities to make money on your land investment.
In this article, we will explore some of the ways you can make money from your land investment that doesnâ€™t require too much capital to start.
1. Leasing the land.
Farmers or ranchers may be interested in leasing your land to grow crops or raise livestock. The terms of the lease agreement can vary, but as the landowner, you can receive a percentage of the profits generated from the agricultural activities on the land in exchange for allowing the farmer or rancher to use the land.
You may also charge a flat fee for the use of the land. It is important to clearly outline the terms of the lease agreement in a written contract to avoid any misunderstandings or disputes.
2. Developing the land.
Developing land refers to the process of improving a piece of land and turning it into a developed property, such as a residential or commercial building. If your land is located in a desirable area, you may be able to profit from developing it.
It is important to carefully consider the costs and potential risks involved in developing land before embarking on a land development project.
3. Camping or glamping.
Camping or “glamping” (glamorous camping) on your land is a way to generate income from your land investment.
To offer camping on your land, you can set aside a designated area for tents or RVs and charge people a fee to stay overnight.
“Glamping” involves setting up more luxurious tents or tiny homes on your land and offering a higher-end camping experience to guests. This may include amenities such as comfortable beds, electricity, and indoor heating and cooling.
To make money from camping or glamping on your land, you can charge a daily or nightly rate for the use of the campsite. You can also rent it out on Airbnb as an “off-grid” experience for tourists.
4. Agriculture or animal farming.
To make money from agriculture or animal farming on your land, you will need to invest in the equipment and supplies needed to get started, such as seeds, seedlings, feed, and fencing.
You will also need to invest time and labor into maintaining the farm or animals and harvesting or raising the products or animals for sale.
5. Hosting a billboard.
If your land is located in a high-traffic area, you can allow a company to erect a billboard on your land and charge them rent for the use of the space.
Keeping bees on your land can generate income through the sale of honey, beeswax, and other bee-related products. It also can help with the pollination of plants and bushes in the area.
7. Using your land as a wedding venue.
If your land is in a picturesque location or has a unique or interesting feature, you can allow people to use your land as a wedding venue and charge a rental fee.
8. Building a parking lot.
If your land is located in a busy area and there is a shortage of parking, you can clear a piece of your land and build a parking lot that you can rent out to people who need a place to park their cars
9. Allowing a cell phone tower.
You can allow a cellular provider to install a tower on your land and charge them rent for the use of the space. That is if your land is in a location that has a high demand for cellular service,
By considering the resources available on your land, your interests and skills, and by following any relevant laws and regulations and managing the costs and risks involved, you can turn your land investment into a profitable and rewarding venture.
What other idea do you think would generate income on a bare piece of land that does not require too much capital to start? Let us know in the comment section below.