Using ceiling height as a measuring tool to pick the proper crown molding height is a tip suggested by professionals. One inch of crown molding height for every foot of ceiling height is an appropriate ratio. The style of the home should also be considered--extravagant molding wouldn't fit a home with a rustic feel.
Use a miter saw with a fine tooth blade and cut into the finished face of the molding so that it does not tear-out. To lubricate the blade when cutting with a miter box, use candle wax or furniture polish. Unlike baseboard molding where the piece is on the flat side when being cut, crown molding is best cut with the flat side facing up because this will replicate the hollow spot that exists when the piece is set on the wall.
A hammer and nail are the best method for securing the trim; a pneumatic finish nailer can damage the trim. Nails should be inserted 1/4 of the way into the molding and then use a nail set to drive the nails into the remainder of the trim. Wood putty or caulk should be used to fill holes. Using fine finishing nails will also help prevent dents in the molding.
Many moldings come with a finish already on the wood, but some choose to paint the trim. Pros suggest painting the molding before securing it since it is easier to touch up once mounted. A latex caulk can be used to fill in any gaps on inside corners and outside corners; this type of caulk can also be painted.