Generally speaking, this is the most accurate method of determining value when one has access to a body of information on recent sale prices of comparable items. The comparable sales method compares the piano being appraised with recent actual selling prices of other pianos of like brand, model, age, condition, and location. (The Piano Buyer article has since been revised to include these comments.) Fair Market Valueįair market value is the price at which an item would change hands between a willing buyer and a willing seller, neither of whom is compelled to buy or sell, and each of whom has reasonable knowledge of the relevant facts.Īppraisers of used pianos and other consumer goods typically use three differentmethods to determine fair market value: comparable sales, depreciation, and idealized value minus the cost of restoration. Pick a manufacturer that has a trade up option so you'll always be able to have the best possible piano for your situation.The purpose of this article is to comment on and clarify the information in Piano Buyer on determining the value of a used piano. When it comes to buying a piano, as with making any other major purchase you want to be armed with information -ask a lot of questions and buy what you can afford.
#Wurlitzer piano value upgrade
It's no secret that the cheapest model in terms of cost is probably the manufacturer's model that is also of the lowest quality, a few hundred to one thousand dollars price difference could mean a world in the difference of quality of the instrument.ĭon't despair that you can't afford the world's greatest piano right from the beginning, many reputable manufacturers have a "trade up" option that will allow you to upgrade to a better model when you feel that you may have outgrown your current piano
Once you've got a manufacturer in mind that you feel comfortable with, it's time to pick the most appropriate model for your situation - if at all possible, try not to buy the manufacturer's least expensive model. You want a brand that has good merit, a solid reputation and that offers a good warranty. You'll want to visit plenty of show rooms, do a lot of testing out different brands and talking to a good deal of sales people, teachers and technicians in order to narrow down the possibilities and begin to select the piano that may be right for you. Grand pianos normally produce a better sound quality, but uprights are often far less expensive and easier to fit into your home. Pianos come in two different "body types", uprights and grand pianos. There are plenty of excellent manufacturers of pianos available in every imaginable style and price range: Steinway, Wurlitzer, Kawai and Yamaha each have different musical quality and each manufacturer comes with a potentially very different price tag (Steinway produces pianos that are well in excess of six figures, where as Yamaha produces a quality instrument for under twenty thousand dollars.) Each brand will have a style, sound and price that will appeal to different types of players. In all reality, the best brand of piano for your beginner is going to be the one that fits your particular situation, in terms of price, size and sound quality. If you are sure that purchasing a piano is the right decision, then you've got some serious studying to do.
#Wurlitzer piano value full size
A keyboard is a good, inexpensive and portable learning tool that will help you gage if there is a real interest there, and it will still be of use later down the road after a full size piano is procured. The last thing you want to do is go out and spend more that twenty thousand dollars on a very large instrument that will take up quite a bit of space in your home only to find that there is no real deep interest there. In fact, if this is a situation that you are currently facing, it might be advisable, if possible, for the beginner to take a few lessons at a studio or to purchase a less expensive, electronic keyboard to begin with to be sure that the beginner will hold some interest in the endeavor after the initial novelty begins to wear off.
If the beginner that you are considering buying a piano for has never so much as played the instrument before and there is no one else residing in the house that will play, some serious thought should be put into the decision. There are a number of questions that you should ask yourself before jumping into a purchase that may be as major as buying a piano. No one can come right out and tell you what piano to buy, it's a decision that you must work your way to with a good bit of research. Figuring out the best possible brand of piano to purchase for a player that is just beginning can be a pretty difficult task depending on the particular situation.
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