The big selling point for Legends of Aria’s housing is that the system does not actually require you to build a house on your land. You can let someone else build a house there, and then charge them for the right to have that house! Great news for anyone who’s ever had a fantasy of being an in-game landlord, although you’ll have to decide for yourself whether or not you want to dress up in an old-time suit and a top hat before bundling off to collect someone’s rent payment.
For those of you not motivated by being the villain of a Dickens story, you can also use the land to produce other sorts of spaces like open-air markets, tournament grounds, parks, and so forth. It all depends on who gets the land and what the owners decide to do with it, as it is explicitly meant to be limited and therefore valuable. You can see much of it demonstrated in the video just below.