Pianos are valuable items and some that have been passed down from generation to generation within a family hold sentimental value to the owners. The sentimental value cannot be equated to a monetary value.
Knowing how much a piano is worth needs careful assessment and involves physical inspection of the piano's parts. A piano appraisal is a valuation done by an expert to give the true value of the piano.
Many factors affect the value of a piano. These include:
Any parts that have been replaced recently or in the past must be noted down and the reason for replacement indicated where applicable.
The person requesting for appraisal of the piano should be the true owner of the piano, or have been sent to represent the owner.
Knowing the history of the piano in question, such as if it has survived natural calamities like floods, helps the appraiser to reach a more accurate valuation. Servicing, tuning, and regulation history should also be given to the appraiser if possible.
Piano appraisal services come in handy when the piano is on sale. Insurers will also require the piano to be appraised before settling on any insurance agreement. This helps them to assess the value that should be compensated to the owner upon maturity of an insurance claim.