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Choose a drill bit that is the size of the screws of the anchors you will use. You aren’t drilling through metal or concrete—hopefully—so any standard twist, wooden or all-purpose drill bit will work fine. It’s also important to have a screwdriver capable of drilling through the drywall and into the stud. The good news is most available drills, even the older ones, can do this with no issue.

Yes, drywall can hold a 50-pound TV. However, when mounting a TV, you’ll either need to attach it to wall studs or use drywall anchors. If you use anchors, make sure to buy a type that can hold at least 50 pounds. Molly bolts, threaded anchors, and toggle bolts are all good options. For extra support, you can also install a wall mounting plate with the anchors.

On average, drywall installation costs around $2,000, with a typical range of $400 to $6,000, including materials and labor. The final price depends on several factors. The most significant is the size of the area, as many contractors charge per square foot. Other cost factors include the complexity of the job (e.g., cutting around multiple windows and doors, corners, or curved walls), accessibility, location, the thickness of the drywall, the height of the room, and the desired level of finish. The level of finish can range from simply hanging the drywall to taping and mudding the seams and painting the walls.

How you hang the drywall can affect the finishing process. It's often easier to finish horizontal drywall panels, as the seams run across the wall rather than up and down. Standard drywall panels are 48 inches wide, so the seam is easy to reach without bending down or stretching your arms.