Could you be making money out of your land?

Owning land opens up all kinds of opportunities when it comes to making a little extra money. Here are just some of the ways that you could make money from your land.

Are there resources on your land?

There may be natural resources on your land that you can sell for a profit. If you own a woody area, you could consider turning it into a sustainable forest in which you cut down and replant trees for timber. There could even be ways of harvesting the soil if the land is particularly fertile.

Some people are lucky enough to find resources such as oil and gas on their land. You can find advice on how to earn money from these minerals at bopprelawfirm.com. Such legal advice can be useful for ensuring that you’re not underpaid.

Are you able to farm crops/keep livestock?

There could be a way of growing crops or keeping livestock on your land. Even if you don’t own a field, there could still be space for keeping chickens, growing mushrooms or even farming worms and snails. A lot of money can be made from setting up your own private farm, although you will need to invest in the right tools and permits.

Can you rent your land to others?

There may be a way of renting out your land to other people. In fact, there are practically endless opportunities as to how you can rent out land.

If you’ve got a large patch of land in a prime location, you could rent it out for events such as weddings and parties. You could erect a barn or a marquee on the land, which could make it more attractive as an event space. Alternatively, you could keep it bare and allow people to host markets and fetes on it.

Photographers and film production crew are also always in need of great locations for their craft. As such, another viable money-making option is to rent out your landed property for use as a filming area or photoshoot scene. “How do I list my home for filming?” is undoubtedly one of the questions you may be having concerning earning extra money off your property. You can find various websites seeking hire and provide a vivid description of your place, alongside some photographs and your rental price. What’s more, you get to decide what bookings you’ll accept, and under your preferred conditions.

A large patch of land could even be used to place solar panels or even a wind farm on. This land could still be rented out so that you’re making a continuous income off of it, while helping to improve green energy usage in your neighborhood.

You may even be able to build an annex or a new home on your land that can be rented out to people to live in. Some people even convert their garage or loft space into an extra room for a lodger.

Smaller patches of land could be rented out as parking space or as garden allotments. This is particularly profitable in urban areas in which many people may live in apartments of homes without driveways or gardens – if you don’t need your driveway or front garden, why not rent it out to these people that need it?

Have you got land to sell?

If you don’t want the hassle of renting and maintaining the land, you could consider selling it off. This could allow you to receive a large sum of money upfront, but it does mean giving up a lot of permission as to what the land can be used for (although you can still have a vetting process for buyers).