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where I have my drums and a few guitars, amps, etc.
COOL!
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I got a little "studio" myself.
I didn't realize you just needed a temporary drop cloth arrangement. Yeh, just hang the plastic till you're done with the finishing then take it down. As far as sound proofing. That's a real science! Fiberglass batts help a little and it's cheap so stuff all those joist bays with that. There probably is a type of ceiling material that can be installed over the sheerock that will also cut down on sound transmission but that's not my area of expertise.