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There shouldn’t be any gaps between your walls and ceiling. These can be fixed with joint compound but that is only a fix, and it’s much better if your drywall fits correctly in the first place. Sometimes gaps can appear if your foundation shifts significantly but if this is the case, you have a much bigger problem than patching drywall.

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.

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.

A post-drywall inspection could uncover many problems that weren’t present during the pre-drywall inspection, including insufficient insulation, missing weather stripping, improperly installed plumbing and lighting fixtures, flooring damage, drywall damage, plumbing leaks, aesthetic issues, and more. Structural problems, which are often expensive to fix and are common reasons to walk away after a home inspection, are easier to see before the drywall goes up, but a post-drywall inspection may highlight minor issues with house settling and foundation problems.