We’ll be frank: if you’re looking to purchase an Oriental or Persian rug because it will appreciate in value a great deal in a couple of decades, don’t buy the rug. There is no guarantee that the rug you buy will appreciate in value, it’s better to buy a rug because you love it, not because you think it might be worth more down the line.
However, if you appreciate the exceedingly high craftsmanship that goes into making one of these exquisite pieces of “working” art (working in that you can use it in your home or office), then we encourage to purchase a fine rug and appreciate its beauty.
In other words, it’s best to purchase a rug first for its craftsmanship and beauty and second as a financial investment.
Will your rug go up in value as the years go on? The answer: It depends.
It depends on how well-made the rug is to begin with and how well you take care of the rug over the years. The rug’s condition and current trends are large factors in how much the rug will be worth. A rug’s value on the open market also depends on the value of rugs in that market at the time you sell it.
In general, Oriental and Persian rugs do tend to hold their value (as compared to other types of rugs and furnishings that lose value quickly), although it can be a very long time until you recoup the purchase price.
If the rug is of exceptional quality but has obvious wear, a quality restoration will increase its value, but you’ll need to weigh the cost of that restoration (considerable) against any price you could realistically receive for it on the market when you decide to sell it.
Is it worth it if you need to invest $2,000 in repairs on a $2,000 or even $3,000 rug? It’s very hard to say, especially if you may not sell the rug for several years.
It’s very difficult, if not impossible, to ascertain a rug’s value in the market 5, 10, or even 25 years from the time you purchase it or restore it. The market and consumer desires are constantly changing, and your rug may even be worth less down the line, especially if it has not be properly cared for.
That’s why, as we said above, we highly recommend that you purchase a rug because you love it, you enjoy its beauty, and you want something that will bring you pleasure for years or even decades to come. Buying a rug in the hopes that it will appreciate in value is a risky move. High quality handmade rugs can easily cost thousands of dollars, and while they can typically maintain that value over time with proper care, turning a profit from that rug is never guaranteed.
If you are looking to purchase a rug that will appreciate in value, the best thing to do is buy a traditional Persian or Oriental rug. These pieces never go out of style, which means their demand in the market is pretty constant. A high quality handmade rug like these is more likely to be worth more after ten or twenty years because they continue to be sought after by collectors and the public. Even if the rug you buy doesn’t end up being worth significantly more at a later date, it is unlikely to be worth significantly less than you bought it for if it is handmade and in a traditional style. Don’t expect that modern machine made rug you bought to appreciate! These rugs are lucky if they last more than 10 years.
Yes, a fine Persian or Oriental rug is a good financial investment! It may appreciate in value and leave your family an heirloom. Call Behnam Rugs in Dallas at 972-733-0400.