London-based blogger Ahmed Nashaat has become a most recognized authority in real estate in London and the rest of the UK. Often, he is asked for advice on the best course of action to take for a property that sits by idly. He shares his thoughts on this blog.
1. Wait for it to appreciate.
If you somehow find yourself with an inheritance of a rather big piece of real estate, you might be surprised to know that you can benefit from it by doing absolutely nothing. In fact, the more you wait it out, the higher its value will be, and you can surely sell it and enjoy its rewards, Ahmed Nashaat notes. This is the beauty of appreciation, which ensures that your property’s value increases through the years.
2. Turn it into a farm.
You can spend only a small amount of funding to turn your piece of land into a farm that yields fruits or vegetables. Many people have made steady income by doing this, and it’s always helpful to the community when they can depend on a crop producer that supplies in large volumes. Also, this exponentially increases the price of your land in its totality, should you decide to sell it, shares Ahmed Nashaat of London.
3. Build on it.
Many owners of huge patches of land are often limited by the huge investment capital required to build infrastructure in their properties. So, it’s a good thing that many investors are looking to gain from joint ventures with lot owners. This means that if you have a big enough land, you can actually have something built on it without you having to spend a single coin. All you need is a good business plan and a funder to mobilize whatever manner of enterprise makes the most sense to build on your property.