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Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis

For many families, owner-occupied homes are not just a place to live; they are also a source of income. They make up the majority of the assets in these families' portfolios. The study seeks to use Multiple Regression Analysis to determine the residential property value in Birnin Kebbi with emp...

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Main Authors: Ibrahim, Isyaku, Daud, Dzurlkannain, Wan Ismail, Wan Ibrisam Fikry, Md. Azmi, Fatin Afiqah, Mat Noor, Noorsidi Aizuddin
Format: Article
Language:English
Published: IJSES 2021
Subjects:
G154.9-155.8 Travel and state. Tourism
Online Access:http://eprints.utm.my/id/eprint/97734/1/DzurlkannainDaud2021_DeterminationofResidentialPropertyValue.pdf
http://eprints.utm.my/id/eprint/97734/
http://ijses.com/wp-content/uploads/2021/06/111-IJSES-V5N5.pdf
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spelling my.utm.977342022-10-31T07:01:44Z http://eprints.utm.my/id/eprint/97734/ Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis Ibrahim, Isyaku Daud, Dzurlkannain Wan Ismail, Wan Ibrisam Fikry Md. Azmi, Fatin Afiqah Mat Noor, Noorsidi Aizuddin G154.9-155.8 Travel and state. Tourism For many families, owner-occupied homes are not just a place to live; they are also a source of income. They make up the majority of the assets in these families' portfolios. The study seeks to use Multiple Regression Analysis to determine the residential property value in Birnin Kebbi with emphasis on Adamu Aleiru Housing Estate. The study was adopted both the primary and secondary sources of data collection. Using the sample of 96 transactions data, when the property was made as owner occupiers in the year 2005 and 2011, MRA was used to determine the micro (structural) variables that significantly influence on residential property value. The R2 had shown 0.936 with 343924.070 error of estimation. It means that 93.6% of the residential value could be predicted from number of rooms, fence, additional kitchen, water source, boys’ quarters, security post, condition, position, and house type. It was found that among the variables include in MRA; number of rooms, fence, security post, condition, position, house type, are all significant variable in determining the residential property value in Birnin Kebbi. While Additional kitchen, water source, and boy’s quarters found to be not significant in determining the residential value in Birnin Kebbi. A model was developed in the study area using the variables. Using a statistical test, the accuracy of the model was evaluated. The study was recommended that the model was accuracy to be use in the study area to improve the accuracy, objectivity and fairness of residential property in Birnin Kebbi. IJSES 2021-08 Article PeerReviewed application/pdf en http://eprints.utm.my/id/eprint/97734/1/DzurlkannainDaud2021_DeterminationofResidentialPropertyValue.pdf Ibrahim, Isyaku and Daud, Dzurlkannain and Wan Ismail, Wan Ibrisam Fikry and Md. Azmi, Fatin Afiqah and Mat Noor, Noorsidi Aizuddin (2021) Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis. International Journal of Scientific Engineering and Science (IJSES), 5 (6). pp. 6-12. ISSN 2456-7361 http://ijses.com/wp-content/uploads/2021/06/111-IJSES-V5N5.pdf NA
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic G154.9-155.8 Travel and state. Tourism
spellingShingle G154.9-155.8 Travel and state. Tourism
Ibrahim, Isyaku
Daud, Dzurlkannain
Wan Ismail, Wan Ibrisam Fikry
Md. Azmi, Fatin Afiqah
Mat Noor, Noorsidi Aizuddin
Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis
description For many families, owner-occupied homes are not just a place to live; they are also a source of income. They make up the majority of the assets in these families' portfolios. The study seeks to use Multiple Regression Analysis to determine the residential property value in Birnin Kebbi with emphasis on Adamu Aleiru Housing Estate. The study was adopted both the primary and secondary sources of data collection. Using the sample of 96 transactions data, when the property was made as owner occupiers in the year 2005 and 2011, MRA was used to determine the micro (structural) variables that significantly influence on residential property value. The R2 had shown 0.936 with 343924.070 error of estimation. It means that 93.6% of the residential value could be predicted from number of rooms, fence, additional kitchen, water source, boys’ quarters, security post, condition, position, and house type. It was found that among the variables include in MRA; number of rooms, fence, security post, condition, position, house type, are all significant variable in determining the residential property value in Birnin Kebbi. While Additional kitchen, water source, and boy’s quarters found to be not significant in determining the residential value in Birnin Kebbi. A model was developed in the study area using the variables. Using a statistical test, the accuracy of the model was evaluated. The study was recommended that the model was accuracy to be use in the study area to improve the accuracy, objectivity and fairness of residential property in Birnin Kebbi.
format Article
author Ibrahim, Isyaku
Daud, Dzurlkannain
Wan Ismail, Wan Ibrisam Fikry
Md. Azmi, Fatin Afiqah
Mat Noor, Noorsidi Aizuddin
author_facet Ibrahim, Isyaku
Daud, Dzurlkannain
Wan Ismail, Wan Ibrisam Fikry
Md. Azmi, Fatin Afiqah
Mat Noor, Noorsidi Aizuddin
author_sort Ibrahim, Isyaku
title Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis
title_short Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis
title_full Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis
title_fullStr Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis
title_full_unstemmed Determination of residential property value of Adamu Aleiru Housing Estate, Birnin Kebbi, Kebbi State, Nigeria, using multiple regression analysis
title_sort determination of residential property value of adamu aleiru housing estate, birnin kebbi, kebbi state, nigeria, using multiple regression analysis
publisher IJSES
publishDate 2021
url http://eprints.utm.my/id/eprint/97734/1/DzurlkannainDaud2021_DeterminationofResidentialPropertyValue.pdf
http://eprints.utm.my/id/eprint/97734/
http://ijses.com/wp-content/uploads/2021/06/111-IJSES-V5N5.pdf
_version_ 1748703137288421376
score 13.211869

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