As investment, I bought this, instead of stocks. Any ideas on what to do with it?
Location:
- 75km (1hr) to a big international airport. Airport has direct flights to most EU capitals (2-4hr flights)
- 50km to city center
- 25km from nearest large residential area (500,000+ population)
- 5km from massive organized industrial area (government supports factories here)
- 35km from a rich residential area
- 1km away from the village (its old and mostly depopulated) and animal husbandry area
Access:
- There is public transportation, but one has to walk 1.5km after leaving the bus.
- There is no direct road access to the land. You have to walk like 200m after leaving your car.
- 1km road to here is non-asphalt and its a bit bumpy ride. When it rains, it gets bad here. It rains rarely
It is quite peaceful and quiet there. You can hear interesting bird sounds sometimes. You see no buildings, no cars and no humans anywhere near you when you’re there, which feels great imo. You notice the air quality after you leave your car. I personally absolutely would want to live here for a while
Ideas
- Trying to clarify this rn, but I think I can make $120-160/yr/decare from leasing the land to a farmer. Land is 25 decares
- “Unique co-living opportunity with vegan food & yoga sessions” In other words, remote work / digital nomad village for people who want to work REALLY remotely :) I’d have to arrange electricity (solar panels and powerbanks), internet, toilet, shower, water, tents, mattresses/pillows/sheets, food, drinking water. (Though I don’t know what people will do when they’re bored here? Any ideas? Meditation would get boring after some point)
- Sadly location isn’t touristic, but it is 1hr flight away from extremely touristic areas. One of those areas, a city, was the most visited city in the world a few years ago.
- I’ve met a few volunteers and they seemed quite willing to volunteer for whatever I decide to do here (if I do anything). For those unfamiliar: WWOOF and Workaway
Also- Any suggestions on where I should ask this question on the internet?
Did you check that you’re actually allowed to build and live there? Depending on where that is (i guess left out on purpose), you can’t simply decide to build a house in a field.
Yes I can build 250m2 of house here but that would kill land’s future investment potential (organized industrial area expansion is the development play here)
So instead I plan to use tents to host people if I ever do something here
Though, I guess I can build sheds if they are easy/cheap to remove. I don’t know much about construction
You could use it as a camp or festival ground with very little upfront cost, especially if you plant some trees.
That might be illegal if it’s not zoned for residential. That’s how it works in the USA.
250m2 of permanent structure is legal. Non-permanent structure (tiny houses with wheels, tents) of any size is also legal.
Hypothetically maximum residential development here might be something like 25,000 m2 of apartments, which can be sold for +$1000/m2. That would be very be illegal. Also, this area would be zoned as industrial, not residential (after 2040-2050)
I’m just dreaming. Let’s say I created a nice community here and offered cool activities like woodworking, gardening, meditation, yoga, massages, weightlifting, social dancing, soccer or some sport, community dinners. I don’t know the cost* of doing all that but say I get on Booking for $10/night. Hosting 1 person per 100 m2 means 250 people :D I think it would be a no brainer to pay $300/mo for all those activities and to be around nice healthy likeminded people. Depending on the quality of the community, people might be willing to pay up to $1000/mo imo.
*toilet & shower, sleeping tent, mattress & pillow & bedding, solar panel & powerbank, desk & chair, co-working tent, transportation costs, security, food, drinking water… I’d have to somehow transport poop out of here or make poop disappear
Alternatively, I might want to do this in mediterranean region. It would be easier to market, right? Idk if I can rent someone’s land to do this tho?
Make poop disappear? You’re thinking of a porta-potty or like the toilets they have in national parks that are basically just giant pits that get pumped out by shit trucks every so often.