Abstract

Property value is determined by many factors out of which are population changes, changes in demand, availability of infrastructural facilities and functionality of these facilities. This project aimed at examining the effect malfunctioning infrastructural facilities have on property values in the study area.
The research data was obtained from two principal sources, primary and secondary sources and data was analyzed through the use of frequency distribution tables and percentages. From the findings, it was revealed that most of the infrastructure in the study area were available but the greater percentage of them were not functioning hence, property values in the study areas grew at a much slower rate as when compared to the ones in the city.
Finally, it was recommended that proffessionals take part in the construction of buildings neglecting the cost they impose as they help ensure functioning infrastructure. Also, maintenance culture should be practised by both government and citizens alike as functioning infrastructure improves quality of live and the value of residential property.

Table of Content

TABLE OF CONTENTS
Title Page…………………………………………………………………………….i
Certification……………………………………………………………………….....ii
Dedication …………………………………………………….…………………….iii
Acknowledgement…………………………………………...………..………..........iv
Abstract………………………….……………………………………….….....….. v
Table of Contents……………...……………………………………………………..vi
List of Tables…………………..……………………………………………….........x
List of Figures……………………………………………………………………..…xi
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study .......................................................................................... 1
1.2 Statement of the Problem ..........................................................................................2
1.3 Aim and Objectives ...................................................................................................3
1.4 Scope of the Study………………………………………………………………….4
1.5 Limitations of the Study............................................................................................4
1.6 Significance of the study of the Study………………………………………..…....5
1.7 Definition of Terms………...……………………………………………………….5
CHAPTER TWO: LITERATURE REVIEW
2.1 Concept of Infrastructure…………….. ....................................................................7
2.1.1 Characteristics of Infrastructure.............................................................................10
2.1.2 Types of Infrastructure…………………................................................................11
2.2 Stakeholders in Urban Infrastructure……..................................................................14
2.3 Determinants of Property Value…............................................................………….15
2.4 Residential Property types under the study............................……..………………..17
2.5 Concept of Residential rental property and housing quality.....................................18
2.6 Urban Infrastructure and Property Value……………................................................21
2.7 Causes of Malfunctioning Infrastructure…….……………………………………...22
CHAPTER THREE: RESEARCH METHODOLOGY AND STUDY AREA
3.1 Introduction ..............................................................................................................24
3.2 Sources of Data Collection……….........................................................…………..24
3.3 Sampling Technique ................................................................................................25
3.4 Sample Frame and Size ...........................................................................................25
3.5 Method of Data Analysis …….................................................................................25
3.6 Study Area …………………...................................................................................25
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Introduction .............................................................................................................28
4.2 Distribution of Questionnaires..................................................................................28
4.3 Respondents; Bio- data.............................................................................................28
4.3.1 Respondents Sex....................................................................................................29
4.3.2 Respondents’ Level of Maturity............................................................................29
4.3.3 Respondents’ Literacy Level ...............................................................................31
4.3.4 Respondents’ Job Status.....................................................................................31
4.3.5 Respondents’ Occupancy Status...........................................................................32
4.3.6 Types of Residential Property Occupied by Respondents...................................34
4.4 Availability of Infrastructural Facilities in the Study Area....................................35
4.4.1 Respondents’ Opinion on Availability of Infrastructural Facilities in the Study Area …………………………………………………………………………………………35
4.4.2 Attributes of Available Infrastructure in the Study area........................................36
4.4.2.1 Respondents’ Opinion on Condition of Roads...................................................36
4.4.2.2 Respondents’ Opinion on Condition of Electricity.............................................36
4.4.2.3 Respondents’ Opinion on Condition of Water Supply .......................................38
4.4.2.4 Respondents’ Opinion on Condition of Waste Management System.................38
4.4.2.5 Respondents’ Opinion on Condition of Medical Centre.....................................39
4.4.2.6 Respondents’ Opinion on Condition of Schools in study area…………............40
4.5 Trend in rental Value of residential properties in the Study Area………………….40
4.6 Respondents’ Perception of Trend in Rental Value in Study Area……...................41
4.7 Respondents’ Perception of Level of Maintenance of available infrastructure in Study Area…….........................................................................................................................42
4.8 Respondents’ Perception on effect of functioning Infrastructure………………….43
CHAPTER FIVE: FINDINGS, RECOMMENDATION, AND CONCLUSION
5.1 Findings ...................................................................................................................45
5.2 Conclusion ...............................................................................................................45
5.3 Recommendation .....................................................................................................45
REFERENCES ..............................................................................................................47
APPENDIX ………………………………………………………………………......50

Introduction

A functional residential building is crucial to the development of a healthy and comfortable living environment. It is one of the three basic needs of man coming next in importance to food. Its importance lies not only in its value for individual household residing in it but also in the neighbourhood where it is located. Just as a building is meant to be accessible, it is also meant to provide comfort for the occupier and comfort can only be obtained from availability of adequate and functional facilities within and around the building

Effect Of Malfunctioning Infrastructural Facilities On Resident Property Values In Ado-Ekiti

Key Features

Table of Content

Introduction