Umar Auwal

Abubakar Tafawa Balewa University, Bauchi, Estate Management and valuation, Faculty Member

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HAMZA USMAN

Fidelis I Emoh

Nnamdi Azikiwe University

Yusuf Gambo

Augustina Chiwuzie

Federal polythecnic ede

Ewart N. Usman

The Federal Polytechnic Bauchi, Nigeria

Noorsidi Aizuddin Mat Noor

UNIVERSITI TEKNOLOGI MALAYSIA

IJSES Editor

Abiola O B A Y O M I Benjamin

Obafemi Awolowo University, Ile-Ife, Nigeria

DR. DANIEL I B R A H I M DABARA

University of Reading

Iroham Osmond

Covenant University Canaanland, Ota.

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Papers by Umar Auwal

Issues In Cost Approach to Value In The Valuation of Income-Yielding Properties In Bauchi Metropolis, Nigeria

The cost approach to value stands as a crucial method in valuing income-yielding properties, yet ... more The cost approach to value stands as a crucial method in valuing income-yielding properties, yet various challenges can compromise its effectiveness, potentially leading to inaccuracies in property valuations. This study delves into the suitability of the cost approach for valuing income-yielding properties, with a specific focus on addressing issues related to the accuracy of cost data, depreciation estimation, and consideration of income potential, aiming to enhance the approach's reliability and accuracy. Data were gathered from Estate Surveyors and Valuers through a questionnaire, employing convenience sampling. The questionnaire, divided into three sections, utilized closed-ended questions on a 5-point Likert scale, with mean rating analysis applied to the data. The findings pinpoint challenges concerning data reliability, depreciation rates, and valuation guidelines. Strategies such as thorough property inspections, utilization of current cost data, market research, and regular updates emerged as key drivers for enhancing accuracy, transparency, and benefits for valuers. Addressing challenges within the cost approach not only improves accuracy and transparency but also positively impacts decision-making, market efficiency, and liquidity. Consequently, the study advocates for enhanced data collection, standardized guidelines, and professional training for Estate Surveyors and Valuers to bolster accuracy and transparency, thereby refining the cost approach method of valuation. In conclusion, this study underscores the importance of overcoming challenges inherent in the cost approach to establish a more robust and reliable property valuation system, ultimately benefiting stakeholders and the real estate market as a whole.

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Analyzing area-based rating assessment implementation in Bauchi Metropolis, Nigeria, testing SWOT variables

The Area-based Rating Assessment (AbRA) entails assessing the real property for rating purposes o... more The Area-based Rating Assessment (AbRA) entails assessing the real property for rating purposes on the basis of the land area only. This study analyzed the implementation of AbRA in Bauchi metropolis, experimentally by testing the helpful factors under both internal and external variables; and subsequently, by testing the harmful factors under the internal and external variables all derived from SWOT analysis, and measuring their effects on the endogenous variable (AbRA). The study derived major themes from SWOT analyses, whose variables under each theme were used as measurement items or sub-themes for the primary data collection. Structural Equation Modelling was used to analyze the impact of the variables on the implementation of AbRA in the study area. It was found that the area assessment required the limited data to conduct the rating assessment, and did not necessarily require periodic revaluation to update the valuation list with the volatilities in value, thus, making AbRA t...

Perception of Low Income Earners on the Performance of Mortgage Institutions in Housing Finance in Lafia, Nasarawa state, Nigeria

Path of Science, 2019

The problem of housing provision by the mortgage industry which includes financing has always bei... more The problem of housing provision by the mortgage industry which includes financing has always being a major concern to the public as a whole. This study investigated the performance of mortgage institutions in housing finance for low-income earners in Lafia metropolis, Nigeria. The objective is to assess the performance of mortgage institutions from low-income earners' perception. Data was collected through a questionnaire survey from 314 low-income earners randomly selected from the targeted population in Lafia metropolis. The data collected were subjected to descriptive statistics with mean ranking to examine the degree of agreement and the significance of the various variables. The study revealed that performance factors such as collateral, loan maturity period and loan requirement, etc. were highly ranked as the most performed area by mortgage institutions. It is recommended that government and stakeholders should reduce the high rate of interest, make mortgage loans accessible and affordable to low-income earners and also increase the funding of mortgage institutions. This study reinforces other research works on the performance of mortgage institutions in housing finance.

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Application of discounted cash-flow (DCF) models in the valuation of investment properties in Nigeria

International Journal of the Built Environment and Asset Management, 2016

The purpose of this paper is to assess the level of application of the Discounted Cash Flow Model... more The purpose of this paper is to assess the level of application of the Discounted Cash Flow Models among Nigerian valuers. A questionnaire survey was conducted in 2011 where sample of estate surveying firms was drawn from Lagos and Abuja, using stratified and snowball sampling techniques. A total number of 240 questionnaires were administered out of which 161 were retrieved and analysed using the Statistical Package for Social Sciences (SPSS) version 17. The study revealed that there is very low usage of the DCF-based models by Nigerian valuers. The impression that requirement of valuation clients in Nigeria do not warrant the use of the models, the non-inclusion of the models in the country's higher educational institutions curricula, the perceived difficulty of the models and the failure of regulatory body to enforce their usage were identified as major factors hindering the adoption of these models among the surveyed respondents.

Issues In Cost Approach to Value In The Valuation of Income-Yielding Properties In Bauchi Metropolis, Nigeria

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Analyzing area-based rating assessment implementation in Bauchi Metropolis, Nigeria, testing SWOT variables

Perception of Low Income Earners on the Performance of Mortgage Institutions in Housing Finance in Lafia, Nasarawa state, Nigeria

Path of Science, 2019

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Application of discounted cash-flow (DCF) models in the valuation of investment properties in Nigeria

International Journal of the Built Environment and Asset Management, 2016

Umar Auwal

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