What can vacant land be used for?
You can designate an area to be free from hunting, camping, logging and even fishing. Some landowners are happy to simply buy land and allow it to return to its natural habitat. They can even farm a small area of it and leave the rest of the land to the wild, with plenty of trails for kids and dogs to explore!
How can I buy vacant municipal land in South Africa?
Approach municipality about the land you want to buy….There are different ways of buying municipal land:
- A private treaty between buyer and municipality where offers are made and negotiations concluded in terms of Section 14(2) of the MFMA.
- Public auction where the property is sold to the highest bidder.
How do I start a farm with no money in South Africa?
- Use spare or unused land. Everyone agrees Mzansi needs new farmers.
- Don’t be scared to start small.
- Never stop learning.
- Utilise your networks and collaborate!
- Find funding.
- Start a communal farm.
- Don’t be scared of failure.
- Hustle, hustle, hustle.
What can you do with vacant land to make money?
Ways to Make Money Off Your Land Almost Immediately
- Rent plots to groups looking to build a community garden.
- Start blogging about your newest farming adventures.
- Sell local honey at farmers markets.
- Sell plant seeds online.
- Offer indoor or outdoor storage.
- Create fishing lakes or ponds for local fisherman or groups to rent.
Can vacant land be negatively geared?
Introduced to the Parliament on 24 July 2019 and passed by the House of Representatives on 31 July 2019, the Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 is now before the Senate. The bill, if passed and assented to, would essentially remove negative gearing for vacant land.
https://www.youtube.com/watch?v=B6SneOtmSn0