Does The Value Of A Piano Increase Over Time?

piano sales

Pianos are not cheap musical instruments to purchase. It can be a substantial financial commitment. The good news is they are generally considered a good investment. Depending on the make and model and how well the piano is maintained, it will not only last for decades, but very well may hold its value or even increase in value over time. SoCal Pianos makes it our business to provide top of the line pianos to our customers for sale and rental. As the old saying goes, you get what you pay for and this is certainly true of pianos.

PIANO VALUES

Like most new things, the minute you purchase it, the value drops because it instantly becomes used. A good example is a new car purchase… we have all heard it said the price drops the minute you drive it off the lot. This can be true of pianos as well; it has been estimated that the value of a piano can drop as much as 20 percent when you buy it. However, over time, high-end models by respected name brand manufacturers such as Yamaha, Steinway, Bosendorfer and others will retain their value on the used piano market because piano enthusiasts are always on the lookout for quality used pianos.

BABY GRAND

Acoustic pianos tend to appreciate overtime. The used piano market may rise and fall due to supply and demand factors, but name brands hold their value. In fact, you may actually see a greater return on your investment of a grand or baby grand piano the older it is. This is primarily because grands and baby grands made by the biggest names are built to last a lifetime and transcend modern changes and digital options.

PIANO CARE

Like we said earlier, one of the factors in the appreciation – or depreciation – of your piano over time depends on how well you take care of it. Pianos require some general maintenance to ensure a lengthy lifespan and optimal performance, including:

  • Location, location, location. Pianos are built with many materials including wood, that expands and contracts depending on the climate. With that in mind, placing your piano in a spot that has a constant temperature and humidity will help keep it in good condition. Keep your piano away from the heating/cooling vents and open fireplaces and windows. Against an inner wall is better than an exterior wall.
  • Regular tuning. Pianos should be tuned regularly, with inspections of strings and pins.
  • Regulation. While tuning focuses on pitch and strings, regulating is about adjusting the mechanical parts of the piano.
  • Keep the exterior clean. Use a clean cloth to wipe dust away and use a lightly dampened cloth to clean keys. Keep liquids, vases and chemical furniture polishes away from the piano. 

PIANO SALES

Our showrooms in Ontario and Palm Desert, CA are open by appointment only, so call today to schedule a visit. SoCal offers complete piano sales and service. We also offer piano rental programs and our highly regarded instructor location program that can help customers connect with quality piano teachers