Tuesday, June 18, 2013

Smoking, Bad for You, Bad for Resale Values.

Trade publication REM Online (I read 'em so you don't have to) reports that 87 per cent of Ontario agents and brokers surveyed said that smoking in a house has a negative effect on resale value. Eighty-nine per cent of those surveyed said that houses where people smoke are harder to sell.

The surveyed professionals said smoking could hurt the resale price anywhere from 20 to more than 30 per cent.

It's true. Lingering cigarette smoke is one of the big turn offs when people visit a property, along with cat box smells, stale cooking odors and a lingering smell of dampness.

People notice weird smells first and those smells tend to linger in memory, often unconsciously. 

You can read the REM Online story here.

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