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It’s less costly to drywall a fireplace than shiplapping it since material costs are higher for shiplap. However, if you’re DIYing the project, shiplap is less expensive since you won’t have to pay for labor. With drywall, getting a smooth finish is difficult unless you’re a pro. Shiplap is ideal for an accent wall or unique space, such as around a fireplace, since it adds texture and gives off a cozy vibe.

The two most common types of drywall are ½-inch and ⅝-inch thick white or gray drywall. Most walls are ⅝-inch thick because the drywall is slightly more resistant to damage and it helps dampen sound considerably. It’s also much heavier, which is why most ceilings are ½-inch thick. There are special use cases where you want to use ⅝-inch thick drywall for ceilings, such as between a garage and living space, and the ceiling above a finished basement.

Furring strips, thin strips of wood or metal, are not always required for ceiling drywall installation. If the ceiling surface is even and in good condition, drywall can be directly attached to the ceiling joists using screws. However, furring strips become essential when dealing with irregular surfaces or when additional insulation or soundproofing is needed. They create a level substrate for attaching the drywall. Ultimately, the decision to use furring strips depends on the condition of the existing ceiling and the specific requirements of the project.

It is less expensive to install a drywall ceiling. Drop ceilings are generally more costly to install than drywall, but they're also easier to install. Drywall sheets are heavier than drop ceilings—weighing in at about 60 pounds each—so if you hire a pro, they may charge a little more for labor. You should also factor in paint costs for a drywall ceiling. The least expensive drywall ceiling option is the standard, smooth variety.