If you are lucky enough to find yourself the owner of a patch of land, you can be left scratching your head, wondering what on earth you are going to do with it. Building large amounts of infrastructure on unused land can be expensive and risky. Luckily, there are some low-risk, high-yield solutions. Here are a few.
Car parking is an extremely profitable use of land if you play your cards right. In the United Kingdom, local councils make a huge quantity of money by charging for car parking. Private companies also make lots of money from finding desirable land for cars to park in.
If you happen to own a little bit of empty land near an airport, you have struck the big time. Partnering with companies like Parkon.com, you can make great use of your space no matter how arid the soil is. Investors know that airport parking is a pretty safe bet, so you could find that you don’t have to put any of your own money into building car parking infrastructure.
High Tech Agriculture
Agriculture has long been ignored as a way of making a guaranteed profit, but the tide is beginning to turn. High tech farming techniques have made it far easier to project profit when investing in agriculture, whilst indoor vertical farming has made even arid land into a potential cash cow. High yield, high price crops like hemp and specialist mushrooms are especially profitable.
As well as this, the market demand for fresh oyster, shitake, and porcini fungi is very high, and is likely to experience a boom as the world breaks free of the Coronavirus pandemic. Some infrastructure is needed before mushrooms can be effectively grown, but the profit margins once you are up and running are stunning.
The future of electricity production is undoubtedly renewable. Wind farms are one of the most efficient ways of producing renewable energy, and can be erected in an open space with regular airflow – if you can get planning permission. Empty land that is not suitable for crops or habitation due to soil quality or rugged terrain is perfect for wind farming. Energy companies pay huge sums to landowners willing to allow the construction of turbines on their property.
Biomass Energy Farming
Researchers in India have recently unveiled a list of some of the most profitable and useful ways the owner of a patch of wasteland can utilize their assets. One of the solutions that they settled on was biomass farming. The planting of quick-growing trees on wasteland is actually very important for the development of rural India. Fast growing trees such as casurina equistifolia are projected to be used in a network of rural Indian power stations as renewable biomass fuels. These small rural power plants need local biomass in order to work. You’ll receive a near-guaranteed return on your investment if you partner with an energy company to produce biofuels.