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Buying a Piano is a Financial and Personal Investment

By Jon, published on 20/02/2018 Blog > Music > Piano > How Much Does a Piano Cost?
  • How much does a piano cost in terms of money?
  • How much does a piano cost in terms of time?
  • What other costs should I consider?
  • So is a piano really that costly?

Just as you can’t take playing the piano lightly, you have to take buying a new piano or used pianos seriously. Whether it’s before, during, or even after learning to play it.

There are lots of piano brands. Do you know the difference between Kawai piano and a Steinway & Sons piano? Could you even tell me where your nearest piano dealer is? If not, don’t worry. Superprof is here to help!

What you should know is that buying this kind of musical instrument is an investment. A long-term investment.

While you can always consider how much money and how much time you’ll need to invest, the decision isn’t always that simple.

Let’s reconsider the main question. “How much does a piano cost?”

In this case we don’t just mean money, we’re going to consider every expenditure. Sure, considering all the elements as “costs” may seem a bit negative but you’ll soon see that this isn’t really the case.

Find out how the piano is a complete instrument in itself.

How much does a piano cost in terms of money?

We can’t avoid it. Pianos cost money! If you want to buy a piano, you’ll have to spend some money. There’s not a single piano company that’ll build one for you for free.

How much does a piano cost? There are several ways that a piano can be a costly investment. (Source: Classical Music News)

The price of a piano depends on what type of piano you’re looking at. However, if you want to learn how to play any type of piano, you’re going to have to open your wallet and get your money out!

Electronic pianos: The Economic Choice

If you’re just starting out, it’s recommended that you get a generic and versatile electronic or digital piano.

These are pianos at affordable price that you won’t be too bothered by if you eventually give up playing.

When it comes to pricing, you can find your first piano for between $100 and $200. In fact, there are some good Yamaha pianos in this range and you won’t need to pay for piano moving or for a piano technician.

These kinds of pianos don’t usually have as many keys or a quality sound but it’s technically all you need to start learning to play.

There are plenty of different ranges of electronic pianos and their prices go up to.

When it comes to top-of-the-range electronic pianos, you’ll be looking at spending at least $1,000.

These pianos are obviously for those doing more than just learning how to play.

It would be a good idea to know how big a piano is before buying one…

An Acoustic Piano: A Costly Option

I’m not going to lie, buying an upright piano or a grand piano when you’re just starting out seems highly ambitious.

If you haven’t even taken a single lesson yet, I wouldn’t recommend even considering buying an upright or a grand!

Keep in mind that the starting prices for upright pianos start in the thousands. Then you have to decide whether you want a spinet piano, console piano, studio piano, or a full upright piano.

Then there’s the different types of grand pianos you can get. A baby grand piano starts at about three times the price of an upright and the prices of a concert grand piano will probably make your eyes water! If these amounts scare you, why not consider getting a used piano?

If you’re set on buying an acoustic piano, then make sure you closely exam every inch of it. If you’re short on space, you should probably be looking at vertical pianos rather than grands.

Check second-hand websites (like craigslist) and the classifieds for “Piano for Sale” ads. Just make sure you see the piano you’re buying first, the pianos on these websites could be in any condition. Pay particular attention to the soundboard, the keys, and the pedals.

If you do buy an acoustic piano, you’ll probably need to hire piano movers to get it from the piano store. Piano tuning isn’t necessarily cheap. Then there’s all the extras you’ll need to buy: a piano bench or stool, metronome, lamps, tuners, etc. Don’t forget the cost of maintenance, either!

Just like electronic pianos, you need a cover to keep dust away and pay attention to the sound. However, acoustic pianos also need to be tuned at least twice a year just to keep them in tune.

To get the most out of your piano, you need to make sure it isn’t a financial strain. You need to choose a piano you can afford. The objective is to find the best piano for you, not the piano made by the best piano manufacturers using the richest mahogany. So make sure you keep looking for piano sales and make sure you’re up to date with all the latest offers.

Learn about essential accessories every pianist must have…

Additional Costs

Once you’ve found the right piano, you need to consider the additional costs and work out a budget for:

  • A piano teacher for piano lessons.

  • Books and sheet music to study.

  • Downloading piano music for a particular piece.

How much does a piano cost in terms of time?

Don’t forget that learning how to play the piano can take a significant amount of time.

Of course, saying that it “costs” time might give you a negative idea of the whole learning experience (which in itself is usually very rewarding).

Let me explain… When I say that learning the piano “costs” time, I mean that you need to spend time in order to practice.

You can’t just practice whenever you want. If you’re learning to play, you won’t always be sitting down, relaxing, and playing your favorite songs.

While there’s no set amount of time you have to sit down at the piano, you should spend at least 15 minutes playing whenever you do.

This is enough time to play a piece three or four times from start to finish. Or enough time to play four different pieces.

How much times does learning to play the piano take? The time it takes to practice playing the piano can also be costly. (Source: How Kids Can Earn Money)

If you only play during your piano lessons, then you know exactly how long you’ll be playing for. Whether it’s 45 minutes or an hour, you can decide this before you have the class. There isn’t really a maximum limit when it comes to classes.

Playing the piano can also be used to unwind. If you’ve had a hard day, sitting down at your piano and forgetting about everything else is a great idea. In this case, it doesn’t matter whether it’s for 15 minutes or 45. Your goal here is to leave the piano feeling calm and relaxed. You’ll soon see that playing the piano is can be really therapeutic.

Follow our advice for buying your first piano

What other costs should I consider?

Personal Investment

In addition to the time you invest, there’s also a personal investment involved. In fact, this cost is very similar to the time you’ll invest. When you think about investing in learning to play the piano, you have to push yourself.

This personal investment is how much you want to practice doing something like learning to play the piano.

You may reduce your time learning how to play by taking piano lessons online

So how can we measure this personal investment?

Others might notice it even before you do! A pianist who continues to play regularly will progress much more than someone who infrequently plays for long periods of time.

In the same way, a musician who regularly listens to pieces they want to play or often plays in front of their friends and family is personally invested in their new pursuit and will give their all to get better.

The joy of playing is an obvious sign of their investment. It’s an investment of energy and passion.

Long-Term Ambition

We never know where learning to play the piano will take us. We don’t ever ask ourselves “Where am I going with this?” until the day comes when we have to answer this question. This choice can be very costly in terms of your short-term and long-term plans for the future. Sometimes the line between an amateur and a professional is very fine.

You’re left with this choice: Am I going to continue practicing this instrument for my own personal pleasure or am I going to risk going professional with it? This choice can be costly.

It’s not the sort of cost you can work out in terms of dollars. Though it is a choice that will greatly impact your life. You have to be aware of the possible outcomes of your decision before you make it. If I can give you one piece of advice, always have a plan B. Keep something up your sleeve in the event it all goes it south.

Discover how to select your ideal piano...

So is a piano really that costly?

In short, yes. Economically, mentally, and in terms of time.

But don’t forget that playing the piano can be a leisure activity. That means that despite all these “costs”, by weighing up the pros and cons, there’s still many good reasons to start practicing.

You shouldn’t make your decision until you’ve considered everything and even maybe spoken to the people you know.

Once you’ve taken the plunge, you’ll probably forget all about these costs because you’re enjoying playing your piano too much.

The cost of playing the piano You have to love playing the piano, first and foremost! (Source: Wikitesti)

That’s what’s important: the joy of learning and playing the piano.

Find piano lessons throughout the UK on Superprof.

Also discover all you need to know about buying a piano…


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