Your questions are complex, but I think they boil down to fear and feel; fear that you won't get enough of your money back when you sell and upgrade, and feel of the piano that you obviously like best (the Steinway).Now, I wouldn't agree that "the Yamaha will be worth almost nothing" in five years, but it's almost a given that the Steinway will hold its value. And you like it best and it sounds like it's in your price range, so... haven't you answered your own main question? Good Luck!BrucePS - If you're not afraid to get into refinishing, maybe you can make the Steinway look better by the time you'll be able to upgrade.
I agree that the Steinway will retain a greater value on the market but disagree that it will last 125-150 years. They are made of wood, felt, glue and metal like any other piano. It is at the mercy of its environment and needs regular care, maintenance and repairs just like any other piano. They are however designed better than many other pianos and will perform quite well if well cared for. Don't believe everything a salesperson tells you. He's making a hefty profit on a 90 year old piano.
My main concern is if the Stweinway will last me those 10-15 years, actaully :-)
Yamaha made a mod T121Ford made a T modSteinway made V and KNo T as far as I know.
I always go with Yamaha. If the tinny sound is an issue, a good replacing of the strings will take care of that. Mapes Co. out of TN make very good sounding strings. Yes Yamaha verticals are capable of sounding a bit off but most verticals do no matter what brand to me. As you know, the longer the strings the better the sound. For this reason, and some others, always go with a grand. IMHO...
My concern over age would be more about age of design and total piano weight. Old uprights designs can be heavier than a baby grand. A worn out Steinway will sell for a lot more (2x) than an equally poor Yamaha. If you are only paying say 30% more than the price of an unrestored Steinway, then you are reasonably confident of your worst case losses.
I am not sure i understand the last thing you've written. Could you rephrase?
A Steinway needing restoration usually has resale value (repair cost is less than value of restored piano). Try and figure out how much this piano would be worth today if it needed extensive restoration, and was unplayable, or close to it. Say 1800. The figure of 1800 inflation adjusted, might give you the value of the piano, hopefully very worst case, in 15 years time. You can't do these sums with a Yamaha, as it is cheaper to buy a 2 yr old one than fully restore the piano.
It all comes down to personal preferences...
Please, upload some photos of the piano! Both ex- and interior.
You might not like this but to me that sounds on the tinny side.......sorryIMHO tho...