Wood paneling, properly treated, can also last for decades, especially if you treat it properly. However, you will need to inspect wood paneling for rot or mildew regularly and take the time to treat it, clean it, and ensure its health. Wood is incredibly flexible. Not only does it come in a variety of colors and types, but you can get it in a few attractive styles. However, this is also true with facades which come with little to no risk or upkeep.