Vacant land is an appreciating asset, and there are many fun ways to make use of it and boost its value along the way.
In a high-growth area like Central Florida, we have the opportunity to enjoy outdoor activities throughout the entire year, so it’s common for owners to transform vacant land into recreational properties.
Owning a recreational property can not only help you to enjoy your hobbies, but it can also put money back into your pocket, especially if you build a business to accompany your property. Below, we will review some common ways to utilize vacant land for recreation and how you can get started doing so today.
1. Decide How You’re Going To Use The Land
There are endless opportunities for vacant land in Central Florida. However, some recreational uses will require more time and effort than others. You’ll need to give a lot of thought to your intended use and decide if you’re willing to invest the time and effort into bringing it to life. Whether your goal is to create a new income stream or satisfy a passion, an important first step is clearly defining your intended use and a plan to make it happen.
- Use Your Land For Hunting
Many people dream of owning their own private hunting land. Depending on the size and location of your property, you could turn it into a hunter’s paradise for yourself or you could even make it available for other hunters. Simply evaluate the hunting conditions on your land and assess the types and quantity of wildlife. - Create A Campground
Transform your vacant land into your own camping oasis or start a public campground. This is a low-cost way to turn your lot into a recreational property while also creating a revenue stream. - Open A Driving Range
A driving range can be a highly lucrative recreational property with minimal overhead. You’ll need to clear the land and invest in golf balls, teas, pads, and pick-up machines. This is a great land-use concept for golf lovers. - Boating And ATVing
If your vacant land has plenty of trails or a large lake or pond, then you might decide to use the land for recreational boating or ATVing.
2. Understand Zoning Restrictions
Zoning laws govern how a piece of land can be used. These laws are often set at the city or municipality level. You’ll need to make sure the land is zoned for recreational use, and if it isn’t, you’ll need to have the property rezoned which requires an application, a zoning staff review, and a public hearing in most Central Florida jurisdictions. If you’re planning to build on your recreational land, the property will need to be zoned for that, too. Keep in mind that if a property is only zoned for recreation, it could also limit your ability to live on the land or build a business.
3. Consider Access To Utilities
If you’re planning to open a business or allow the public on your recreational property, you’ll probably need to ensure the land has utility access, so you can run water and electricity to the property. The need for utilities ultimately comes down to your individual use case.
Vacant land is full of potential, especially in a beautiful, growing area like Central Florida. If you want to own a recreational property, there is so much opportunity. Contact Palmetto Realty today to start searching for the perfect lot.