Analysis of the underlying variations in the maintenance costs of rented properties in Kampala

Abstract

For any emerging economy, real estate is a major driver of economic development. Uganda is seeing a robust increase in infrastructure development for example roads, the railways, new power plants, energy infrastructure for the oil and gas industry.

In the midst of the real estate sector, we find the topic of maintenance and operational costs. These costs are incurred by every real estate developer, manager and owner of the property. One cannot deal in real estate without incurring them. Issues arise when these costs end up consuming all the profits that are expected at the end of the month. This report provides information about the different maintenance costs that are incurred in the real estate sector and how to manage them and how to handle them.

This study took on the approach of investigating the valuers’ and property managers’ perspective on controlling the variations in maintenance costs. The findings were obtained through literature review and questionnaires issued to valuers and property managers in Kampala city. These findings were analyzed using MS Excel and content analysis. This study revealed that the maintenance costs can be controlled by the use of proper planning and periodic maintenance. The approach to this study is presented in the chapters embodied.