More often than not, when you treat yourself to a high-end item, you’re not buying to resell. However, sometimes people just realize that they’re just not using something as much as they thought they would.
If that’s the case, reselling makes perfect sense and can help you recoup some of your initial investment.
However, the truth must be said. No matter what the item is – whether it’s that necklace from Tiffany’s or the Hermes’ crossbody – neither is going to make you money in the same way an investment would.
Investments grow the money you put in them. A ring or a purse likely won’t. Instead, they will give you a chunk of change that might be lower than what you paid upfront. And that’s not a bad thing at all!
The question then becomes, which of the two will give you more bang for your buck?
It’s truly hard to say. Depending on how well you take care of each item, you could resell and get a big portion of your money back. The more important thing is to make sure you’re staying within your budget.
If you do think you might want to resell the item in the future, take extra pristine care of it.