Congratulations! You’ve decided to invest in a serious accessory. (We know, it’s a decision you’ve agonized over for months.) But you finally have a little savings built up and you recognize that purses are actually a better investment than real estate. Before you trek to the closest Vuitton boutique, make sure you’ve read over these five points.

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investment bag vuitton
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Have a Firm Budget

Accessories prices vary wildly, taking quality, materials and (of course) the logo into account. And even though each brand has a range of its own, it’s best to know exactly what you want to spend and then find brands that have nice pieces within that ballpark. If you’re in the $1,000 to $2,000 range, look at brands like Céline and Proenza Schouler. In the $2,000 to $3,000 range, you’ll find great everyday bags from Balenciaga, Valentino and Prada. And if you’re balling out between $3,000 and $5,000, enjoy your Gucci, Fendi, Chanel or Louis Vuitton.

Get the look: Louis Vuitton ($3,650)

investment bag posen
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Take Your Lifestyle Into Consideration

Realistically, what will you be using this bag for? Are you in sales and need to make an instant impression? Are you running around all day and want a sturdy tote? Are you mostly going to use this for evenings and weekends? The answers to those questions might help you determine the size and shape of bag you’ll get the most good out of. Just be honest with yourself in the beginning. No one likes to see that much money just sitting on a shelf.

Get the look: Céline ($1,900)

investment bag chloe
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Buy From a Reputable Seller

You can score serious deals if you just do a little Googling, right? Eh, don’t risk it. The counterfeit market is a scary place, and you never really know what you’re going to get unless you purchase through the proper channels. You’re spending a significant amount of money here—don’t you want the Pretty Woman boutique experience to go along with it?

Get the look: Chloé ($1,850)

investment bag chanel
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Confirm the Company’s Repair Policy

When you’re dropping a few grand on, well, anything, you want to know it’ll be taken care of. For example, Chanel will repair bags years down the line (that’s why it’s worth the money). They just need proof of purchase from a Chanel boutique or authorized retailer. (But FYI, this doesn’t apply to the third-party resale market.) Just be sure to inquire with your salesperson, whatever brand you’re shopping. 

Get the look: Chanel ($4,700)

investment bag bottega
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Ultimately, Feel Good About Your Purchase

There’s something about fashion that can make us all inherently self-conscious. (Will my friends and family judge me for being too frivolous?) Think about the last car you bought. What if you tacked $5,000 on that sticker price? Would anyone notice? Point being: There are lots of ways people spend money. You’re making an investment that will keep you looking stylish every day for years. Buy it with pride—you worked hard for this. 

Get the look: Bottega Veneta ($2,200) 

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