Survey Suggests Smoking in Home Chips Away at its Value

A survey of Canadian home owners finds that smoking in the home can reduce the home’s value at resale by up to 29 percent. The potential loss on a home could be up to $107,000 on the average home price of $369,000 in Ontario, according to the study sponsored by Pfizer Canada, a pharmaceutical company. cigarette

Fifty-six percent of the real estate agents and brokers included in the survey said most buyers are turned off by a home where the home owners have smoked. Twenty-seven percent say that buyers are unwilling to even consider a home in which the home owners smoked.

“Many prospective buyers are really put off by homes that have been smoked in and they can be very challenging to sell,” says David Visentin, a real estate professional and co-host of the W Network’s “Love it or List it” program.

Source: “Smoking can reduce your home’s value by 30%, survey finds,” CTV News (April 16, 2013)

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Will Nesbitt

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Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.