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You should wait at least 24 hours for drywall mud to dry before sanding or applying another coat. However, the exact drying time depends on several factors, including the thickness of the application, room temperature, humidity, and the type of compound used. Thicker layers, or projects in high humidity, may require 48 hours or more. Lightweight compounds tend to dry faster than heavier, all-purpose ones. You'll know the mud is ready when it feels completely dry and firm to the touch and has changed to a consistent light color. Sanding too early can cause smudging or gouges, so patience is essential for a smooth finish.

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.

Drywall insulation costs around $1,800, on average, but prices can range from $500 to $4,500, depending on a few different factors. The following things are important considerations to make when pricing out your insulation project:

• Square footage of insulation

• Type of insulation 

• Climate in your area and the insulation R-value required

• Whether or not your walls are already finished

• Accessibility of the area 

• Whether or not you need old insulation removed first

Certain drywall textures, like sand and sometimes popcorn, can be smoothed by applying skim coats, sanding the walls, or chipping away the texture. However, it’s worth considering removing the texture and starting with a blank canvas. Smoothing textured walls requires a lot of sandpaper and elbow grease and can take longer than just outright removing the texture.