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Drywall can get wet and dry out without sustaining permanent damage, but only if the water damage is minor. If you have a small leak and are quick to correct the issue and set up blower fans and dehumidifiers, your drywall should dry out. If the leak is persistent, the drywall becomes totally waterlogged, or mold begins forming on the drywall, you should remove and replace it.

The amount of drywall you need for a 1,000-square-foot basement depends on the ceiling height, angles, number of doors and windows, and more. To find the wall square footage, multiply the width and height of each wall, minus any gaps from windows or doors, and add the totals together. You’ll also need enough drywood nails or screws to install the drywall correctly.

Installing drywall will cost between $1.50 and $3 per square foot for materials, labor, and finishing, which is quite a bit lower than the average of $9 to $13 per square foot for a drop-tile ceiling. So, while drop ceilings allow more design flexibility, provide easy access to utility lines above them, and are often much easier and less expensive to repair, they do cost more upfront. You can minimize your drop ceiling cost by opting for more affordable fiberboard panels, although some homeowners don’t like the look of this material.

Drywall can be installed directly on ceiling joists. In fact, this method is common in many construction projects. Drywall sheets are attached to the joists using screws, ensuring a secure and stable installation. Before attaching the drywall, it's important to mark the joist locations on the ceiling, allowing for accurate screw placement. Proper spacing between screws and careful taping and mudding of joints are crucial to creating a smooth and flawless ceiling surface. If the joists are in good condition and level, installing drywall directly on them is a practical and efficient approach.