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Types of Antique Furniture Appraisal

There are several reasons that a person may want to have their antique furniture appraised. Each requires a different type of appraisal and each may give the piece a different value.

Insurance Appraisal

When you have your antiques evaluated for insurance purposes, you will need to hire a professional appraiser. He will identify your antique, take pictures, examine your item, and do a variety of comparisons. The appraiser will consider all aspects of your item including:

  • Condition
  • Provenance
  • Desirability
  • Age
  • Rarity

He will then try to find similar items and the prices that they fetched at auction or the value given to them by dealers and other appraisers. After he collects all the information possible, he will assign a replacement value to your item based on what it would cost to actually replace it.

Generally the replacement value will be the highest value given to an antique. You should get a printed record of the value and how the piece was evaluated as well as pictures of your antique. It is important to keep this appraisal and the images in a safe place like a safety deposit box in case of fire or flood.
Appraisal for Fair Market Value

Fair market value is the price that a buyer and seller agree on based on their own appraisal of the item. Generally an antique dealer will base his price on his knowledge of the market, the condition of the item, and what he has paid for it. This value is usually not fixed and you can often bargain for a better price.
Appraisal for Estate or Tax Value

When you inherit an item the IRS may want an appraisal done. This appraisal will be based on how similar items have been evaluated, as well as common auction prices.

Tips to Protect Your Hardwood Floors

Fine hardwood flooring enhances the value of your home or antique furniture. As it can play a colossal role in beautifying your livingspace, you have to make sure that it is well protected from several issues like humidity, moisture damage or abuse. Here are few tips that you can follow in order to get rid of such hardwood problems.

Protect from moisture damage

When it comes to moisture damage, the first thing that pops up in your head is flooding incidents – obviously this is one major potential hazard. But apart from it, moisture can also take place due to climatic changes and changing humidity.
So, make sure that your home is kept at a good level of air conditioning and humidity control. To be precise, try to make the humidity levels constant.

Do not overlook the changes in your hardwood flooring

Due to the fact that hardwood is prepared from natural wood products, it is expected to expand and contract over time. For your information, issues like humidity or plumbing leaks can cause cupping (the tendency of flooring to raise and dip in areas unnaturally). So, before it’s too late, investigate and figure out the source of flooring problems, and act accordingly.

Make your hardwood floors clean and shiny

You can find different theories, products and tips to protect your hardwood flooring. Though you can rely on several wood soaps and waxes to clean your floor, the most ideal option would be opting for a vinegar and water solution. Similarly, when it comes to shining your hardwood, experts basically suggest natural products like olive oil as opposed to wax-based cleaners.

Day-to-day maintenance

To avoid scratches or some stubborn stains on your hardwood floors, you can use cloth furniture protectors under the feet or legs of your desks, chairs, tables and other heavy furniture. Also, don’t keep shoes (especially high heel shoes) on the floor. You have to be more diligent for regular maintenance if you have pets and kids.

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