A lot of factors come into play in making this decision. It depends mostly on your particular circumstances. The cost and aggravation could be more either way, depending on several factors involved in each case scenario. Let's take a look at some of the things to consider.
One of the first things in determining the course to take is deciding if you really want to keep the existing tub? If it is an old antique, like a clawfoot for instance, the sentimental value or the preference for antiques will probably be reason enough for refinishing. But if you're just weighing the difference in cost and time there are other things to consider.
How the tub is situated in the bathroom will determine how much time and money it will take to either replace or refinish. You have to estimate the amount of damage that will occur if you want to replace. How much of the work can you do yourself? What will have to be done by a professional in regard to the tear-out and installing the new tub? The cost of the new tub, the cost of the contractor, material disposal, and any other material cost will have to be added up and compared against the cost of refinishing.
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