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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.

The cost to repair leather furniture typically ranges from $100 to $400, with an average of around $250. A minor repair, such as a small scratch or tear, may cost between $100 and $150. However, larger, more complex repairs, including total reupholstery, can cost $4,000 or more. The final price depends on several factors, including the type of repair, the extent of the damage, the quality of the leather, the furniture's build and maintenance level, and whether additional repairs are needed for the structure or padding. A leather repair specialist can provide a precise estimate based on your specific project.

If you’re looking for a reputable furniture repair company, the best-case scenario is getting a referral from a trusted friend or family member. However, you can also ask local furniture repair companies about the following points to determine their experience and quality of work:

• Warranty for structural repairs

• Positive online reviews and Better Business Bureau (BBB) ratings

• Number of years of experience

• Specific expertise with fixing your type of furniture 

• Ability to carry out on-site repairs to avoid damage during relocation

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.