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Not always—heavily worn or broken furniture often isn’t worth repairing or refinishing (if it’s even possible). While some damage can be repaired and some of the visual appeal restored, major flaws, such as structural issues, can’t be fixed as easily. If you still want a cost-saving furniture refinishing project rather than purchasing all new, consider shopping for similar secondhand pieces at thrift stores, garage sales, and estate sales.

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 usually worth repairing leather furniture, as it tends to retain its value, provided you care for the material. A typical repair for leather furniture will cost about $250, which is significantly more affordable than replacing the furniture entirely. Even if you spend toward the upper end of the typical cost range for a full reupholstering—around $4,000—you’ll still save money over replacing it. Of course, the quality of the leather and the piece of furniture matters. Consult a leather repair professional about whether it’s worth repairing your leather furniture.

Ongoing maintenance of your leather furniture is the only way to prevent it from peeling and cracking. Real leather will peel and crack as it dries out. Leather conditioners are a great way to protect your leather furniture from drying out, and you’ll need to apply it about twice each year. It’s also a good idea to keep abrasive materials away from your leather to prevent cracking and peeling, including belt buckles, shoes, and multi-surface cleaners, especially those that contain alcohol.