Assessing the effects of building Finishes and housing facilities on rental value of residential properties in Kampala.
Abstract
Tenants are the focus of activities in the housing market and efforts are channeled towards the
satisfaction of their needs and wants. This study examines the impacts of building finishes and
housing facilities to rental value in Rubaga division for better information and guide to real
estate investors
The objectives of the study include among others, identification the types of residential houses
and the various finishes and facilities on the houses, establishment of the rent payable,
Examination of Tenants Perceptions of Finishes and Facilities in Residential Properties, evaluate
the contributions of these finishes/facilities to the property values and finally identifying the
challenges facing both study groups and possible recommendations.
The study populations were tenants and land lords in the eight settlements of Rubaga division
which include; Mutundwe, Nateete, Ndeeba, Mengo Busega, Lubaga, Kabowa, Lubya and the
samples were picked from each of these neighborhoods.
280 questionnaires were administered to both study groups and 23 variables consisting of various
finishes and facilities were considered in the analysis.
The tenants’ responses were ranked using Relative Importance Index (RII) and rental
information provided by landlords based on facilities/finishes available in different types of
residential houses were analyzed using T-test statistic to identify whether significant difference
does exist or not between rents for properties with and without most desired variable components
at 5% level of significance.