Investing in real estate is the best decision any investor could make. It will not only help provide financial security, but it’s an investment that will only prove to increase over time. The first thing that comes to mind when someone mentions Kentucky is usually the Kentucky Derby, fried chicken, or bourbon, but the Bluegrass State has so much more to offer. The state is also known for its rich heritage, sunny weather, clear skies, and some of the country’s largest national parks, which is why Kentucky is considered to be one of the most beautiful places to live. Investing in Kentucky real estate is something every investor should seriously consider. Investing in land is always guaranteed to generate the greatest return. Thankfully, there’s plenty of Kentucky land for sale.
Here are some reasons to invest in Kentucky land
Hunting
If you’re an avid outdoorsman, Kentucky is probably one of the best places to live, especially if you’re a hunter. Every year, millions of people flock to Kentucky because the state is home to a variety of big game, including, elk, wild boar, and even black bear. If you’re a hunting enthusiast, you could try hunting whitetail deer.
The state has the largest deer population in the country, which is believed to be just under a million. One of the great things about hunting in Kentucky is that licenses are not only cheap, often times under $100, but are also fairly easy to acquire. One of the problems hunters typically face is a lack of hunting space, which is why renting your land during the hunting season is a great idea. It will not only help with conservation, helping to control the deer population, but it will also be a great way to generate some extra money,
Fishing
Fishing is one of America’s greatest pastimes; it’s a great bonding experience, a way to feed your family, and often times a great way to relax. Kentucky is home to hundreds of lakes and rivers, including Lake Barkley, Lake Cumberland, and Kentucky Lake, which covers over 160 thousand acres. The Kentucky Lake is the largest artificial lake in the country and has over 2,000 miles of shoreline to fish off of. Kentucky has some of the largest white bass and carp in the country, which is why fishing anglers contribute more than a billion annually to the state economy. Allowing people to fish on your property is always an easy way to generate revenue, requiring little or no upkeep, fishing is a pastime that isn’t going to go out of style anytime soon.
Farming
Agriculture is the state’s financial backbone, with over 85 thousand farms. Farming contributes more than 4 billion annually to the state’s economy. Kentucky has one of the most diverse farming industries, which includes, corn, soybeans, hay, and, of course, tobacco. The state produces more than 200 million pounds of tobacco annually, which continues to be one of the state’s most produced crops. Surprising enough, the only crop more widely produced than tobacco would have to be hemp, consisting of more than 3 thousand acres. Kentucky is the largest hemp producer in the United States and is often regarded as a Hemp Pioneer. With the newly passed United States Farm Bill, hemp production was federally legalized, which is why hemp continues to be one of the country’s most profitable industries. Leasing your land for agriculture purposes is a great way to generate consistent monthly revenue.
Commercial DevelopmentÂ
The great thing about investing in land is it’s an investment that is almost guaranteed to increase in value over time; one way to profit off of your investment is by leasing it to a commercial developer. Leasing your land to a commercial developer usually requires signing a long-term lease, but all obligations of maintaining the property are the responsibility of the tenant.
Solar Farm
Another way to profit off of your land is by leasing it to a solar farm. Solar power is probably our cleanest form of renewable energy; 25 acres is enough land to power more than 1500 homes. The great thing about leasing your land to a solar farm is because it is fairly easy to maintain, produce little sound, and you never have to worry about the surrounding plant and wildlife being disturbed.
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