Abstract
Housing accessibility and utilities constitute the intangible services available to a particular building by a community or any activity or groups of activities operated within the community. This research examines the effect of the decays in these infrastructures on rental values. The more accessible a dwelling is relative to other activity areas, the more useful will the dwelling be. Generally, infrastructural utilities include such goods and services as the provision of potable water, electricity, sewage, telephone, gas and roads. The provision of these utilities is not without cost and this cost is usually included in or forms part of the cost of housing. Many developing countries, particularly in Africa, accord relatively low priority to housing in their overall scheme of national development, and the volume of construction generally falls short of housing demands. The approach to housing policy in Nigeria has tended to oscillate between the welfare mixed economy and the free market model. The conventional wisdom is that governments should focus on providing good investment climates, infrastructure and mortgage facilities to low and middle income families. Nigerian cities are largely characterized by the public provision of urban infrastructural services such as electricity, water supply, drainage, sewage, access road and solid waste collection and disposal. The three tiers of government federal, state and local are often involved in one way or the other in the provision of these services in the urban centers. Although the provision of infrastructures such as roads and power supply lies with the government, communal efforts are still put together to fast track the process of making the infrastructures reach the people. Sometimes it is preferable not to wait for the government due to administrative bottlenecks and sometimes corruption by government officials.
Highlights
Over the years there has been high level of decay as regards in shortfalls of infrastructure maintenance in Nigerian housing estates and Abia state in particular
If rental value depends largely on the availability of infrastructure such as water, electricity, good road, drainage and many more, it means the region with sustainable and much infrastructure tends to be more favourable to real property values as well as attract much rental values to property owners
Infrastructure is an important element of a good living environment ; the study examined the effects of delay poor/lack of maintenance will pose on Nigerian housing estates
Summary
Over the years there has been high level of decay as regards in shortfalls of infrastructure maintenance in Nigerian housing estates and Abia state in particular. Quite a number of estates provided by governments as well as individuals in order to make accommodation reachable to the low and middle income earners have never been given adequate attention which has gradually led to the ineffective functioning of these housing estates. Infrastructural amenities in such estates are meant to be upgraded from time to time. The problem stems from the fact that the constructed roads especially tarred roads, asphalt surfaced roads were substandard and often get damaged from the bottom to the top especially when poorly drained water seeps into them
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