was popular 30 years ago, or the modern pressboard with a printed faux wood
layer? Nailed or glued?
Speaking in general terms- T&G, maybe, especially if it was only tongue
nailed. Open up an edge, probably by pulling the trim off a door, and start
gently poking around with flat prybars. You won't save all of it, but you
may get enough to make the labor worthwhile. Older sheet stuff, if it was
nailed only, you may be able to drive the nails through with a prick punch,
and come up with some reusable material. Newer 'fake' paneling was probably
applied with construction adhesive, and you are probably SOL for any
salvage. It'll come off in chunks.
Are you opening a wall to insulate/wire stuff, or are you stripping an old
house for reusable materials? Unless the stuff is absolutely drop-dead
gorgeous and/or you have lots of extra time you are turning into sweat
equity, expect to get quickly discouraged. Demo for reuse is a LOT more
labor-intensive than straight demo. I have done both. I'd go to the
lumberyard and cost out new equivilent material before you start- it may be
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