Four Creative Ideas to Make Use of Urban Real Estate

Urban real estate can be difficult to develop without a lot of financial capital. Anyone with an empty lot, however, can use any of these techniques to improve the neighborhood and make use of the property.

Urban Gardening

Urban gardening is increasingly popular, and it’s impressive how many vegetables can be produced on a single lot. With a few raised beds, it’s easy to grow greens like lettuce and arugula, plus tomatoes and larger vegetables. A single lot can provide produce for your family and friends, or it can be used as valuable real estate for community gardening. Let people in the neighborhood plant and maintain individual plots, and everyone can have an opportunity to improve the diet in their household.

Tiny House Construction

Another popular movement in America is the shift toward smaller living spaces. A tiny house can be constructed on a trailer chassis and provide more than enough space for one or two adults. Zoning laws can be a complicating factor in many cities, and some areas may prevent people from residing in a tiny house on wheels. Even if the tiny house cannot be your legal residence, you can still use the space to construct two or three houses and display them for sale. Buyers can move the homes to a trailer park or suburb with less stringent zoning laws before living inside. Unlike the construction of more conventional homes, building a tiny house doesn’t require the same range of certifications and permits.

Petting Zoo

Visiting a petting zoo is a highlight for many children, and one of the biggest advantages of being a grownup is doing whatever you want. Adults who remember loving petting zoos as kids should consider starting something similar themselves. Goats produce a fair amount of milk and meat, but there are often regulations against raising livestock inside of city limits. A collection of pets, on the other hand, is distinct from livestock because they aren’t being raised for food. A petting zoo can teach neighborhood children about different types of animals that they wouldn’t normally see in the city.

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A BYOB party is a common way to limit the expense of hosting a get-together. A simple variation on that idea would be to have a place where people from the neighborhood could gather and socialize. Bars and other businesses can be expensive, but many people are happy to bring their own beverages to a park or other public space. Of course, it a lot of complicated liability issues attached to this kind of project. Owners of a particular piece of real estate often have a certain amount of liability for accidents which happen there.