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1. A sofa
You can pick up a sofa from a mass-market retailer for less than $1,000, but chances are the construction won't be great, the fabric will start to wear and, before you know it, you'll be in the market for a new one.
"Major furniture items shouldn't be so disposable," says Janette Ewan, a decor and lifestyle expert in Toronto and a regular guest on "CityLine." Invest a little extra in a high-quality Canadian-made model and it'll last for 20 years or more.
2. A food processor
Anything that makes food prep easier is worth paying a little extra for. You can pick up a processor for just over $100, but you're better off spending a couple hundred dollars for one with sharper blades that will slice and dice a larger quantity and a diversity of items more quickly.
3. A mattress
"You spend a third of your life sleeping, so don't skimp on a mattress," says Ewan. "Spending on a mattress isn't glamorous -- it's sort of like getting your car repaired -- but it's completely worth it." Indeed, a good mattress supports your back, neck and legs. Expect to spend upward of $2,000.
4. Green appliances
Energy-efficient appliances cost more, but benefit both the environment and your pocketbook. Replacing your old fridge with an Energy Star-approved model could save you $100 a year.
Durable knives that retain their sharp edges make chopping a pleasure instead of a chore. You don't need a big, fancy set: One premium eight- to 10-inch chef's knife ($50 to $200) covers most kitchen jobs and saves you the hassle of replacing cheaper models.
6. A coffeemaker
Many of us think nothing of spending hundreds of dollars a year buying coffee every morning, so why not invest in a premium coffeemaker that will brew your java to perfection? For $100, your wallet will feel the difference, but you won't taste it.
|This story was originally titled "Investment Pieces" in the June 2012 issue. |
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