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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.

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.

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.

Reupholstering an old or antique chair can be worthwhile if the frame is still sturdy and the piece has sentimental or monetary value. Reupholstery often costs less than buying a high-quality new chair, and you can customize the look. However, extensive repairs or rare fabrics may increase the total cost.