Actual value of your stuff?

**Joan.of.the.Arch** · 07-21-2008, 07:54 AM

I used your list as a starting point and then thought of a few more items. I roughly come to $24K. This doesn't count things in the separate garage.

**Caoineag** · 07-21-2008, 08:38 AM

15k would cover us. In fact, the worst to replace would be CD's, books and video games because we have so many. Since we rent, no appliances went into my list though.

**PrincessPerky** · 07-21-2008, 08:49 AM

even though we have more furniture I doubt we even spent that much.

Course the trouble is we spent 20 some years acquiring all this stuff..if we had to 'restock' ASAP we wouldn't get gmas old kitchen table and chairs, or the husbands old twin beds and bedroom set. My childhood air popper, and hand me down dvd/vcr player among other equipment.

Not to mention years of books.

I really hope I am never faced with replacing everything.

**Joan.of.the.Arch** · 07-21-2008, 10:20 AM

If it is insurance we are making these valuations for, we'd better consider true replacement value.

**SnoopyCool** · 07-21-2008, 01:39 PM

We had to do a list of personal property when we bought our house for the insurance company. I came up with about $20K, but our insurance agent bumped it up to nearly quadruple that (as stipulated as personal property in our homeowner's insurance documents, I guess?!? It states land, dwelling, and personal property).

**scfr** · 07-21-2008, 02:19 PM

Big difference between replacement value and cash value.

When we did our wills, we had to estimate the value of the "stuff" in our house. Our attorney told us that the value of the possessions of the typical American household, if everything is sold off at a garage sale, is not more than $10K. (Kind of sad when you think about how much people are in debt for all that stuff, isn't it?) We told him $10K sounded fine to us. Since selling off so much prior to our move, the current value of our "stuff" is much less. Probably just a few thou.

**LivingAlmostLarge** · 07-21-2008, 02:24 PM

Yeah replacement value, I don't think I would necessarily buy new expensive stuff. But heck $31k is 2x the value of my stuff now easily. I'd be upgrading like I said.

**maat55** · 07-21-2008, 03:03 PM

When putting together my Net Worth Statement, I came up with 7500 in house. That's just what I could sell for, not replacement value.

**jIM_Ohio** · 07-21-2008, 03:05 PM

Originally posted by Joan.of.the.Arch View Post

If it is insurance we are making these valuations for, we'd better consider true replacement value.

That was my thought. The general advice we were given by the insurance agent is double the house value (or was it half the house value)?

**disneysteve** · 07-21-2008, 05:53 PM

Originally posted by LivingAlmostLarge View Post

How much money would it take to replace all your stuff? After looking at this we would happily take $31k insurance replacement value for all our stuff. What about you?

As I type this, I'm sitting in a room with 3 computers, 2 printers, a scanner,a shredder, 2 bookcases full of books, 3 desks, 3 lamps, an electric piano, 2 cartons of sheet music, 2 file cabinets, assorted office supplies (calculators, staplers, tape dispensers, etc.), a ton of computer software, a stack of framed but unhung artwork, several bins of scrapbooking supplies and equipment, a telephone and various other items, and that's just one small room. Add in our bedrooms, bathrooms, living room (filled with Disney collectibles wall to wall), dining room, kitchen, family room, garage and basement and I'm sure I'd have no trouble topping 31K.

**simpleyme** · 07-21-2008, 07:39 PM

sounds like disney steve needs to declutter LOL JUST KIDDING

but the actual value of a room full of used computers and equipment might be considered a liability as you may not be able to give it away , no matter how much you paid for it my computer is 2 years old and probably not worth 50 bucks ;-) ever try to sell books? good luck with that I am sure DS has medical library and that type of thing would probably fair better than most

I had a beautiful antique cast ironwood cooking stove it was in perfect shape and I had many offers and was told the value was 500 dollars when i tried to sell it I could not get 50 bucks for it at my yard sale, i could not take it with me so I ended up giving it to my neighbor lady

i just assume my stuff is worthless and do not worry to much my policy has 10k value on my stuff

**LivingAlmostLarge** · 07-21-2008, 07:46 PM

Wow, DS I am amazed you have so much stuff. I should add we used to move every 6 months and so we used to fit our stuff within 2 small cars or less. We used to only have futons.

**disneysteve** · 07-22-2008, 05:02 AM

Originally posted by simpleyme View Post

sounds like disney steve needs to declutter LOL JUST KIDDING

i just assume my stuff is worthless and do not worry to much my policy has 10k value on my stuff

Keep in mind that this is AFTER all my decluttering efforts. I guess I need to keep at it.

I agree, though, that I assume much of our stuff is ultimately worthless. If it were all to be destroyed, we certainly wouldn't go out and attempt to replace it all. So I don't count all of that stuff for insurance purposes. But the question on the table was what is our stuff worth and the answer is that it is worth more than 31K if we actually needed to replace it for some reason.

**LivingAlmostLarge** · 07-22-2008, 07:58 AM

No I was asking how much would YOU need to replace your stuff? For me $31k is a huge upgrade.

Actual value of your stuff?