How You Can Monetize Idle Land in Kenya
Most people struggle to see the practical application and importance of row land. They fail to realize that there are many opportunities for those interested in being landowners.
Pendo Setim
Many people struggle to see the practical application and importance of row land. They fail to realize that there are many opportunities for those interested in being landowners. These are a few business ideas for vacant landowners which when implemented can make money off the property. One can:
Sell the land
Land can be of no use at the moment but if one holds on to it till they see the importance of such land, it is going to be of benefit to the owner. Today, the land is worth between 3 and 5 million and therefore vacant landowners shouldn't just sit there doing nothing but rather find this as an opportunity to generate income.
Lease out
Foreign investors are the potential investors in wanting land for lease. Farmland leases may allow tenants to raise livestock or keep animals. The land is often leased for agricultural purposes where green housing operations from horticultural produce like wheat, flowers, and herbs to animal enterprises.
Warehousing
This is considered one of the most important aspects of the trade. Some of the commodities produced only in a particular season and thus warehouses ensure off-season availability of such commodities. Some of the products which are produced throughout the year but their demand is seasonal is also a reason for the need of having many warehouses.
Event hosting
As mentioned earlier that today's land is worth between 3 and million per acre, one can make quick money from their land by resting it out for different events. corporate and social events for example weddings will pay a good amount to be hosted on nice grounds One needs just to do proper landscaping and it will all be ready to go.
Beekeeping
Keeping bees is a major source of income these days. The fact that beekeeping requires permanent availability of water may require that boreholes should be dug as a supplement source of water. Beekeeping is favorable in areas away from people and cultivated fields and thus a vacant land is an effective requirement of beekeeping. One can plant flowers around such land so as to attract as many bees as possible.
Building boreholes
In arid areas where irrigation is carried out, boreholes are important for supplying permanent sources of water. For such irrigation to be effective many boreholes may be of importance and thus a vacant land may be a potential site for digging boreholes. Boreholes collectively describe holes drifted as part of geotechnical investigation and thus these holes can include holes to collect soil samples and water samples.
Foresting the timber
One can plant trees and use the timber to generate income. One can also begin a firewood business. One needs to have access to a lot of firewood and thus the vacant land can be a source of firewood by planting trees. One can sell firewood to neighbors. Such business thrives during cold seasons becoming a profit to the business owner. The best money is in selling bundles. Many consumers want to buy a bundle big enough to stock their fireplace for at least a week or two The demand for furniture is very high too. You can set up a furniture shop alongside your source of timber.
