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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.

Wood furniture is usually vulnerable to water damage. However, larger furniture tends to have a high chance of being salvaged as long as it hasn’t been standing in water for more than 24 hours. You can restore bedpoles, table and couch legs, and other wood parts that haven’t been fully saturated. Meanwhile, smaller objects like decors or furniture with fabric wrapping may require full replacement.

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.

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.