The Impact of Jacuzzi Bathtubs on House Prices

  •  Austin Otegbulu    
  •  Olusola Johnson    


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.

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