TY  - JOUR
T1  - The Influence of Housing Components on Prices of
Residential Houses: A Review of Literature
AU - Musa, Usman AU - Yusoff, Wan Zahari Wan 
JO  - The Social Sciences
VL  - 12
IS  - 4
SP  - 625
EP  - 632
PY  - 2017
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2017.625.632
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2017.625.632
KW  - Housing
KW  -residential
KW  -neighborhood
KW  -location
KW  -house value
AB  - It is generally acknowledged that housing components which comprises of location, neighborhood
and structural attributes are critical to the determination of residential property value. The structural
components of housing which encompasses the age of dwelling, quality of design, room size, number of living
rooms, bedrooms, toilets and bathrooms, quality of constructional materials wall fence and gate, landscaping,
layout plan of dwellings and availability of space may influence residential house prices. Equally, the attributes
of locational components of a residential property such as the proximity to place of employment to shopping
centers, markets, accessibility to public transport and sporting facilities may as well influences its value.
Residential neighborhood which is a geographical unit within which given social relationship exist play a very
prominent role in determining house prices. Neighborhood components constitute both amenities and
disamenities and serves as a major factor in determining house prices due to its spatial linkage to the housing
market. The aim of this study is to critically review empirical literature on the influence of housing component
on prices of residential houses. Documentary data in respect to the study were gathered through various
secondary sources. Results obtained from the various studies indicated that neighborhood amenities and
disamenities, attributes of residential location as well as structural components of housing are major
determinants of residential house prices.
ER  -