I have drywall in my garage, Iím planning to put in pegboard to get some storage. Should I remove the drywall and mount the pegboard to the studs or just put in furring strips and mount the pegboard to that?
If you remove the drywall the garage would no longer meet fires codes.
Add some stips, 2 X 2's are cheap and take up less area where it would stop the pegs from going in.
Make sure to add some across the top and bottom first then the stips in between.