The cost and trouble of replacing an old basement banister rail might not be worth it considering it’s just for the basement, but getting splinters while going up/down the stair is really annoying and painful.
I found a simple solution. I took a left over roll of wallpaper border from one of my many home improvement projects and turned it into a banister rail cover.
Simple how to instructions:
Follow the wallpaper border installation instructions, but apply the wallpaper to the basement handrail instead of the wall.
In the photo my daughter is holding up a leftover piece of wallpaper border next to the repaired handrail.
This project has held up for five years and counting; is cleaner than paint (which tends to get ugly with continual handrail usage) and has a design that looks great for a basement banister. And most important: Zero Splinters!