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For maximum stability, install grab bars on wall studs, as this will adequately support the weight. However, if you don't have access to studs, you can get by with wall anchors. If opting for the latter, choose specialty hollow wall anchors. 

Yes, wainscoting is installed directly over drywall. However, ensure the drywall is in good shape since it will support the wainscoting. If the drywall has issues, such as holes, mold, or mildew, repair them before installing the wainscoting. Alternatively, you can install a plywood substrate before attaching the trim.

Plaster is denser, harder, and more porous than drywall, so it absorbs moisture differently. This means you’ll often need more prep work, such as thorough sanding, patching, and priming with a high-quality bonding primer. Additionally, you may need more coats of paint to achieve even coverage. While the process takes more time, it helps ensure a durable and professional-looking result.

Whether Venetian plaster increases your home's value often depends on the buyer's preference. As a purely aesthetic upgrade, it doesn't add structural value in the same way a kitchen or bathroom remodel might. However, its beautiful and attractive appearance can make a home more appealing to potential buyers, possibly leading to more interest, higher offers, and increased competition when you sell.