Smoking reduces house value by 30%, realtor survey suggests

Posted By: QuitSmoking.com Staff | Apr 18 2013




Homeowners risk coughing up big bucks if they’re also smokers, a survey of Ontario real estate agents and brokers suggests. The survey suggested that smoking in the home can reduce the value of a resale property by up to 29 per cent. The study showed that an overwhelming majority of 401 real estate agents and brokers surveyed agreed that it is more difficult to sell a home where owners have smoked. More than half of respondents — 56 per cent — said most buyers are less likely to purchase a home where people have smoked, and 27 per cent said most buyers are actually unwilling to buy a home where people have smoked.


View on CBC News »
Posted In: why quit smoking (141) , effects of smoking (143) , article (195)