Kensington is a town located about 9 miles north of Washington, D.C., and 37 miles southwest of Baltimore, Maryland. There are 2,213 residents in the one-half mile city limits and 20,000 residents in the greater Kensington area. Both are rife with single-family, detached homes, townhouses, and Kensington apartments to satisfy any living situation.
Median prices for Kensington homes for sale are about $1,075,000 as of April 2022, which is up significantly over last year’s high of about $776,000. Those interested in living here but opting out of homeownership can instead choose to live in Kensington Park apartments. Homeowners, though, can always find ways to maximize their homes’ prices with a few upgrades.
Maximize your home’s first impression
Don’t fall into the temptation to do FSBO
Invest in essential repairs
It is a standard practice for homebuyers to pay for home inspections before a house purchase is finalized. As a seller, it’s a wise investment to pay for your own home inspection even before you place your home up for sale. A home inspection identifies areas that need repair and, if not repaired, might result in a buyer backing out of the purchase or even forcing you to reduce the purchase price. For instance, suppose your home needs a new roof, and it costs $12,000. If you choose to ignore this repair and don't find a buyer for a few months, the cost to replace the roof could increase by a few thousand dollars, and an eventual buyer could demand that you lower your asking price by that higher repair cost. By getting your home in the best possible shape, you could even entice residents of Kensington Park apartments to take the step toward homeownership.
Keep asking price reasonable
Before listing your home, invest in hiring a professional to conduct a deep cleaning, then cautiously proceed when deciding what to upgrade. The two most important rooms in the house are the bathrooms and the kitchen, so start your analysis there. Consider investing in a new, high-end stove or oven if your kitchen appliances are outdated. Resurface the cabinets or upgrade old floor finishes. Elevate the lighting with pendant lamps or recessed lighting to give the kitchen a cozy feel. If your bathrooms are still stuck in the 1970s, change the outdated sink-in-a-cabinet to a modern pedestal sink or an above-cabinet sink with modern hardware. Replace the plain, rectangular mirror with an oval version framed in a rich, gold-painted frame. Repair any leaks and broken tile, then declutter the space. Sometimes, basic tasks such as cleaning and tidying are the best upgrades of all.
Local realtors like those in The Synergy Group are established in the Kensington area. Contact them today to begin your search or list your current home.