To: HamiltonJay
I inspected homes for many years as a lender's representative. The smoking issue has merit based on the residual stench of burnt tobacco.
The worst case of devaluation I ever witnessed was a smoker's house that literally burned your eyes to be inside. The walls were filthy from nicotine and the burnt tobacco odor was overwhelming. The house sold for $25,000 less that what comparable, odor free/non-dinged wall houses on the same street were selling for.
The people who bought the house painted the interior, replaced the carpets, washed the cabinets and counters....spending about $5,000 to fix the place up. They made a $20,000 profit in 6 months.
To: Pan_Yans Wife
for later
108 posted on
09/30/2003 3:11:56 PM PDT by
Pan_Yans Wife
("Life isn't fair. It's fairer than death, is all.")
To: Rebelbase
Oh I fully agree it affects price, I am the one trying to make those arguing the other way (that it doesn't) that they are wrong.
I know it affects price, as I have rehabbed many homes and know dozens of others who do as well and one that rehab 4+ homes a month for retail. Smoke stains and smell absolutely reduce a properties value... it won't sell for as much or as quickly on average as a clean home.
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