What is the best way to give a Paneled basement a fresh updated look?
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If you do not want to remove the paneling, paint or white wash it
Hi Katy. You can paint the paneling a white or off white color and add a chair rail. This would brighten the room up.
Paint it, it makes a huge difference! Here's a link to mine:
https://theapplestreetcottage.blogspot.com/2015/01/white-is-bright.html
Spackle the grooves in the wood, lightly sand, then paint or wallpaper. You could also use fabric such as burlap & apply to wall with starch.
Here are some options for you!
https://www.housebeautiful.com/design-inspiration/home-makeovers/g2624/wood-paneling-makeovers/
https://www.pinterest.com/explore/wood-paneling-update/
http://homeguides.sfgate.com/make-wall-wood-paneling-look-modern-60464.html
You can simply paint the paneling or cover with sheet rock and start over essentially.
filling in the grooves is a great idea, inexpensive but time consuming, after that lightly sanding. From there you could wallpaper, paint, maybe a mural to draw the whole room together with a common theme.
Panelling can be painted. You can fill in the lines first but it is a lot of work, but does look good after it is done. You will need a wood filler because spackle sometimes cracks. You will also need a good primer such as Zinsser Bullseye1-2-3 Primer which can be tinted to your finish coat color and then apply your final coat.
Paint
Thank you, Katie, glad you like it! If you get a chance, head back to my blog and see what we did to the side porch.
Wipe down with TSP. Prime with Kiltz. And then paint. I would leave the lines. My brother painted his and it looked really great.