With interest rates for bank deposits decreasing, investors are looking for other investment options to get better returns. In the last few years, luxury watches have become one of the most popular categories of collectibles with the prices of the watches increasing rapidly. While the value of most assets will decline with time due to wear and tear, the prices of luxury watches will increase, especially for older watches if they are well maintained. Hence, many individuals like you, who are interested in purchasing a luxury watch, would like to ask “where is a suitable watch shop near me?” Some of the factors which should be considered while choosing a watch shop are discussed below.
Type of Watches
Most people have a limited amount of free time for shopping so they should be careful while deciding which watch shop they will visit. The main consideration while deciding which watch shop to visit, will be the kind of watches which the shop has in stock. There are a wide variety of watches available for sale, ranging from inexpensive digital watches to expensive branded watches from top luxury brands like Rolex, Patek Philippe, Chopard, Franck Muller. Investors who wish to purchase expensive luxury watches, and make the most of it, can even look into pre-owned watches, as they provide maximum value for every budget.
Company Profile
Most of the top watch shops selling the expensive luxury watches will usually have their own website and a company profile posted online. The company profile will provide details of the business, like when it was established, whether it is a chain of watch shops in various locations, customer list and testimonials. Many of the reputed watch shops have a collaboration with the luxury brands and are authorized dealers and distributors. This ensures that the customer will get an original watch, with warranty if he purchases a new watch from the store.
Range of Watches
Since luxury watches are expensive collectibles, most of the watch buyers will do some research on the watch which they wish to purchase, specifically the brand and model number. While the new watch models will be available at the authorized retail stores, most of the older watch models will be only available at some stores. Hence it is better to check whether the older luxury watch is available at the watch shop before visiting it. In some cases, the watch shop may list the collectible watches for sale online, while in other cases, the buyer may have to contact them by phone or email.
Warranty and Other Details
While selecting a watch shop, it is important to ensure that it offers a warranty on the watches it sells. Since the watches may require repairs after a few years, it is also advisable to check the repair facilities available for the watch. In some cases, the watch shop has well trained staff and the latest equipment for watch inspection and repairs, so they will be able to complete all repairs in-house. In other cases, the watch shop may be outsourcing the repairs to a specialized watch repair store, so the time taken for the repairs will be more.
