ABSTRACT
The study is on the Causes and effects of
abandoned residential properties. The major objective of this research is
identifying the causes of abandonment of residential properties in Benin City.
Others are: To examine the effects of abandonment of residential properties in
Benin City, To identify the solutions to issues of abandoned residential
properties in Benin City.
Methodology: The major instrument used for this
study is the questionnaire. The surveys research method was used for this study.
Out of the entire populace of Benin Edo
State, 50 persons were selected using the simple random sampling (srs)
technique. In analyzing the data collected for the purpose of carrying out this
research, the statistical tool known as the chi- square test was used. The use
of sample percentage was also employed. Tables were used in presenting the data
for the purpose of the simplicity and clarity.
Findings
from this research revealed that: There are abandoned residential properties in
Benin City. Abandoned buildings are breeding places for social vices. Poor
government funding and implementation is a major residential building in Benin
City. The
results of this study will educate the general public on the causes and effect
of abandonment of residential building in Nigeria with a view of reducing the
issues of building abandonment in Nigeria.
TABLE OF
CONTENTS
Title Page - - - - - - - - - i
Approval Page - - - - - - - - ii
Declaration - - - - - - - - iii
Dedication - - - - - - - - - iv
Acknowledgement - - - - - - - v
Abstract - - - - - - - - - vi
Table of Contents - - - - - - - vii
CHAPTER
ONE – INTRODUCTION
1.1 Background of the Study - - - - -
1.2 Statement of General Problem - - - -
1.3 Objective of the Study - - - - - -
1.4 Research Questions - - - - - -
1.5 Hypothesis
- - -
- - -
- - -
1.6 Significance of the Study - - - - -
1.7 Scope of the Study - - - - - -
1.8 Definition of Terms - - - - - -
CHAPTER
TWO – REVIEW OF RELATED LITERATURE
2.1 Introduction - - - - - - - - -
2.2 Theoretical
Framework - - - - - - -
2.3 The concept of residential property abandonment - -
2.4
Review of incidence of abandon property - - - -
2.5
Causes of residential property abandonment - - -
2.
6 Effect of abandoned residential properties - - - -
2.7 The way
forward - - - - - - - -
-
CHAPTER
THREE – RESEARCH METHODOLOGY
3.1 Introduction - - - - - - - - -
3.2 Research Design - - - - - - - -
3.3 Area of the Study - - - - - - - -
3.4 Population of Study - - - - - - - -
3.5 Sample size and Sampling Techniques - - - - -
3.6 Instrument for Data Collection - - - - - -
3.7 Validity of the Instrument - - - - - - -
3.8 Reliability of the Instrument - - - - - -
3.9 Method of Data Collection - - - - - - -
3.10 Method of Data Analysis - - - - - - -
CHAPTER
FOUR – DATA PRESENTATION AND ANALYSIS
4.0 Introduction - - - - - - - - -
4.1 Data Presentation and Analysis - - - - - -
4.2 Characteristics of the Respondents - - - - -
4.3 Data
Analysis - - - - - - - - -
4.4 Testing Hypothesis - - - - - - - -
4.5 Summary
of Findings - - - - - - - -
4.6 Discussion of Findings - - - - - - -
CHAPTER
FIVE – SUMMARY, CONCLUSION AND RECOMMENDATION
5.0 Introduction - - - - - - - - -
5.1 Summary - - - - - - - - - -
5.2 Conclusion - - - - - - - - - -
5.3 Recommendations - - - - - - - -
References
- - - - - - - - - -
Appendix - - - - - - - - - -
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
The unceasing
abandonment of residential buildings and development projects is so shocking in
the developing countries such that Nigerian has remained one of the countries
in such difficulty (Ayodele and Alabi, 2011; Kotangora, 1993; Osemenan, 1987).
Therefore, the significance that the incessant abandonment of residential
buildings and projects would bring several effects on real properties and its
values and the economy cannot be overemphasized since some of the abandoned
buildings and development projects provide the basic services that should
enhance the real properties developed.
Abandoned residential
building is a building whose occupant has moved out basically due to poor
maintenance and infrastructure, security, dilapidation, natural disaster which
has made the building not to be habitable. The abandonment of residential
properties and development projects is the act of isolating the building or discontinuing
any activities or maintenance works on such development project within a time
frame of the contract agreement and with no intention of returning back to the
development (Spelman, 1993). Similarly, O’Flaherty (1993) while reflecting on
property development projects suggest that it is when an owner or developer is
ceasing to provide the required maintenance management to a developed property.
However, real
property development and maintenance being a capital intensive undertaking
should be critically analyzed to ascertain its feasibility and viability before
embarking on it. But, on several occasions and as it had been observed,
governments, contractors and agencies have abandoned old buildings and development
projects mid-way into construction and completion.
The causes and
effects of these residential building abandonments are not just peculiar to a
particular reason rather cut across several reasons (Ayodele and Alabi, 2011),
and as well as creating a total dwindling effects on the values of developed
properties located close and within the vicinity. Most of this abandoned
residential building usually turned into hideout for criminals.
Although, the
location of the abandoned property and demand is equally important but
accessibility and the availabilities of the infrastructures in the real
property location and in the surrounding built environment should be of much
more significant determinants in this study context. Values in itself are not
intrinsic (Schram, 2012) rather depends on the benefits derivable from that
property.
While this remained
the case for real properties, it is essential for any real property to have
sustained improved values, and this is assumed to be influenced by the
availability of the earlier mentioned infrastructures in the real property
location. So, if the needed infrastructures are imperious in determining the
property values. Benin City is the State Capital of Edo State, Nigeria is
characterized with lots of abandoned residential building due to urbanization,
poor infrastructures and roads. Residents of Benin City living in erosion prone
areas have to pack out of their houses because of flooding and fear of
reptiles. Some school buildings have been abandoned due to neglect by
successive government which has turned into hideout for criminals and cultists.
1.2 STATEMENT OF THE PROBLEM
The
causes and effects of abandonment of residential property has been a subject of
concern for experts in real estate. Therefore, the study purpose is to investigate
the causes and effects of abandoned residential property on real property and
its values. The cogent of this study is on the premise that the expected real
properties and its values in Nigeria are suspected to be dwindling as a result
of incessant abandonment of residential properties. But, by exploring this
context should help establish and recognize the causes and effects of
abandonments of buildings by citizens, governments, policy/decision makers,
educationalist and practitioners. This, through eradication of these causes
should expect to eliminate these identified effects and sustain real properties
and its values in the economy.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
1. To
identify the causes of abandonment of residential properties in Benin City.
2. To
examine the effects of abandonment of residential properties in Benin City.
3. To
identify the solutions to issues of abandoned residential properties in Benin
City.
1.4 RESEARCH QUESTIONS
1. What
are the causes of abandonment of residential properties in Benin City?
2. What
are the effects of abandonment of residential properties in Benin City?
3. What
are the solutions to issues of abandoned residential properties in Benin City?
1.6 SIGNIFICANCE OF THE STUDY
The following are the significance of this study:
1. The
results of this study will educate the general public on the causes and effect
of abandonment of residential building in Nigeria with a view of reducing the
issues of building abandonment in Nigeria.
2. The
outcome of this study will guide the government and policy makers on ways to
make and implement policies that will reduce the rate of residential building
abandonment in Nigeria.
3. This
research will also serve as a resource base to other scholars and researchers
interested in carrying out further research in this field subsequently, if
applied will go to an extent to provide new explanation to the topic.
1.7 SCOPE/LIMITATIONS OF THE STUDY
This study on the causes and effect of abandoned
residential properties in Benin City will cover all the cases on abandoned
residential buildings in Benin City carefully examining the causes. It will
also cover the consequences of the abandoned buildings in the affected area.
LIMITATION OF STUDY
Financial constraint- Insufficient fund tends to impede the
efficiency of the researcher in sourcing for the relevant materials, literature
or information and in the process of data collection (internet, questionnaire
and interview).
Time
constraint- The researcher will simultaneously engage in this study with
other academic work. This consequently will cut down on the time devoted for
the research work.