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Being smoke-free can protect your condo's value

In this month's Condo Market Report, Ashley Lamb tells us how the smell of smoke can affect the value of your home
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cigarettes tobacco

Smoke gets into everything. 

A coat of paint and replacement of carpets won’t get rid of the smell of smoke, especially cigarette smoke.

Not only does it stain the walls and ceiling but it sticks to kitchen cabinets, hardwood flooring, tiling, doors and filters through HVAC systems.

Did you know that properties that smell like smoke are 85 per cent harder to sell?

Not only do buyers see dollar signs when thinking about how to get rid of the smell completely, but they also have health concerns
related to second-hand smoke. The value could be affected by up to 27 per cent.

Residents that smoke in their units could also affect the resale value of their neighbours and the building as a whole.

Smoke can enter other units by open windows, balconies and travelling into hallways when doors are open.

Potential buyers could be turned off of a building if they are on a tour and smell smoke in hallways and other common areas.

Buyers are aware that condo buildings in Barrie are starting to go smoke-free and living in a smoke-free building is of importance to many, especially those that are looking to live in a complex that supports healthy lifestyles.

Statistic source: www.smokefreehousingon.ca.




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Ashley Lamb

About the Author: Ashley Lamb

Ashley Lamb is a local condo expert who writes a monthly column about statistics and trends in the Barrie real estate market
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