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Whether a drywall anchor can be reused depends on its material, type, and the method of removal. Plastic anchors, including expansion and self-drilling types, are generally designed for single use as they tend to break or deform upon removal. Metal anchors, such as toggle bolts, are more durable and may be reusable if they are not damaged during extraction. However, with toggle bolts, the toggle piece can fall into the wall cavity when the bolt is removed, making it difficult to retrieve. If an anchor is damaged during removal, for instance by having its head cut off, it cannot be reused regardless of the material.

To hide drywall edges, you need to properly apply drywall tape and multiple layers of joint compound. These materials hide the seams between drywall sheets and fill the holes from drywall screws, leaving behind a smooth, flat finish to paint over. Apply joint compound smoothly, and finish the job by sanding the walls to make sure you fully hide drywall edges and other imperfections.

Yes, it is possible to rewire a house without removing the drywall, but this doesn’t work in all homes. You can pull out old wires and insert new ones if you have access to the wiring system via the ceiling or through a crawl space. Some pros can also use a magnetic kit to fish the old wire out of the wall through a hole cavity and install the new wires. Just keep in mind that doing this is less stable than removing drywall, as you won’t be able to staple the wires into the framing.

When choosing materials for finishing basement walls, consider factors such as moisture resistance, durability, and fire resistance. Opt for materials specifically designed for basement environments, like moisture-resistant drywall or cement board. Insulation with vapor barriers can help regulate temperature and prevent condensation. Consider using mold-resistant paints or coatings. 

Research and consult with experts to select materials that are suitable for your specific basement conditions and intended use. Prioritize quality and compatibility to achieve long-lasting and aesthetically pleasing results.