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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.

Reupholstering is often worthwhile for high-quality, antique, or sentimental couches, especially if the frame is sturdy. It can cost less than buying a comparable new piece and allows for customization, but may not be cost-effective for low-end furniture.

The average cost to reupholster a piece of furniture is around $720, with most projects falling in the $380 to $1,150 range. The final price can vary significantly based on several factors. These include the size and complexity of the furniture, the cost of the new fabric (which typically ranges from $50 to $70 per yard), and hourly labor rates (often $40 to $100 per hour). Additional factors that influence the price are the piece's current condition, its age, whether it needs other repairs, the number of pieces being reupholstered, and your geographic location.

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.