Camelback Sofa Redux Part I

I am the proud new owner of this carved sofa. It was my great-grandparents, and I like the lines of it, so reupholstering it is going to be my new pet project.
I am so excited that I hardly know what to do with myself. There are so many things to consider, such as:
1.) Do I attempt the reupholstery myself, or send it out to a professional?
2.) If I do it myself, should I try to wing it from reading how-to's, or should I take an adult education class in the area?
3.) If I get it professionally done, should I have it done in WV (current couch location) where it will be cheaper, or should I have it done in Richmond where it is more convenient?
4.) Can I afford to have it professionally reupholstered?
5.) Yikes, this is a serious investment, so the fabric choice needs to be something timeless but not boring.
6.) There is the matter of the two club chairs that don't necessarily "match" the sofa but which are currently uphostered to match it.

I was up all night thinking about this stuff people! yikes!

Here is a link to another blogger who just went through the same thing with her couch which she named "sophie".