Property Value: Does Smoking In the Home Matter?
Watch the Video at: www.ctvnews.ca/video?clipId=914283
Homeowners could risk losing big if they're also smokers, a survey of Ontario real estate agents and brokers suggests that smoking in the home will cost you when it comes time to sell.
A recent survey of Realtors & Brokers suggests:
- Smoking in the home can reduce the value of a resale property by up to 29 per cent.
- 25% of Buyers are unwilling to buy a smoker's home and 56% are less likely
- Sale Price could be 10-30% Less Than a Non-Smokers home
- 44% of people surveyed said that smoking affects the Re-Sale Value
"Smoking has a profound impact on how appealing a home is to a prospective buyer," said David Visentin, a real estate agent and co-host of the W Network's Love it or List program.
"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."