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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.

You’ll want to inspect your plaster walls for signs of damage before painting. If you notice soft spots, deep cracks, bubbling, or areas where the plaster is crumbling or pulling away from the wall, it likely needs repair. While small hairline cracks are common and likely cosmetic, you should address larger issues before painting to ensure a quality, smooth finish.

It's generally recommended to hang drywall on the ceiling first before moving on to the walls. This sequence allows the ceiling sheets to provide support for the vertical wall sheets. By attaching the ceiling drywall initially, you establish a solid framework to align and attach the wall panels accurately. This method ensures a seamless and sturdy connection between the ceiling and walls, resulting in a more professional finish.

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.