The wonderful thing about drywall is its unique versatility - unlike prefabricated ceiling panels, once you've installed drywall, you can paint it in any color you like, meaning that you can realize the most whacky of your basement ceiling ideas, be they painting patterns or glow in the dark stars on your ceiling. On the other hand, drywall is quite a bit more complicated than ceiling panels when it comes to installation, and the time it takes to complete the installation of drywalling could span into months (as opposed to the mere weeks that ceiling panel installation is likely to call for). Remember when painting that the color you choose will have a very powerful impact on the atmosphere of the room. It's ideal to go for light colors, such as eggshell, peach or baby blue, as warm, dark colors, such as red or brown, will lend the entire space an oppressive feel - something claustrophobics really won't appreciate when they're already in a confined space underground.
Cloth ceiling covering is easily removed. This is a huge advantage to using cloth. In a maintenance emergency, being able to quickly remove the ceiling covering to make repairs could save massive costs. Repair problems getting progressively worse or collateral costs from gaining access to floor joists or overhead pipes and wires are eliminated by choosing a ceiling covering that is easily removed. In addition to maintenance, being able to remove the ceiling covering easily provides great customization of the area. A space that a 5 year old might consider heaven rapidly becomes an embarrassment when he or she grows older. Changing the space to reflect changing tastes is quick and easy when using a cloth ceiling covering.
The main thing to remember when doing your basement ceiling is to think about the way you're planning to use the basement. Who knows? You might just come up with a brand new idea of your own.
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