GrainWetzky Posted May 24, 2013 Share Posted May 24, 2013 "A recent survey of Ontario real estate agents and brokers, sponsored by Pfizer Canada, found that smoking in the home could lower the value of your property by up to 29 per cent, with an average house price of $369,000 in Ontario this means a loss of up to $107,010." source: http://jaybanks.ca/vancouverrealestatenews/2013/05/19/factors-slash-home-resale-value/ Sadly when I rented my first apartment, I was so happy to get away from parents that I didn't mind that the whole apartment smelled like a burned down cigarette factory...and the price wasn't very lowered. I think that in my case, the price would go down only If I would be the one selling. The irony of life. Link to comment Share on other sites More sharing options...
goalie13 Posted May 24, 2013 Share Posted May 24, 2013 It's nothing that some TSP, oil based primer and a fresh coat of paint can't fix. Link to comment Share on other sites More sharing options...
inane Posted May 24, 2013 Share Posted May 24, 2013 smoking is nasty. Link to comment Share on other sites More sharing options...
Zamboni_14 Posted May 24, 2013 Share Posted May 24, 2013 It's nothing that some TSP, oil based primer and a fresh coat of paint can't fix. Link to comment Share on other sites More sharing options...
Apples Posted May 24, 2013 Share Posted May 24, 2013 Smoke and kill yourselves outside Link to comment Share on other sites More sharing options...
taxi Posted May 24, 2013 Share Posted May 24, 2013 Who smokes inside their homes? I know some very heavy smokers, and they always go to their patios. Link to comment Share on other sites More sharing options...
Baka Posted May 24, 2013 Share Posted May 24, 2013 Who smokes inside their homes? I know some very heavy smokers, and they always go to their patios. Link to comment Share on other sites More sharing options...
goalie13 Posted May 24, 2013 Share Posted May 24, 2013 yes it's an easy "fix" but it reminds people how much they'll have to re-paint if they purchase that house. Plus if someone likes 2 houses (one with the smoking issue, other without) they are more likely to like the non-smoker house due to the smell (but they will still have to re-paint most of the rooms anyways.) there is a LOT of things that help/hurt house prices... a pool (in Minnesota) actually hurts the price of a house, but a hot tub might help the price a little. Link to comment Share on other sites More sharing options...
KFBR392 Posted May 24, 2013 Share Posted May 24, 2013 Who smokes inside their homes? I know some very heavy smokers, and they always go to their patios. Link to comment Share on other sites More sharing options...
KFBR392 Posted May 24, 2013 Share Posted May 24, 2013 If I saw 2 similar homes and one of which had been smoked in but was 30% cheaper, you could bet your balls I'd buy the smokers house and re paint it. Link to comment Share on other sites More sharing options...
hudson bay rules Posted May 24, 2013 Share Posted May 24, 2013 It's nothing that some TSP, oil based primer and a fresh coat of paint can't fix. Link to comment Share on other sites More sharing options...
taxi Posted May 24, 2013 Share Posted May 24, 2013 If I saw 2 similar homes and one of which had been smoked in but was 30% cheaper, you could bet your balls I'd buy the smokers house and re paint it. Link to comment Share on other sites More sharing options...
Grapefruits Posted May 24, 2013 Share Posted May 24, 2013 Lots of people. I see it all the time with my job. It's been my experience that elderly smokers and the lower class smokers (aka poor people) tend to be the worst. It's a disgusting environment to work in. Link to comment Share on other sites More sharing options...
Amish Rake Fighter Posted May 25, 2013 Share Posted May 25, 2013 the "crack shack vs. mansion" real estate has nothing to do with the house that's on it, any real estate rarely has to do with the house on the property. It's all about the value of the land. Link to comment Share on other sites More sharing options...
taxi Posted May 25, 2013 Share Posted May 25, 2013 the "crack shack vs. mansion" real estate has nothing to do with the house that's on it, any real estate rarely has to do with the house on the property. It's all about the value of the land. Link to comment Share on other sites More sharing options...
HTania Posted May 25, 2013 Share Posted May 25, 2013 Another reason I do not smoke. Link to comment Share on other sites More sharing options...
Dion Phaneuf Posted May 25, 2013 Share Posted May 25, 2013 wuh?....really? You're saying totally neglecting a house for decades doesn't add to value? Link to comment Share on other sites More sharing options...
Offensive Threat Posted May 25, 2013 Share Posted May 25, 2013 That lower value by 29% is not factual. It is what some agents and brokers in Ontario pulled out of their butts for a survey. It has no basis in reality. Ive owned 2 homes that I have sold. Both of them we repainted every inch of them before we sold. Non smokers, its just cheap easy work to get a better price and sell faster. Link to comment Share on other sites More sharing options...
Zamboni_14 Posted May 26, 2013 Share Posted May 26, 2013 Agreed, but it sort of depends on who is doing the painting. If the buyer is doing the painting, they may see the smoked-in house as an opportunity to gain a little sweat equity. Nicotine is nasty, but with proper prep and a good oil primer, you can make it so you would never know the house was smoked in. If they can get the house for a deal due to the smoke damage, there's opportunity there. If it was the seller, it would be a good idea to paint before putting their house on the market to increase its value and sellability. When I bought my house, I specifically looked for something that needed work. You can do a lot for the value of a home with a little hard work. Link to comment Share on other sites More sharing options...
Plum Posted May 26, 2013 Share Posted May 26, 2013 Who smokes? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.