Smoking decreases value of homes
Smoking is not only bad for your health but it's also bad for your house.
According to a new survey, smoking in your home can lower it's resale value.
In fact, it can lower the property value by up to 29 per cent. And, based on an average Canadian house price of $378,532, that's a loss of over $109,000.
David Visentin, realtor and co-host of the W Network's Love it or List it, says, "Smoking has a profound impact on how appealing a home is to a prospective buyer.
"It stains walls and carpets, and leaves a smell that can be hard to eliminate. Many prospective buyers are really put off by homes that have been smoked in, and they can be very challenging to sell."
And it's true. If you notice ads on ebay, Kijiji, Craigslist or even in your local newspaper, the selling point feature on many of the listings is that the item is from a smoke-free home. Even vehicles for resale are easier to sell when they are smoke-free.
The survey of realtors and brokers, sponsored by Pfizer, found that 88 per cent agreed it is harder to sell a home where the owners have smoked. In fact, 56 per cent said prospective buyers are less likely to purchase a home where people have smoked, and 27 per cent stated that most purchasers will not buy one at all.
According to statistics, 15 per cent of the homes in Canada have at least one regular smoker.
And if you're planning on getting fair market value for your home, that's just one smoker too many.
By Donna Donaldson, MSN Money
Do you or someone else in your household smoke inside your home? Do you think it affects the resale value of your home? Will you be taking your habit outside or better yet, will you be quitting altogether?
Posted by: Gilles Meloche | Apr 19, 2021 4:32:43 PM
I can't believe people still smoke in their houses.
Even when they come inside from smoking outside, the smell is disgusting.
If I were to buy a home, definitely would stay away from any dwelling that had been smoked in.
Posted by: jim elston | Apr 21, 2021 9:23:01 AM
This is so true, i am an x smoker, the first thing i did was repaint, scrub down my house and car, it now smells like roses,,,
Yes , i do agree, it would affect the selling of a home, i would think