Morning Minute: Don’t let your home’s resale value go up in smoke

If you are a cigarette smoker, could it end up costing you money down the road when you put your house on the market? Maybe if there are lingering odors and smoking residue that could affect your resale value.

In her Chicago Tribune column today, Mary Umberger takes a look at a recent Canadian study of real estate agents who said that smoking in a home can make it harder to sell and reduce its overall value. Nearly half (44%) of those surveyed said smoking will impact values by some degree. Another potential factor is the idea of “thirdhand smoke,” residue that continues to linger in the home.

Read Umberger’s column, “Smoking can affect a home’s resale value,” for more details.

REALTORS®, what do you think? Do you see home values affected when a seller is a smoker?

This entry was posted in Consumer Information, Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.