Joint compound, also known as drywall compound, is the plaster of choice for most ceiling textures, including those in basements. The plaster comes in a dry form that is mixed with water, or in premixed buckets. Most drywall contractors use the creamy plaster product because the product is inexpensive. A five-gallon bucket of joint compound runs about $12, depending on location, according to 2011 prices at Lowes.com. Textures are placed over drywall and hide imperfections. The plaster also absorbs sound between the basement and the floor above.
Ceiling tiles are often made of foam or similar material. The tiles are placed in a suspended ceiling, where metal forms hold tiles in place. Ceiling tiles provide quick access to the entire pipe and electrical system. This is beneficial if a toilet or sink has sprung a leak. If additional electrical wiring should be put in place, ceiling tile can be removed quickly for easy access.
Smooth finishes are one of the most expensive ways to finish a ceiling. Still, it gives a clean and uncluttered look -- especially nice in basements, which often have lower ceilings. When speaking to a drywall contractor, ask for a level four or five drywall finish for your ceiling. The ceilings are more expensive because a high level of time and skill is necessary to ensure all seams are perfectly smooth. Joints, tape and edges require up to three layers of joint compound, resulting in additional working time.
Wood flooring can be used on the ceiling. Bamboo flooring gives a clean, modern look, and is a considered a green product because bamboo grows quickly. Other flooring woods, such as maple, hickory and oak, may also be used. Besides visual appeal, the wood flooring creates a sound barrier and does not require a perfect drywall finish for installation.