Sometimes, funds for either commercial or residential development might not be available, hence the land could lie idle for some time .
This should not be the case, as land can be used for other income-generating activities before one gets enough money for development or the intended purposes .
Here are some ways you can use your vacant plot to make money or benefit you in away .
1 .
Lease it There is always a person wishing to use your land for commercial purposes without having to buy it .
You can allow them to use it at a fee, for a specific period of time .
Make sure that your agreement is written down and legal aspects are catered for to avoid future conflicts .
Most of the people who would like to use such land could be foreign investors, who might want to live shortly in the country .
For instance, having a plot in Joska could be a fine opportunity due to the development of the Greater Eastern Bypass which is proposed to connect Thika-Garissa Highway through Lakenya Hills, and Mombasa road .
In such an instance, your plot could be leased by contractors to have their station, and in the end, you are left with your land and money .
2 .
Farming Any piece of land can be used for farming instead of letting it lie idle unless it is not suitable .
If there is sufficient water, one can use it for all-season farming through irrigation .
In modern society, people are embracing new farming technologies where you can reap millions from a piece of land as small as an eighth of an acre, such as greenhouse farming .
Around Nairobi, most of the soil is black cotton soil, which is suitable for farming by irrigation .
Sometimes one might say s/he is too busy for farming, but you can still hire someone to do the farming on your behalf, as you reap the profits .
This could apply to speculative and residential property .
One of the best places you can get such land is along Kangundo Road in areas such as Joska, Kamulu, and Malaa where there is a shift in demand and supply of land for all purposes .
Farming could also entail planting seedlings for sale, especially in areas where people are planning to buy residential land .
3 .
Warehousing In areas where towns are developing very fast, people are looking for warehouses to store their goods for trade .
This could be the best opportunity for commercial purposes without having immediate plans for development .
You can build temporary warehouses or allow investors to build, as you collect monthly rent for those getting warehousing facilities .
4 .
Event hosting Depending on the location of your property, you can allow people to host events in your plot at a fee, instead of letting it lie idle .
This can mostly happen during the weekends to hold events such as weddings and other celebrations .
All you have to do is make the plot presentable and partner with other business entities who can provide facilities such as tents, food and drinks, entertainment and security .
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