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You should budget at least $300 for the cost of labor and talent, on top of the cost of material, but you can call your re-upholsterer ahead of time to get an idea of their charges. For the average sized couch, you can typically expect to pay around $700. Of course, this will also depend on the type of material that you use (for example, linen will cost much less than silk or velvet) as well as who you go to to have the reupholstering done. A large couch will run you close to $1,000 and a small loveseat will typically be around $450.
The fabric that you decide to use will make a big difference in the price of reupholstering. Very tough, durable fabric will cost more than a run-of-the-mill type of fabric. Fabric usually comes by the yard. A typical couch takes about 15 yards of fabric to cover, and an average loveseat takes about 10 yards. Good quality fabric will run approximately $25 to $30 per yard. Some fabric can even run as high as $70 per yard.