I purchased a home built by the owners in 1948. The Living Room is paneled in heart redwood. After much consideration I decided to honor the style of the previous owner and try to keep the paneling. With age, the paneling has aged in some places but areas under pictures, etc., are lighter and noticeable. In other places, someone filled nail holes with a putty-type material that has not changed color with the paneling. I'd like to remove the more obvious imperfections in coloration.
How do you refurbish the paneling? A light sanding followed by a coat of clear Watco Danish oil was advised.