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One of the biggest downsides to peel-and-stick wallpaper is that it doesn't last as long as traditional wallpaper. Its lifespan depends on several factors, including the quality of the paper, proper wall preparation and application, and the room's conditions. As a general rule, peel-and-stick wallpaper can last for at least five years, but this can vary significantly. Budget products may only last about 3 years, while higher-quality products can stay up for 7 years or more in ideal conditions. Factors that can shorten its lifespan include high humidity (such as in a bathroom), dirty walls, and low-quality paper. If used on flooring, expect it to last only 1 to 3 years unless sealed. However, the shorter lifespan can be seen as a positive, making it a great choice for people who enjoy switching up their interiors more frequently.

While peel-and-stick wallpapers require no time to cure, the adhesives for other types of papers will take a day or two to dry and up to three weeks to fully cure. The differences are the type of paper, the type of adhesive, and the humidity and temperature in the space. 

Putting up new wallpaper tends to take one to two days, depending on the size of the area, whether old paper needs to be removed, and if there is any damage to walls that needs to be smoothed over or fixed.

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.