Removing ugly wall paneling vs. painting over

[Orlando Paz]

While looking at the fixer upper homes that are in the market, often times I see rooms that are wall to wall 1970’s style paneling. I was wondering how some of the rehabbers out there, are handling this common type of outdated eyesore (sorry if I’m offending anyone). Removing it, appears to be expensive. I could be wrong on this. Would painting over the paneling be recommended? any thoughts and experiences are appreciated.