Previous research has found that the distance to the Central Business District (CBD) or major roadways is the most important indicator of residential home happiness, neglecting the house’s qualities and the environment in which it is placed. As a result, the purpose of this study is to see how much residential housing pleasure is influenced by structural, environmental, and socioeconomic factors.
The study used a survey design to perform the research, with 303 buildings chosen for the questionnaire distribution. The study area was initially defined and categorized into zones using multi-stage sampling methodologies, and buildings were then randomly picked according to their categories in the second stage. In the third stage, streets in the chosen zones were chosen based on their aesthetic appeal.
BACKGROUND OF STUDY
Housing availability and quality have a huge impact on people’s lives, influencing career choices, transportation needs, and overall quality of life. There are substantial shortages of acceptable housing in areas of population pressure, with rates of household formation continuing to rise, housing demand stimulated by the buy-to-let market, and housing supply staying mostly stagnant. Davis and Everest (Davis & Everest, 2004). Housing market forces are complicated, influenced by elements such as income and home prices, demographics and social change, and economic factors such as employment and consumer confidence. Despite growing costs, the supply of new homes in high-demand areas has remained relatively flat. House construction is a high-risk business, thus developers will adopt a cautious approach to prevent being exposed to a lawsuit. The purpose of this research is to analyze the availability of public low-cost housing in Lagos State. The study’s focus is on determining what is actually required to have an adequate supply of low-cost housing that is both affordable and provides resident satisfaction, starting with dwelling unit support services, then public and neighborhood facilities, then dwelling unit features, and finally the social environment. Residential satisfaction indexes like improved security management control, perimeter roads, and proper waste management system have high positive correlations with dwelling unit features, social environment, support services, and public facilities, and low positive correlations with neighbors, according to a study by (Mohammad, Mansor, & Yong 2010) on the assessment of residential satisfaction in newly designed public low-cost housing in Kuala Lumpur, Malaysia. Socioeconomic characteristics
STATEMENT OF RESEARCH PROBLEMS
Previous research has found that the distance to the Central Business District (CBD) or major roadways is the most important factor of residential home happiness, with the house’s qualities and the area in which it is placed being ignored. As a result, the purpose of this study is to see how much housing structural, environmental, and socioeconomic factors influence residential housing happiness.
The study used a survey design to perform this research, with 303 buildings chosen for questionnaire distribution. The study area was initially defined and categorized into zones using multi-stage sampling procedures, and buildings were then randomly selected according to their kinds in the second stage using simple random. In the third stage, streets in the identified zones were picked based on their unique characteristics.
AIM AND OBJECTIVES
The study’s goal is to determine the relative importance of structural, neighborhood, and socioeconomic factors as determinants of resident happiness in the Shagari low-cost housing estate in Lagos State’s Alimosho Local Government Area.
The following are the goals:
1. Identify the socioeconomic characteristics of residents of low-cost housing in Lagos State.
2. Examine the residences in the study area’s structural and neighborhood characteristics.
3. Determine the occupants’ degree of satisfaction with the rent paid in the study region.
4. Look at whether the rents paid are influenced by structural, neighborhood, or socioeconomic factors.
5. Examine the findings’ policy implications for public low-cost housing provision.
TEST OF HYPOTHESIS
Ho – The structural, neighborhood, and socioeconomic characteristics of housing have little impact on rental value.
Greetings – The structural, neighborhood, and socio-economic characteristics of housing have a considerable impact on rental value.
SCOPE OF STUDY
The structural, neighborhood, and socioeconomic characteristics of low-cost housing in Lagos State will be examined in this study. The research will be carried out in a public low-cost housing development in Ipaja, Alimosho Local Government Area, Lagos State. It will go into building materials, location, neighborhood characteristics, residents’ characteristics, dwelling units, rental value, and dwelling unit features for low-cost housing.