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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.

Regularly inspect older furnishings for scratches, dents, sun damage, tears, or insect infestations in upholstered objects. These are all signs that an object needs to be repaired, and tending to them sooner rather than later will ensure they don’t worsen with time and eventually require more costly refinishing.

Whether the leather repair is worth it depends on the extent of the damage, the cost to repair, and the value of the leather item. If the leather is part of an item that’s very expensive to replace, then attempting to repair it may be worth it. Also, if the leather piece holds great sentimental value, it’s worth restoration or repair, if possible.