The two main factors to consider when deciding whether to repair or replace furniture are the cost of repairs and replacement and the item's sentimental value. In most cases, you’re better off replacing a piece of furniture if the cost of repairs is more than, equal to, or slightly less than the cost of a new one. However, if a piece of furniture has great sentimental value to you or your family, it’s worth repairing, even if it might be less costly to replace.