IMPACT OF LOCATIONS AND RESIDENTIAL PROPERTIES


Department Of Estate Management


PAGES: 60
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00

IMPACT OF LOCATIONS AND RESIDENTIAL PROPERTIES

CHAPTER 1: Introduction

Residential Property consists of those properties which are zoned for single-family homes, multi-family apartments, townhouses, condominiums, and others. It is a type of leased property, containing either a single family or multifamily structure, that is available for occupation for non-business purposes.Location is among the main determinants of residential property value. It has been realized that location could either be tangible or intangible in nature. Tangible location factors include accessibility, transportation closeness to central business districts, building codes, household preference, demand, supply, population increase, closeness to place of work, community facilities, utilities and services, components or elements that form part of a building structure, zoning regulation, building codes, subdivision regulations, environmental protection laws, waste dumpsites, planning restrictions and so on. On the other hand, intangible location factors are those attributes of location that are invisible in nature. They include race, crime, safety, religious inclination, cultural identity, native inclination, security, ethnic background, indigeneship, apartheid, violent free areas, socio-economic background, and violent prone areas and so on. 

1.1            Background of the Study

The considerable research devoted to the determination of real estate values, shows that many have concentrated on the effect of location on property value. Location has long and frequently been considered a primary determinant of real estate value. An early study in 1926 addresses the role that location plays in determining land use and rents (Ridker and Henning, 1967). Location has since been examined from various aspects. While traditional location theory has focused on transportation costs rather than specific real estate features, often the value of physical attributes of real estate is obscured by values that tenants or owners attach to location and to direct property amenities. Within the complex bundle of services and amenities included in real estate transactions, many researches have shown neighborhood environment to be a key determinant in the value of the real estate package (Brigham, 1965; Kain and Quigley, 1970).

A critical look at the aforementioned models and postulations reveal that residential property value is determined by many factors. From the aforementioned, it could be observed that all these theories have some discrepancies as only few of them look at some intangible location attributes as indicators of land and landed property value. In a nut shell, the research has critically reviewed and evaluated various types of residential property value indicators from a review of available literatures. The previous theories on residential property value are tangible in nature and could not be used in every setting. It is therefore against this background that the research examines intangible location attributes as factors that determine and influence the values of residential properties in the study area. Excerpt (ALIYU AHMAD ALIYU 2012 IMPACT OF INTANGIBLE LOCATION ATTRIBUTES ON RESIDENTIAL PROPERTY VALUE IN NIGERIA PG1-5)

Therefore the research seek to appraise the impact of location on residential property

                                                                                                                                                                                                             1.2    STATEMENT OF PROBLEM

The existing wealth of knowledge reveals that tangible location factors are the prime mover in determining the worth of land and landed property (Garrod, and Willis, 1994 and Ana’s, 2002). This is of course true if someone looks at it critically and analyse things in an advance manner. However the value of landed property could also be determined by other intangible means. Sales and rental values of landed property could be arrived at by looking at many indicators like accessibility, transportation, nearness to school, place of work, place of worship, market, hospital,  To others, toxic or hazardous waste site is a function of worth of a real estate value . It could also be determined by the components and elements that form part of the building like, ceiling, roof, door, decorations, finishes, window, external and partition walls and so on . Race also plays a major role in determining the value of land and landed property. . Furthermore, the value or worth of a real estate could be arrived at by looking at the public utilities, facilities and services that go a long way in providing a conducive atmosphere and convenient environment for healthy and comfort living Other factors that are normally being considered when determining the worth of land and landed property include whether the area is designated as low, medium or high density areas. Poor people are mostly found in the high density areas like the suburbs, squalid areas and town centers. While middle class individuals are often found in the medium density areas like the government workers. The rich men and bourgeoisies could be sighted in the low density areas like government reserve areas. These categories of people buy or rent residential accommodation according to their earnings in their respective places of abode .Consequently it is imperative to stress the fact that residential property value is a function of many indicators as against the proposition of a specific factor as was expressed by early traditional theories. Therefore the problem confronting this research is to determine the impact of location on residential property

1.3 OBJECTIVE OF THE STUDY

1 To determine the nature of residential property

2 To determine the nature of location factors which influence the choice and value of residential property?

2       To determine the impact of location factors on the choice and value of residential property.

1.4    RESEARCH QUESTIONS

1   What is the nature of residential property?

2   What is the nature of location factors which influence the value and choice of residential property?

3   What is the impact of location factors on the value and choice of residential property?

1,5     SINIFICANCE OF THE STUDY

The study shall provide a study on the nature of residential property

The study shall proffer a detail appraisal of the divergent indicators which constitute the nature of location factor

The study shall be of immense value to property managers

It shall also serve as a veritable source of information on issues of location, value and choice of residential property

1.6             STATEMENT OF HYPOTHESIS

1 Ho The value of residential property is low

   Hi   The value of residential property is high

2        Ho The  demand of residential property is low

Hi The demand of residential property is high

3        Ho  The impact of location on residential property is low

Hi The impact of location on residential property is high

1.7            SCOPE OF THE STUDY

    The study   proffers an appraisal of the impact of location on residential property

DEFINITION OF TERMS

RESIDENTIAL PROPERTY DEFINED

Residential Property which is zoned for single-family homes, multi-family apartments, townhouses, condominiums, and others

A type of leased property, containing either a single-family or multifamily structure, that is available for occupation for non-business purposes.

LOCATION   DEFINED

Location is among the main determinants of residential property value. It has been realized that location could either be tangible or intangible in nature. Tangible location factors include accessibility, transportation closeness to central business districts, building codes, household preference, demand, supply, population increase, closeness to place of work, community facilities, utilities and services, components or elements that form part of a building structure, zoning regulation, building codes, subdivision regulations, environmental protection laws, waste dumpsites, planning restrictions and so on.

On the other hand, intangible location factors are those attributes of location that are invisible in nature. They include race, crime, safety, religious inclination, cultural identity, native inclination, security, ethnic background, indigeneship, apartheid, violent free areas, socio-economic background, and violent prone areas and so on.

PRICE DEFINED

Price is the product of the interaction of supply and demand. Given any level of demand and any given supply, price will adjust to produce an equilibrium point at which the amount in supply matches the quantum of demand. Based on the above assertion, if the demand for a land and landed property falls and supply remains constant, price will also fall until it triggers people for whom price was previously a barrier to enter the market. Conversely, if the demand for land and landed property rises then price will rise too

 

.



TYPE IN YOUR TOPIC OR KEYWORD AND CLICK SEARCH:

HOW TO GET THE COMPLETE PROJECT MATERIAL ON IMPACT OF LOCATIONS AND RESIDENTIAL PROPERTIES

  • * Click the green DOWNLOAD Button above

    * Select any option to get the complete project material instantly.

    * Chat our 24/7 customer service desk on WhatsApp# (+234) 0803-766-4978 and get your complete project material instantly.

    * All project materials on this website are well researched by professionals with high level of professionalism.


TESTIMONIES FROM OUR CLIENTS

Please feel free to carefully review some written and captured responses from our satisfied clients.


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."


  • Hilary Yusuf, United States International University Africa, Nairobi, Kenya.

    "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."


  • Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.

    "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."


  • Sampson, University of Nigeria, Nsukka.

    "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."


  • Cynthia, Akwa Ibom State University .

    "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."


  • Elizabeth, Obafemi Awolowo University

    "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."


  • Ali Olanrewaju, Lagos State University.

    "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."


  • Willie Ekereobong, University of Port Harcourt.

    "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"


  • Theressa, Igbinedion University.

    "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 5k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"


  • Joseph, Abia state Polytechnic.

    "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."


  • Christiana, Landmark University .

    "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"


  • Musa, Federal University of Technology Minna

    "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."


  • Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.

    "I was scared at first when I saw your website but I decided to risk my last 5k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."


  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.
    Thank you for choosing researchwap.com.

FREQUENTLY ASKED QUESTIONS

  • How can I get the complete project - IMPACT OF LOCATIONS AND RESIDENTIAL PROPERTIES

    Simply click on the DOWNLOAD green button above and follow the procedure stated.


    Is it a complete project work or just materials?

    Yes, it's a Complete Research Project material. i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data


    What if I want to change the case study for IMPACT OF LOCATIONS AND RESIDENTIAL PROPERTIES, What can i do?

    Chat with Our 24/7 Customer Service Desk Now: WhatsApp# and you will be responded to Instantly


    How long does it take to get the complete project on IMPACT OF LOCATIONS AND RESIDENTIAL PROPERTIES?

    Depending on how fast your payment and details is acknowledged by us, you will get the complete project within 30 minutes. However, on a very good day you can still get it within 15 minutes!


    How will I get my complete project?

    The Complete Project Material will be Delivered via your Email Address in an MS Word document format


    Can I get my Complete Project through WhatsApp?

    Yes! We also send your Complete Research Project to your WhatsApp Number


    What if my Project Supervisor made some changes to a topic i picked from your website?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    Do you assist students with Assignment, Term Paper, Seminar and Project Proposal?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    What if i do not have any project topic idea yet?

    Don't Worry! We've Got Your Covered. Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.


    Why should I trust this website?

    We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "TOPNOTCH INFOTECH ENTERPRISE". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!


    I have a fresh topic that is not on your site. How do I go about it?

    Don't Worry, Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.



PROJECT DETAILS

PAGES: 60
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00




TYPE TOPIC OR KEYWORD AND CLICK SEARCH: