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It is often worthwhile to refinish or restore furniture, especially for high-quality, older, antique, or sentimental pieces. Older furniture tends to have better durability than modern, mass-produced items, and refinishing can cost about one-third of the price of replacement. To determine if it's cost-effective, compare quotes from local refinishing services with the price of a new, similar piece. Refinishing can refresh a piece's look and extend its lifespan. However, it may not be worth it for newer furniture made of medium-density fiberboard (MDF) or plywood, or for items with major structural damage. A professional can help you assess the piece and decide on the best course of action.

Costs depend on fabric choice, furniture size, cushioning, and labor. For significant projects, expect estimates between $350 and $1,200.

It is possible to reupholster directly over old material in some cases, and it can save you a bit of money. If you are going to go this route, make sure you use a darker color than you had previously. Otherwise, you might see the old fabric beneath the new material. You should also keep in mind that reupholstering over old material is only possible with certain materials. For example, reupholstering over leather usually isn’t possible. You can ask your professional to see if this is an option for your piece.

When deciding whether to repair, reupholster, or replace old furniture, consider its age, quality, level of wear, and overall value, including sentimental attachment. In many cases, it is more affordable to reupholster or repair furniture than to replace it, especially for antique, vintage, or discontinued pieces.

Older furniture is often made from durable hardwoods like oak and maple, giving it a longer lifespan than newer furniture, which frequently uses lower-quality materials such as plywood or medium-density fiberboard (MDF). Because of this, repairing or reupholstering a well-made older piece is often a worthwhile investment.

To determine the best course of action from a financial perspective, compare quotes from local furniture repair services with the price of a new, similar piece. Reupholstery may not be cost-effective for furniture that was originally inexpensive (e.g., under $300). For high-quality or sentimental items, however, it is an excellent way to preserve the piece and extend its life. If you're unsure, a furniture reupholstery specialist can help you evaluate the piece and make an informed decision.