There are a few ways you can utilize your land wisely. One way right off the bat is as a home builder; when you have purchased some land for this purpose, do some homework. Find out if the people who would be buying the homes prefer a development where the houses are large but on a small plot of land; or would they pay more for a customized house on a large piece of property. This knowledge will help you determine what kind of homes to build; and maybe if you should include features like a man-made lake or a big clubhouse.
These days entirely self-sufficient communities are being built. This is where you can live, work, shop, and participate in recreational activities within the boundaries of the community. Such places are especially popular with retirees and senior citizens. Knowing what kind of a community people want to live in will definitely help you develop your land wisely. Then it will prove to be a fantastic investment for you.
In another smart use of the land you can find property acquisitions that will allow you to construct commercial buildings. This is a very good move. People need places to work, places to shop, places to go for sporting events or cultural activities, even places to study and do research for school or for a job - like libraries. Again, find out the needs of the townspeople in the land you bought. Then plan a project that they can benefit from and improve the financial well-being of that town.
An entirely different way of wisely using land is to leave it in its natural state and develop it just enough for people and wildlife to visit. We're talking about places such as national parks and forests; or land that includes a body of water - like a natural lake or a small pond or even a fountain or a waterfall. All living creatures great and small, animal or human can enjoy such land. Maybe you own a piece of property near an ocean or an even bigger lake that contains a beach. Think of what a wonderful thing a private or public beach can be for local residents and out-of-town visitors alike. This is a wonderful use of both land and water. While they are there they are likely to be able to observe water birds and fish and other types of creatures that inhabit a beach.
Yes, there are many ways an owner of some land can develop it in a wise manner. All it takes is some research and patience; as it will not be an overnight project. However, if you are prepared every step of the way, one day many, many people will get to enjoy the fruits of your labor. With this advice in mind, go ahead and invest in some land. Think of all the people that did this before you. You will realize that you too can succeed in using your land wisely.