Evaluation Of Energy Facilities And Service Availability In The Value Of Rental Apartments In Karu Local Government Area, Nasarawa State, Nigeria

Abstract

Erratic and unstable energy and electricity resources and facilities have greatly hampered a lot of human activities globally. This study is aimed at examining the roles of electricity supply, energy facilities and services availability on residential property rental and capital values in Karu Local Government Area of Nasarawa State. 383 questionnaires were administered on the systematically sampled respondents in urban places of the Area. This was complimented by the authors’ observation and on the spot record taking. The study identified the different types of apartments with electricity and energy facilities and estimated the capital and rental values of each of these residential properties in the study area and ascertained the major attractions of tenants to the apartments and willingness to live in the neighbourhoods. The study found among other things that 31.9% of the respondents stated that their lights are mostly available in the midnight while 33.9% are of the view that their light was erratically available at varied times and that tenants are willing to stay in the neighbourhood due to its proximity to their work place in the FCT. The study therefore recommended that Abuja Electricity Distribution Company energy supply uptime should be enhanced and access to these facilities and services should be increased across all locations in Karu Local Government to enhance the rental value of residential property and improve the quality of urban life of most residents.