While Helgerson points out that you could find an adorable vintage sofa and reupholster it for under $2,000, for a serious statement piece splurge on a vintage piece. For this project, Baker worked with a vintage Knoll sectional from Coup d'Etat. “We reupholstered it in a Holland & Sherry fabric and added the piping detail, pairing it with a Madeline Weinrib rug, and two Marco Zanus Lady Chairs reupholstered in a reversed Hermes fabric,” says Baker. Beyond vintage, at this price point you can essentially design your own sofa, say Baker. “You can have complete customization, change the seat depth seat height, fabric choice, also the fill - you have the flexibility to coordinate your interior with the rest of your space and also elevate the sofa, adding more detail to make it more unique.”  Photo 5 of 5 in How Much Should You Spend on a Living Room Sofa?

How Much Should You Spend on a Living Room Sofa?

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A rare vintage Knoll sectional is definitely in the splurge category, but for this family of four in San Francisco’s Lake District ("She’s preppy Tory Birch, and he’s very Bauhaus '80s," says Baker), it was the perfect fit.