The Impact of Jacuzzi Bathtubs on House Prices


  •  Austin Otegbulu    
  •  Olusola Johnson    

Abstract

The study examines the impact of Jacuzzi bathtubs on house prices. Jacuzzi bathtubs have health related benefits. This study empirically tests a hedonic house pricing model using a sample of 138 houses in high income residential sub-market of Lekki phase one in Lagos metropolis. Forty-six duplexes have Jacuzzi bathtubs installed in their homes while Ninety-two do not. The study results show that that having Jacuzzi bathtubs increases home value by N2, 167,615.



This work is licensed under a Creative Commons Attribution 4.0 License.
  • Issn(Print): 1913-9063
  • Issn(Onlne): 1913-9071
  • Started: 2008
  • Frequency: bimonthly

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