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Tuesday, October 17, 2017

Not Allowed To Build On Your Plot? Try These Money Spinners

by Editor (editor), , October 19, 2016

Things don’t always work out the way you hoped. But there are plenty of other options to make that plot pay its way.

You might have fallen in love with a little plot you found online and bought it before you really thought about what you could do with it. Maybe you thought about building an eco home then found the local authority weren’t up for that. You might have chosen it as somewhere to keep a horse, or graze a goat. Things don’t always work out the way you hoped. But there are plenty of other options to make that plot pay its way.

Many local authorities are keen to be seen to support green energy projects. If your plot is clear, why not invest in a few solar panels? You rarely need permission to set this kind of thing up, but it’s worth checking first. A wind generator probably will need a license or planning consent. This is because of its height. Both these ideas can generate you a pretty good income if the weather is right.

Some plots are clear of trees and rock. And they can be pretty flat too. If you can get a tractor on there, chances are you can make some money selling your own hay. Fallow land can be nurtured to good health then used to grow crops or used to make hay. Crop growing may be regulated in your area, and there is a lot to learn about farming in this way. Haymaking is easier, although it could do you well to speak to your local farmer for help and advice. You can browse hay covers to get an idea of what your initial outlay may be. Then work out where to sell it.

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If your plot is easy to access from the road, why not consider renting it out for stands, stalls, and car-booters? Garage sales from a field are pretty popular in some places, so why not see if your local community would be interested? Consult with your local authority to determine if you need any special permits. You can charge per seller and per visitor to maximize your revenue stream.

Festivals, particularly music festivals, are often held on large fields. This can minimize the disruption to suburban and city neighbors. You will need a permit, and you’ll also need to manage the health and safety aspects of such an event. Alternatively, hire the field to a management company and let them take on all the heavy work. These events can be highly lucrative and may be just the revenue stream you’re looking for. Of course, it will be seasonal.

If you’ve tried to build a dwelling on your plot and failed, why not see if your local planning office would be more interested in a business occupancy? Edge of town business parks are very popular as they provide cheaper premises than the city. You can draw up the plans then sell the plot with the permissions. Or you could invest the building costs and become a landlord. There are different levels of involvement with these projects that you could take on. How will you utilize your little plot?



About the Writer

Editor is an editor for BrooWaha. For more information, visit the writer's website.
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