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You can put drywall mud over paint to even out the surface or entirely resurface it. Sand the surface with 280-grit sandpaper, vacuum the debris and dust with a shop vac, and clean it with a slightly damp cloth. Allow the surface to dry. Apply drywall primer, especially if you’re skim-coating an entire wall. Apply the right type of drywall mud over the surface and smooth it with a trowel. Allow the layer to cure fully, then sand it before applying another layer or painting it.

You can usually tell if you have plaster or drywall by touch (plaster is harder, colder, and smoother than drywall) or by tapping on it (drywall sounds hollow, plaster does not). If you still cannot tell, peek under an outlet cover and check the cut edges. The rough edges show the composition of the wall. You will see either drywall (two paper sheets sandwiching gypsum material) or only plaster material (no paper sheets).

Drywall insulation costs around $1,800, on average, but prices can range from $500 to $4,500, depending on a few different factors. The following things are important considerations to make when pricing out your insulation project:

• Square footage of insulation

• Type of insulation 

• Climate in your area and the insulation R-value required

• Whether or not your walls are already finished

• Accessibility of the area 

• Whether or not you need old insulation removed first

In most cases, plaster repair will improve your home’s energy efficiency because a solid barrier of the insulative material helps keep conditioned air inside your home. Major plaster repair jobs like repairing large cracks or crumbling sections of plaster or applying a skim coat might make a noticeable difference in your heating and cooling bills. Not only can plaster repairs improve efficiency, but they can also reduce strain on your HVAC equipment, potentially saving you money on maintenance and repairs.