Storage Auctions
The Storage Locker => General Storage Auction Talk => Topic started by: Travis on January 30, 2013, 08:57:05 AM
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What do you do when you find something in a unit with some imperfections? Do you try to fix it up or do you just lower the price and blow it out?
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Depends on:
1) amount of damage
2) whether damage is cosmetic or affects performance
3) if I CAN repair it
4) if it is WORTH time, effort, expense
5)
6)
7)
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Yeah....totally depends.
A $200-$300 vacuum that needs a $3 belt. Fix.
Same vacuum that handles broke. Move cheap to vacuum shop.
Same vacuum that foot is broken. Toss.
Depends on repair cost, time/labor, sell price of before & after fix.......
I donated and cherry wood dresser once, that I've seen at shops for $1000, because the time, labor and cost of materials were to much to get it to that level. Let someone else thats into that make a buck.
Do the same cars. Some I just clean and polish. Could make more if I repair body and/or paint but I'm not going to spend $1000 and 20hrs of labor to make an extra $500 in profit......
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there's very few items i will put alot of time or effort into as i dont thik you generally recoup that investmetn over just selling at a discount but some items can fetch 2-3x the value if you take the time to repair or fix them