5 Ways To Get Money Off Your Old Broken Valuables

| May 22, 2014

5 Ways To Get Money From Your Old Broken ValuablesWhen it comes to some of the things lying around your home, you may have a lot that is valuable but you don’t know what to do with. In some cases, these valuables may even be broken, which makes it hard for you to decide what they are really worth or what your options are for selling them. Here are five ways to get money off your old broken valuables so you can get them out of your home and money in your wallet

Sell Them

The first question you need to ask yourself is how broken they truly are. Maybe a few scratches or dents may be no longer considered mint condition, but it’s possible that the item is still valuable enough to sell. There are pawnshops, like www.cashgoldsanjose.com, that will take your old valuables and give you money for them. You can also have a garage sell or you can sell them online. Just because you no longer view the item in pristine condition, doesn’t mean that someone won’t find value out of a slightly used item. Try different online sites and don’t feel like you have to sell the items for less than you want to.

Have Them Restored

Another option to consider with your broken valuables is having them restored and then reselling them. After all, if you can put just a bit of money into a restoration, but then double or even triple the money that you make back on them, then the restoration is worth the investment. If you don’t know how to do the restoration yourself, consider how much it would cost to have a professional do it for you. Often times, professionals can make your item worth much more by doing a flawless job on the restoration. It is well worth the money to have your items restored correctly, and not ruined in the process.

Fix Them Yourself

If you are handy enough and want to avoid having someone else restore your items for you, consider doing the restorations on your own. With just a bit of ingenuity and elbow grease, you might be able to turn your old valuables into new wonders again. And if you don’t have to pay anyone else to do that for you, all the money you make when you sell it will be worth the effort you put into the restoration. You can also find great tutorials online that provides tips and advice for an impressive restoration.

Turn Them Into Something New

There are some things that you’ll likely never be able to sell ever again. For example, that old CD collection that you’ve been storing for years has been outdated by MP3 players and other forms of media. However, consider turning that collection into something new like artwork or other decorative items. People enjoy getting one-of-a-kind pieces of work and this is a great opportunity to turn things that are beyond repair, into means of making money. People will pay a lot of money for something and unique, and sometimes you can get a lot more out of your items by turning in them into something new.

Scrap Them

If you simply cannot find a way to fix your old valuables, consider breaking them down and scrapping them. You can recycle old metals and other materials to get a bit of cash here and there. The money may not be as much as what you’d get for a restored item, but if there is no way of fixing your old valuables, scraping them may be the only chance you have to make any money.

No matter what you have lying around your home, it may be valuable to someone else. Consider these options for making money off the items that you no longer need.

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Category: Budget, Family Finances, Financial Planning

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