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Level 4 is the most commonly used drywall finish for visible interior walls. Finishing the drywall to Level 4 rovides a smooth surface ready to be painted with flat paint. 

Level 2 and 3 finishing are also common, particularly on walls that will get covered.

It’s a pretty good idea to have drywall corners, also called drywall beading. Drywall is a pretty brittle material and corners tend to be rubbed up against it often. Rather quickly, the edges will start crumbling and you’ll need to replace the entire panel, or add beads on top and repaint the wall. Drywall beads—which are inexpensive—provide long-term support for the drywall and protect your investment.

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.

Beadboard is a decorative element and lacks the structural integrity of drywall. It cannot hold much weight and is not meant to be used as an insulator or moisture barrier, like drywall is. In almost all cases, beadboard is placed over an existing wall surface which, in modern days, is usually drywall, but decades ago could have been wood paneling.