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January 22, 2019

How to Turn that Vacant Lot into Money

For a lot of Filipinos, a land that they own is one of their most precious assets, and they’re correct. A land in this day and age is a good asset to have. You can hold on to it for decades and expect its value to go up.

Usually, there are two reasons why we invest and hold on to land. It’s either for later use or if we plan to hold on to it and wait for it to increase in value so we can sell it and make a lot of money in the process.

The question is – why not make a lot of money now?

Turn that Land into a Money-making Machine

There are several ways for you to make money off of your precious land. Here are some of the proven ones:

  • Build an apartment complex.

A lot of people are looking for a place to rent these days. This is especially true in Lipa. A lot of college students from other provinces come here to study. More and more jobs are opening up. They’re not looking to buy a house and lot since they know their stay is probably temporary. They don’t want to spend a lot of money to rent a whole house so an apartment room is the most logical choice for them.

It doesn’t even have to be a big apartment complex. Even a 5 door apartment complex can give you around PHP 40,000 a month of residual income.

Imagine how much money you’ll earn out of a big apartment complex.

  • Build a commercial complex.

We’ve been seeing a lot of potential business owners looking for a place to rent for their business and they’re having a hard time looking for one. If your land is in a good location with a lot of foot traffic, business owners will be signing up even before you finish building the commercial complex.

  • Build a multi-use complex.

If you have a big property, consider building a multi-use complex complete with residential and commercial spaces. In this busy world, renters appreciate having everything right there where they’re living.

  • Build a house and rent it out.

There are also individuals and families looking for a house that they can rent. These individuals are usually expats looking for a place to stay. On the other hand, these are families that can’t afford to buy a house yet, so they rent.

You can rent it out on a monthly basis or list it on Airbnb where a small house in Lipa costs almost PHP 3,000 a night to rent.

  • Build a house to sell.
2 storey house plans

Also known as flipping houses, this is big business in the United States. Basically, you invest in building a house on your land and then you sell it for a higher price once it’s built. You then re-invest that money on another house and lot and then sell it again for a higher price. Team up with a good contractor and realtor and you can expect to earn a lot of money doing so.

Get in Touch with Us!

Let’s discuss these ideas so we can show you how we can turn them into reality. Contact us today!

2 Comments on “How to Turn that Vacant Lot into Money

[…] There’s no point in investing in buying a home when you only plan on staying there for a year or two. Unless, you want to invest in a home for you to sell later on when you don’t need it anymore. This can give you a lot of income potential. […]

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[…] You can also build a home and sell it together with the land. These are some of the ways your vacant lot can make you money. […]

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