FROM THE BLOG:
Three things you need to know before having your rug appraised.
An appraisal is necessary to identify carpets and answer questions about origin, age and value. They are helpful for insurance and estate purposes because many Oriental rugs increase in value as they age. The changing value over time means that an updated appraisal is helpful to insure that your investment carpets are well protected. At King’s House Oriental Rugs, we offer USPAP certified appraisals at our Birmingham showroom and welcome inquiries from out of state clients as well. USPAP certified appraisals are widely recognized by the IRS and the US court system as a standard guideline practice for appraisals. Give us a call at 205-244-1933 or send us an email.
3 things you need to know if you are thinking of having your Oriental rug appraised.
- You should have your appraisal updated every 5-10 years depending on market trends. Your investment carpet’s value can change significantly over time. Without an updated appraisal you may only be allowed the original purchase price for your rug should it become damaged. Without an updated appraisal it is possible that your antique rug could be under valued by your insurance company.
- USPAP certified appraisals are the standard format that is widely accepted by the IRS and the US government. King’s House Oriental Rugs has the only USPAP certified appraiser in the State of Alabama and one of only a few Oriental rug experts with this certification in the United States.
- Your Oriental rug does not always have to be present for an appraisal to be completed. Although it is ideal to have the carpet present during the appraisal, detailed photos will suffice with proper documentation
“Each rug has a story.” To Christin Terrell, it’s more than just a clever line—it’s the reason she comes into work every day. Because where the rest of us just see rich, beautiful colors and intricate patterns, Christin sees every superstition, every ancient custom, and every silent prayer woven into the rugs of King’s House. The beauty of their origins is what Christin loves most about our rugs: “Immersing yourself in the where, the who, and the why … I can’t imagine anything more beautiful.”
The King’s House buying experience goes well beyond simply rolling up a rug and sending you on your way. After all, an Oriental rug is an investment and an heirloom work of art. First, we offer complimentary consultations by appointment: that way, we can help you find the perfect rug for your home and lifestyle, based on architecture, furnishings, measurements—and, of course, the style you’re seeking. Plus, we also allow our local clients to take rugs on approval before making their final purchase decision, including free delivery and installation of the rug in your home.
King’s House is also proud to offer USPAP-certified appraisals, specialized rug cleaning, repair, and museum-quality restorations in Birmingham, Alabama. We welcome inquiries from out of state clients as well. Give us a call at 205-244-1933 or send us an email.