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Depending on the quality of the leather, this type of upholstery can last anywhere from 5 to 20 years. The more time you invest in the care and protection of the leather, the longer your leather furniture is likely to last.

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.

You can make your dining room look more expensive using one or more of several methods. If you're remodeling, you can consider raising the ceiling height, installing an elegant chandelier, or redoing the floor. For smaller renovations, consider changing the paint color to a deep and rich tone, such as burgundy or emerald. You can also swap out the table and chairs to achieve a richer appearance. 

It is generally worth repairing leather furniture rather than replacing it, as it is typically more affordable and the material tends to retain its value. A typical repair averages around $250, which is significantly less than the thousands of dollars a replacement could cost. Even a full reupholstering, which can cost up to $4,000, may still be more economical than buying new. With proper care, repaired leather furniture can last for many years, making the investment worthwhile. However, if the underlying structure or frame of the furniture is damaged or malfunctioning, replacement might be a better option. The quality of the leather and the furniture piece are also important factors. For a definitive answer, it is best to consult a leather repair professional to assess your specific situation.