5 Effective Ways To Get More Out Of Your Vacant Land in Ghana

Do you own a vacant land? Do you know that your bare land can be economically beneficial to you rather than leaving it empty and undeveloped? Here are some financially viable activities you can engage in to make your vacant land productive and even earn money on it.

Lease your vacant land to an investor

You can enter into an agreement with an investor for a fixed period with a start and an end date. Leasing your land means that you the owner can repossess your property after the period has expired. It can be a short contract or an extended lease. Leasing your land can provide you with a steady income. Thus, you can receive a lump sum of money or arrange for periodic payments.

Use your land for Farming Activities

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Farming in Ghana is a productive activity to undertake. In most urban areas, due to a high demand for residential and commercial buildings, agricultural activities are almost non-existent. However, you can earn money from your vacant land by cultivating crops. You can grow vegetables, tubers or cereals. These crops are always in demand on the market. If farming your land yourself is a daunting task, then engage the service of a farmer and come to an agreement on how the produce will be shared.

Rent your land for special events like weddings and parties

You can turn your vacant land into a rental space for gatherings, meetings, wedding receptions, parties, funerals, etc. People are always looking for a venue or space for an event. Your vacant land can serve that purpose. This means that you can make money by renting out your land and charging extra for maintenance.

Grow flowers on your land to sell

Growing flowers can be fun and rewarding. It is an eco-friendly activity. It is a perfect home business where your children and spouse can be involved. Thus, growing flowers to sell can be a profitable endeavor for you.

Use your land as a Parking Space or Recreational Centre

If your land is located in a vibrant business center, you can turn it into a parking lot or a recreational center. Most of these business centers have little space for people to park their cars or engage in pleasure related activities for relaxation. The list is inexhaustible. So instead of leaving your land vacant, come up with your own creative means of making your bare land is productive and beneficial to you.