Whether to use oil based paints or water based latex paint is often a matter of personal preference. Most people I know use latex paints. Here's a look at the advantages and disadvantages of each type of paint:
Advantages of oil based paints
- More durable than latex
- Better stain hiding capabilities
- Adheres better to difficult surfaces such as dirty and/or metal surfaces
- Ideal for high traffic areas
Disadvantages of oil based paints
- Strong odor during application
- Difficult cleanup- you need to use mineral spirits turpentine instead of warm soap and water used for latex paints
- Both paint and cleaning materials are flammable and more difficult to dispose of (legally)
- More expensive than latex paints
Advantages of water based (latex) paints
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- Easy cleanup
- Dry much quicker than oil based paints
- More resistant to fading, blistering, and chalking than oil based paints
Disadvantages of water based (latex) paints
- Finish is less durable than oil based
- Susceptible to stains
- Does not adhere well to dirty surfaces
Additional paint resources
See books on interior painting at Amazon.com
How to pick a paint color
How to pick a paint finish
 
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