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Smoking impacts home prices

There is a component here that may need to be discussed. Some Buyers may have allergies that eliminate homes with previous smoker occupants. They or their children simply cannot breathe in the home. It is interesting this could become a disclosure. I still remember staying in a home decades ago that had heavy smokers. Could not wait to leave. 

Smoking impacts home prices

 

“A recent study of real estate agents in Ontario, Canada, found that smoking can reduce a home’s resale value by 20 percent. The study was commissioned by Pfizer Canada, a pharmaceutical manufacturer.”  Daily Real Estate News

All of us know that it is more difficult to sell a home where pet, dampness or smoking odors can be noticed. Deep cleaning will sometimes remove most of the evidence. Smoking is banned in many rental homes and buildings that have public access and now many colleges and universities are also banning smoking anywhere on the property. Secondhand smoke has been the health concern behind most of the bans.

Now, consumers are worried about thirdhand smoke that lingers long after the smoke has cleared.  “Researchers at Lawrence Berkeley National Laboratory in California recently published a study in a medical journal that claims that they’ve shown thirdhand smoke can damage human cells and is a carcinogen that can affect people’s health. The study says it found thirdhand smoke in dust and on surfaces of rooms more than two months after the former home owners had moved out.”  Daily Real Estate News

Real estate professionals may soon be facing more disclosures. We may need to disclose that the home has been occupied by smokers. Home owners may find that smoking can greatly reduce the value of their property.

Are you finding that home buyers are more concerned about homes that have been occupied by smokers?  

 

 

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Photograph by Roy Kelley using a Canon PowerShot G11 camera. 

Roy and Dolores Kelley Photographs

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC. 

Roy Kelley
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group 

Client Assistance:  301-670-8996   

Recipient of the RE/MAX International Lifetime Achievement Award - 2008

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Comment balloon 4 commentsCheryl Ritchie • August 26 2013 08:17PM

Comments

Hi Cheryl, I read and commented on Roy's post. A great re-blog. This issue is disappearing in CA as less and less people smoke here. But I have been some smokers homes and the damage is quite stunning. Needing to even strip out drywall as the oils work there way through most paints and the smell returns.
Posted by William Johnson, Retired Real Estate Professional (Retired) about 6 years ago

Thanks, Cheryl, for the re-blog. The health hazards of smoking will make this a continuing topic of discussion in the real estate industry. 

Posted by Roy Kelley (Realty Group Referrals) about 6 years ago

The smoke lingers on, but smokers are oblivious to this!!!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 6 years ago

Anyone that thinks smoking doesn't kill is lying through the hole in their Trachea!

Posted by Glenn Freezman (Family Abstract, Inc.) about 6 years ago

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