Appraisal Service for Oriental and Persian Rugs
Oriental and Persian rugs can be a beautiful addition to any home. More than that, they can be highly valuable and something to showcase within the home. If you have a handwoven rug, whether it’s new to you or you’ve had it for years, now’s a great time to have it appraised. This lets you know the current value of the rug and can help you make decisions for its care. We can professionally value any Oriental or Persian rugs, so you know what it is worth before obtaining insurance or selling your rug. Learn more about appraisals for rugs or contact us today to have your rug appraised.
What is a Rug Appraisal?
A rug appraisal is an in-depth look at the rug to determine its value. During the appraisal, the professional looks at several different features of the rug to determine how much it is worth. The value is for the current time only, as values can rise and lower with time, but this information can be very important if you’re planning on selling the rug or you need to have a value for your insurance company in case of any loss.
When to Have a Rug Appraisal Done
Owners of Oriental and Persian rugs can have an appraisal done at any time. Our professionals are available to do an appraisal for your rugs. If you’re just curious how much the rug could be worth, go ahead and have an appraisal done to find out. Some of the times you may want to have an appraisal done can include the following.
To Find Out the Value of your rug.
You may wonder how much the rug passed down through your family is worth today. Or, you may have picked up a rug at a garage sale for a great deal and want to know if it’s worth anything. The way to do this is through an appraisal. A professional can take a close look at the rug and determine its current value, just so you know how much the rug is worth and whether it’s something you’d like to keep.
Before Purchasing a Rug
If you’re planning on purchasing an Oriental or Persian rug, it’s a good idea to have an appraisal done. The price may be too high for the rug, or you may be in a position to get one for a fantastic deal. If you’re planning on paying a significant amount of money for the rug, make sure you have an appraisal done before buying it, so you don’t end up paying a lot more than it’s worth for the rug.
Before Selling a Rug
When you sell a rug, you’ll want to make sure you get enough money from the sale. Potential buyers may worry about the true value of the rug and may not be willing to pay what you think it’s worth. The way to avoid this is to have an appraisal done by a professional. With an appraisal in hand, it will be easier for you to get top dollar for the rug when you sell it. Both you and the buyer will know the rug’s value, so this should help keep negotiations to a minimum.
A rug value for an Insurance Purposes
When there is a disaster that damages the home, whether it’s a flood, fire, or something else, the insurance company should cover the damage done. However, when it comes to rugs, the insurance company is likely going to provide a minimal amount for a replacement. Those who own handwoven rugs may want to provide the insurance company with an appraisal ahead of time in case anything does happen, as this way, they can show the true value of the rug and, therefore, the full amount the insurance should pay for a replacement.
Updating an Appraisal
The value of handwoven rugs does change over time. As rugs get older, they generally get more valuable. The exception to this is if the rug’s condition has deteriorated. No matter what kind of rug it is, it’s important to have the appraisal updated from time to time to make sure it’s still accurate. Most professionals will recommend having the appraisal updated every five to ten years, though it can be updated before then if you decide to sell the rug or believe its value has increased significantly for any reason.
What’s Considered in an Appraisal of a rug?
Our professionals don’t just look at the rug and guess what the value might be. Though commonly people will talk about the knots per inch and how that impacts the value of a rug, there is actually a lot more that is considered during a professional appraisal. When you have a rug professionally valued, some of the aspects that are considered will include the following. All of these combined will help determine the true value of your carpet when the appraisal is done.
Knots Per Inch in rug value
The knots per inch is one of the most talked-about aspects of valuing a rug, and it can have an impact on the value. For the most part, the higher the knot count, the higher the value of the rug. However, rugs that have a lower knot per inch count can be highly valued depending on where they’re from, how old they are, and other factors. It’s important to look at the whole rug, not just the knots per inch, when determining the value.
The Rug’s Design
Some handwoven rugs have simple designs while others are far more intricate. While the simple designs are beautiful, more intricate ones are often valued higher. This has to do with the look, the softness of the rug, the colors used, and a lot more. If a design is commonly used in rugs, even if it’s intricate, it may not be as highly valued as something that’s far less common to see. Knowledge of common designs in the region where the rug was constructed can help determine the impact of the design on the rug’s value.
The Colors Used in weaving a rug
Rugs that have a variety of bright colors can be valued higher than those that have fewer colors. In addition, especially with older rugs, how vivid the colors are can make a difference. Colors will fade over time, so if the rug still has stunning, bright colors, it’s going to be valued higher than the same rug would if the colors have faded. Proper care of the rug and keeping it away from sunlight can help protect the colors and improve the value over time.
Quality and Type of Materials used in rug
Various materials can be used to make rugs, and that can make a difference in the value. Silk rugs, for instance, will generally be higher valued, while wool may not be valued as high. There are exceptions to this, and the quality of the materials used can have an impact on the value as well. Most of the time, rugs are made from wool, cotton, or silk, but they can also be made from rarer materials such as different types of fur. Professionals can take a look at the rug to determine the type of material used in most cases, as well as its quality.
The Age of the Rug
Rugs will generally increase in value over time. Even if the condition of the rug degrades some, the value can still be higher simply because of how old it is. It’s still important to make sure the rug is kept clean and cared for properly to make sure the value holds over time. If a rug is damaged, repairing it can help it increase in value so it is worth what other rugs of a similar age may be worth. For extremely old rugs in great condition, the value can be significant.
The Condition of the Rug
Over time, rugs can suffer damage. Colors will fade, the materials may start to break down, or there could be damage from use, sunlight, disasters, or stains. If a rug is not cared for properly, the value will be significantly lower than it would if it was in immaculate condition. As mentioned, if a rug is damaged in any way, it is a good idea to have it repaired. This can bring it back to a good condition, which can help increase the value of the rug when it’s professionally appraised.
How a Professional Uses This Information to establishing a value for a rug
All of the above information is used together to determine the full value of the rug. The professional looks at where the rug was created, how old it is, what condition it is, and more, not just the knots per inch, to determine how much the rug is worth. They compare this information to the value of similar rugs in a similar condition, though there are times when they may not have a lot to compare the rug to, such as when unique or rare materials are used. They will always make sure the value is as accurate as possible when the appraisal is done. When you have a rug appraised, it is possible to ask questions about how the exact value is determined, as well as what you can do to keep the value as high as possible in the future.
What the Appraisal Should Include
After the rug has been appraised, what should you expect to receive? Professionals will often take a photo of the rug, sometimes of the front and back, and attach that to the appraisal. This way, it’s easy to tell which rug the appraisal is for if you have more than one rug. The appraisal itself will be a certificate that shows the full value of the rug, the date the appraisal was done, and the name of the professional or company that handled the appraisal. This information can then be used to help sell the rug or for insurance purposes.
Finding The Right Appraiser for Rugs
When you have a rug appraised, the most important thing to do is to find the right appraiser to work with. The professional chosen needs to have experience with appraisals, especially for similar rugs, and be able to do a full valuation of the rug for you. Our company has been doing appraisals for years and we know rugs completely. We understand all of the different parts of an appraisal as well as how to look at the rug’s details to determine the full value of the rug. We stand by our appraisals, so you know they will be done right.
If you have an Oriental or Persian rug and you’d like to know its value, we can help. Our team of professionals has years of experience working with these rugs and can do an appraisal for you. We’ll inspect your rug carefully to create the most accurate appraisal possible, no matter if it’s just for your own curiosity or if you need it for a sale or insurance. Contact us today to learn more about how we can help with a rug appraisal or to schedule a time to have it done.