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The average cost to remove wallpaper is $790. The final price tag depends on the size of the room and the complexity of the project, and can range from $200 to $2,000. Usually, removing peel-and-stick wallpaper is on the lower end of the cost scale, as it doesn't require special tools to remove.

Painting over wood paneling is an option that can save you money and time. However, if you go this route, the style and texture of the wood you paint over will still be evident. Painting over paneling is an excellent way to modernize an otherwise outdated aesthetic. Instead of removing wood panels, consider painting them a bright color–like white or ivory. This is essentially wainscoting, but without any of the required installation. 

The pros of wallpaper include its durability and longer lifespan than paint, as well as its versatility. The durability can translate to lower long-term costs for upkeep and replacement, and the versatility means you have more options for customizing rooms in your home. Some downsides include that it’s difficult to remove, it’s not ideal for rooms or areas exposed to high moisture content or sun exposure, and it’s tricky to install. A professional wallpaper hanger can help mitigate these issues, though, by installing it properly and in areas suitable for wallpaper.

You’ll need to wash the walls to remove wallpaper adhesive residue after removal as part of the prep process for painting or rehanging wallpaper. Old adhesive can cause texture issues and prevent paint or wallpaper from adhering properly to the wall’s surface.