As a piano becomes neglected and older, piano restoration cost will rise higher and higher. A piano that is slightly aged would likely be a good purchase as the repair and restoration needs should be low or nonexistent. The age of any instrument has a large part in determining its value, but the relationship is not exactly straightforward. This is especially true when calculating the cost of piano restoration. It will almost always require a full evaluation of your piano by a repair and restoration expert before you have a true idea of its cost and potential value. You can discuss the task with local musicians, piano store clerks, or on internet forums. Determining the feasibility of restoring a piano takes research. The average cost of restoring a piano is around $2,500, while a refinishing of the wood and other appointments can be $1,500 to $2,000 on its own. Then again, this price would be a pittance in comparison to the value of a fully restored antique Steinway piano. The cost of piano restoration can be very high (over $5,000) if the instrument is old and in need of many repairs. This is not a concern for a preservationist with money to spare, but most people regard the value as economic rather than idealistic. Unfortunately, piano restoration cost may be more than the finished value of the instrument. All of these scenarios leave you with an item that can likely be restored to its once glorious form. It may have been left by previous owners, or handed down through your family, or it may simply be something you purchased at a large discount. It’s not uncommon to find an old, neglected piano within one’s home.
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