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Turning Unused Columbia Land Into Cash In The Bank

So many people find themselves paying property taxes and maintenance costs on land they never end up using. If you own a parcel of land, there ARE ways to make money from it. In our latest blog post, we will explore the ways you can turn unused Columbia land and turn it into cash in the bank! 

Depending on the size, zoning, and location of your land, there are a few things you can do with it to make money. If you own land in Columbia we would love to help you find ways to turn it into cash!

Sell It

The most obvious way to make money from your unused land is to sell it! Many people buy land, hoping to one day build their dream home. However, life often changes, and your plans to build are changed or put on hold. If you don’t have a concrete plan to build or use the land, there is no reason to continue holding on to it any longer.

We often hear people saying they are holding their land to one day give to their children. But will they want to be burdened with the taxes? Will they want to build in a spot you picked? Before you find yourself holding onto the land any longer, really think about what it is costing you, and what you are getting out of it in return. In many cases, by selling your unused Columbia land, you will be able to reinvest the profits into an investment with a higher payoff.

Lease It

Depending on the zoning of your land, there are ways you can lease out the property in order to make some extra cash. If it is in a commercial area, consider leasing it to a nearby business as a parking lot. You could also lease larger parcels out for recreational or agricultural use. Many hunters and farmers will pay to use the land until you are ready to use it for yourself.

Develop It

If you bought the land to build on, what is stopping you from doing so? Even if you aren’t planning on living there yet, you could build a structure on the land and rent it out in the meantime. You could build a small rental home using lower-cost materials, and create a rental almost immediately. Or you could build a commercial building on the property, adding value if you do choose to resell.

Divide It

If you own a large parcel of land, you might be able to divide it and sell lots individually. This can be a very profitable way to turn your unused Columbia land into cash in the bank. Subdividing large parcels of land can be very lucrative when done correctly!

Do you own land in Columbia that you aren’t using? Our team will help you evaluate your land and the options available to you. You don’t have to continue paying taxes on it while it does nothing for you!

Ready to learn how to turn your unused land into cash in Columbia? We can help! Send us a message or give us a call today! (803) 889-0840

Ben Lovro

Ben Lovro is an entrepreneur with a vision to improve neighborhoods and revitalize the communities that we live in. He has a clear passion for people and has developed effective strategies and real estate solutions in todays rapidly changing market. He is committed to being a lifelong student of Success Strategies and Leadership. Knowing what you want is perhaps the most important step in self-development; this takes much persistence and self examination. Once your desire to serve God overwhelms all other desires, you begin to step into your purpose and your mission in life changes. To be fulfilled in life you have to grow. The art of fulfillment is what develops our life into an expression for others to follow. Some of our greatest moments come from facing our fears and doing the things that scare us the most. You have been given one life, and one chance to tell your story. It's never too late to become the person that want to be.

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