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Reasons to Buy Antiques & Collectibles in a Down Economyby Pamela Wiggins, About.com Guide |
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While spending your emergency fund wouldn’t be the most prudent of
moves, if you have a little money to spare in a down economy there
are a number of good reasons to consider buying
antiques and
collectibles.
It's a Good Time to
Snag a BargainUnfortunate but true is the fact that when times get tough people often have to sell belongings they never would party with otherwise. If you have some extra cash socked away you can afford to spend on antiques and collectibles, now's the time to start hitting garage sales, scouring online auctions, and check out classified ads. Shop smart and you could score some great deals on pieces you can enjoy owning now and sell for a profit later. Antiques Tend to Hold Their ValueQuality antiques and collectibles viably hold value or appreciate with the passing of time. This means when the economy turns around, you could very likely sell vintage goods for as much or more than you paid for them without the wild market ride to reap gains other types of investments might offer. Of course, it’s important to remember that antiques don’t provide a guaranteed return. The introduction of reproductions into the marketplace, improper care, and other extenuating factors can cause values to drop rather than rise in some instances. Overall though, most antiques and collectibles maintain value and tend to appreciate, sometimes dramatically, over time.Antiques Compare Favorably to New Goods
Unlike newly produced furniture,
decorative items, fashion accessories, and other goods, quality
antiques and collectibles in excellent condition have a tendency
to appreciate in value. Most manufactured goods become “used”
merchandise once they leave the retailer’s showroom reselling
later for just pennies on the dollar in comparison to antiques.
In a nutshell, purchasing an antique you can sell later versus a
new product from a discount store offers far more bang for your
buck in the long run.
Antiques are “Investments” to Enjoy in Your HomeBuying antiques and collectibles allows you to enjoy your “investments” in a tangible way. This is especially true when other types of investments are in a declining mode because you can literally keep an eye on your money. Not only that, creating a beautifully decorated haven you can come home to seems more important than ever when times get tough. |
