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Article
Publication date: 1 July 2014

Funlola Famuyiwa and Gabriel Kayode Babawale

– The purpose of this study is to examine the relationship and pricing effects of physical infrastructure on house rents using the hedonic technique.

Abstract

Purpose

The purpose of this study is to examine the relationship and pricing effects of physical infrastructure on house rents using the hedonic technique.

Design/methodology/approach

Primary data are derived through a questionnaire survey and secondary data from existing literature. Sampling data on 211 detached residential buildings with a range of physical infrastructure attributes within Lekki Phase 1 area of Lagos are analysed with the hedonic regression technique.

Findings

Results reveal significant impacts and a range of price premium estimates of physical infrastructure on house rents in the study area.

Originality/value

The study suggests a nouvelle and contextualized approach for sustainable infrastructure delivery, improvement and maintenance. Appropriate pricing will help to guide and support physical infrastructure development and sustainability. When tailored in line with market support, achievable pricing can be attained in setting land-based user charges and tariffs for cost recovery on projected developments and reform. Results from empirical market evidence also provide demand and viability indicators that offer invaluable blueprints, by which governments, policy/decision makers, investors, town-planning authorities and other stakeholders can take sustainable decisions based on priority, in the face of budgetary constraints – a significant characteristic of the Nigerian economy.

Details

Journal of Facilities Management, vol. 12 no. 3
Type: Research Article
ISSN: 1472-5967

Keywords

Article
Publication date: 1 March 2011

Yewande Adewunmi, Modupe Omirin, Funlola Famuyiwa and Oluranti Farinloye

This paper seeks to adopt an investigative approach to post‐occupancy evaluation using major technical and functional criteria of performance on the facilities of a postgraduate…

4213

Abstract

Purpose

This paper seeks to adopt an investigative approach to post‐occupancy evaluation using major technical and functional criteria of performance on the facilities of a postgraduate hostel at the campus of the University of Lagos, Akoka, Yaba, Lagos, Nigeria.

Design/methodology/approach

Data collection was based on a survey through self‐administered questionnaires in which users of the building were asked to report on their perceptions and experience of the facility. The user satisfaction survey was developed based on the students' feedback on their experience with 29 identified performance criteria obtained from a review of the literature and an interview with a member of the university's hall management committee. Data at the organizational level were collected by personal interviews with the facilities manager and co‐ordinator of hostels of the university.

Findings

The user satisfaction survey identified areas of deficiency, particularly in maintenance, and facilitated the assessment of the overall performance of the building.

Originality/value

This study demonstrates how universities in Nigeria can assess the management of hostel facilities by hostel administrators and facilities managers. Apart from the results of the user satisfaction survey being useful as evidence to access funds for the improvement of student hostel facilities, the feedback will be helpful in the design and management of new hostel facilities.

Details

Facilities, vol. 29 no. 3/4
Type: Research Article
ISSN: 0263-2772

Keywords

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