La-Z-Boy is not the same quality of years past.

I do not see you getting anything durable for $1500... sorry.

I would be so unhappy with a sofa lasting only 5 - 7 years!
My family room one lasted for 19 years (with kids!) and the current one in there is 5 years and going strong.
My living room one is well over a decade old and we expect it to last our lifetime.

Another option is to obtain a high-quality piece with good frame, springs, and padding and have it custom re-upholstered with your choice of fabric.

White it won't save much money over a "5-7 year" sofa, you'll get a much more comfortable and longer-lasting sofa.

My sofa is 30 years old! I did have it reupholstered about ten years ago. It looks great, is comfortable, and works well with my other furniture. I'll definitely re-upholster it (again) before I replace it. Granted, fabric and labor are not cheap.

My kids were 4 and 6 when I purchased it, and we have had dogs through the years. I didn't let the two-footed kids or the four-footed ones jump on it or spill on it, but it has been used. It has never been in one of those living rooms that is never occupied.

I have seen some fabulous sofas for reasonable prices at nice consignment shops. You might think about that possibility.

Even a 4K sofa isn't that well made anymore. But, if you get 15 years out of it, that's still cheaper than paying 1.5K for lesser quality every 5 years. The only way to get something decent for 1.5K is to find a CL bargain and learn to upholster yourself. Paying for a professional reupholstery job with good quality fabric will still likely cost more than your budget.

My current living room furniture is 18 years old and is a comfortable as it ever was and is structurally in great shape but is really starting to look shabby. A quality piece can last a very long time. I would consider looking at Smith Brothers of Berne for quality at a reasonable price. It is the manufacturer that I am going with in my new living room makeover.