How much does bedroom furniture (decent quality wood) depreciate each year?

bedroom set king image

Q. I need to sell my bedroom set....king memory foam mattress, head and foot boards, nine drawer dresser with a mirror and two night stands with two drawers each.

I purchased the set in 2005 for $5000.00

Answer
The best thing to do is to get on to Craigs List, Backpage.com and Ebay. See what similar pieces are going for. There is no Blue Book value for furniture or mattresses. At best I would say you would be lucky to get 40 - 60 percent of origninal value.

Would you buy a mattress from craigslist?

Jax101

My husband and I have a rather successful side project buying furniture for great deals on craigslist and then reselling them after minor repairs. We mostly stick to sectionals and couches but recently scored an entire bedroom set (king bed, 2 nightstands, dresser with mirror) for $300. The set itself is in great condition, its modern and sleek, no flaws and from Ashley home furniture. We can easily resell for $600 (we live in a large city). However, we also saw a posting for a newer mattress and bed spring set for $130 that they are selling due to moving. In your opinion- would you more likely buy a king bedroom set with mattress and box spring for $1000 or without for $600-800? Keep in mind this is craigslist and everything is always used. I appreciate your opinion.

Answer
I am sitting on a king mattress I bought off craigslist.

Powered by Yahoo! Answers

Title Post: How much does bedroom furniture (decent quality wood) depreciate each year?
Rating: 94% based on 1258 ratings. 4,3 user reviews.
Author: Unknown

Thanks For Coming To My Blog