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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.

On average, the cost to reupholster furniture is about $720 per piece. However the price range to upholster a piece of furniture varies widely from about $380 to $1,150 or more, depending on the material type and availability, repairs needed, and the complexity of the project. Fabric costs typically range from $50 to $70 per yard while the cost of labor runs from $40 to $100 per hour.

The time to reupholster a couch often ranges from one to three weeks, depending on the upholsterer's workload, fabric availability, and the complexity of your couch. This breaks down between 10 and 20 hours if you hire a professional, or 20 to 40 hours if you DIY. Custom features or repairs may extend the timeline.

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.