Average Cost of Furniture Restoration
The average price to restore a piece of furniture is about $580. Most homeowners spend between $300 and $900 to restore parts of their furniture. As a high cost expect to pay from $1,400 (if you do it yourself), and up to $3,000, and maybe more.
Profitability of Furniture Restoration
The best way to turn a profit on furniture restoration is to source your pieces at a low cost. Most furniture flippers will make anywhere between $50 to $500 per month but some of the best have been reported to make over $15,000 per month with this hobby turned business.
Importance of Refinishing
Wood furniture made between 1850 and 1960 are ideal candidates for refinishing. Average cost of refinishing furniture ranges from $100 to $2,000. New furniture of good quality should last you for years. Refinishing a piece of furniture does NOT decrease the piece’s value.
Tips for Profitable Furniture Restoration
To make high profit margins, research on furniture that will resell quickly and look for these. Also, look for pieces that don’t require a lot of fixing to reduce the amount of time you’d spend working on them.
Can You Make Money from Old Furniture?
You can make extra money just by flipping old furniture or selling used furniture that you don’t need. If you are like most Americans, we hang on to our furniture rarely getting rid of it until it is time to move houses and even then, most older pieces are only moved to the basement where they are out of sight from guests and visitors.
Ways to Make Money Off Your Old Furniture
1) Sell it on Facebook Marketplace or Craigslist
2) Refurbish it yourself if you’re handy
3) Trade or barter it for something you want
Pricing Recycled Furniture
Typically, used furniture is sold at a 70-80% discount of its original price. If you’re good with your hands, recycling old furniture can be a fun and profitable hobby. Furniture upcycling can become a full-time job once you figure out how to sell your finished pieces.