What to do about this wood paneling?
Just bought this 1919 home and I've got some issues to deal with I can tell you. I guess you could call this a fixer-upper. Damn, I didn't think I was gonna do that again.
Okay so here's a link to some pic's (I'm new so you'll have to cut and paste)
What I'm looking at right now is that the dining room, front hall, living room, den are ALL covered with this real wood paneling (as opposed to the stuff with a picture of wood glued over some thin plywood). Oh and the ceiling is done in this lightweight (like compressed fiber stuff with a stamped "wood grain" effect) tongue & groove (I assume) paneling stuff.
Right so the walls are traditional wet plaster but the substrate isn't lath it's origional "dry wall" (a 3 layer plaster sandwich). Needless to say I don't really want to take down the wood paneling and "patch" / "rebuild" the walls and I sure don't want to just paint the paneling "as is".
I've read some stories about people using drywall mud to fill in the grooves but that just sounds like a ridiculous amount of sanding and building and sanding to deal with. What about using a sandable painters caulk to fill the grooves?
My labor might be "free" but we're taking about 2,033 liner feet of grooves to be filled in and smoothed!!! Am I out of my mind and should I just order up a bunch of 1/4" drywall and put it up over the existing finish?
As for the ceiling... I put a little j hook up to hang a lamp and have a very strong feeling that they put up something like 1/2" furring strips to mount the stuff so the removal should be quite straight forward. At that point I could assess how bad the ceilings are and if I just need to put drywall up over them or repair the cracks etc.
I welcome your thoughts and suggestions.