As of yesterday, October 17, 2018, the laws pertaining to marijuana changed. Regardless of where you stand on the issue, it remains true that some consideration must be taken with regards to this change when buying or selling a home.
When it comes to selling your home, first impression is key. A well staged home will generally sell 80% faster and for more money than an unstaged home. What if the first impression includes marijuana plants as part of the home decor?
The legalization of marijuna in BC will likely impact the selling of homes and how they are presented to the public. We believe that although now legal, it will take a while for the general buying public to become comfortable with the plant being present in homes they are considering buying.
Growing a few marijuana plants in your home is really no different than having a few
houseplants when it comes to the effect the plants may have on the structure of the home. The main difference between selling with marijuana plants versus traditional house plants is that the marijuana plant emits an unmistakable scent that can draw attention to its presence and it should be understood that many remain against the legalization of marijuana. It is important for buyers to feel at ease in a home while considering comes to purchase. The last thing you want when trying to sell your home is for a buyer to be conflicted due to something present in your home.
Another difference is the potential risk of someone helping themselves to portions of the plant during an open house; or worse, an unattended minor getting their hands on the plant during a showing or open house. Both scenarios could lead to serious health and safety issues.
It is best to avoid adding anything to your home that may make a buyer weary. We suggest that when preparing your home for sale, you follow our home stager's advice:
Relocate the plants to another home while selling or store the plants outside of the home, and away from a buyers view/scent.
Keep plants out of photos that will be posted for the public to view.
If you don’t currently have marijuana plants and plan to sell in the near future, wait until you find your next dream home to begin cultivation.
For strata properties, check your bylaws before planting marijuana plants.
For buying strata properties, inform your Realtor of your intention to plant marijuana plants so they can assist you in finding a property that will allow this.
The focus should always be on the positive aspects of your home, and showing your homes best features. Anything that takes away from this is working against you.
For any questions on this or any aspect of buying or selling Real Estate, feel free to reach out to our team.
Happy buying and selling!!
The Platinum Key Properties team