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Wall panels offer functional and aesthetic benefits. From a practical standpoint, panels can improve your home's insulation and energy efficiency, especially if you opt for solid wood panels. They can also help protect your existing wall.

Aesthetically, wall panels have a knack for adding dynamic texture, warmth, and sophistication to a room. And thanks to their many different shapes, sizes, and styles, wall panels can elevate a wide variety of home designs.

Finally, it’s relatively easy to cover wall panels, so you have some flexibility if you end up not liking the look over time.

Once again, contact with moisture is the culprit here, though water-resistant varieties of wallpaper are less likely to become wet and develop mold. Using a high-quality exhaust fan or dehumidifier and leaving the doors or windows cracked after bathing will keep this issue at bay. 

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.

You should be aware of the current wallpaper and interior trends before hanging it, especially if you are planning on selling or listing your home soon. Do people in your market tend to prefer bold designs and accent walls, or does having a simpler print all over seem like a better idea? Lastly, you want something that appeals to your aesthetic preferences; hanging wallpaper is an investment of your time and money after all.