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Whether to repair or replace water-damaged plaster depends on the scale of the damage. For small, limited areas, you can often perform a repair yourself. If you choose to paint over small patches, ensure the surface is completely dry and apply a coat of antifungal primer first to prevent mold growth. However, simply painting or plastering over the damage is only a temporary solution that doesn't address the core problem. For more extensive or long-term damage, the plaster may be compromised, and there is a risk of mold. In these cases, it is recommended to remove the damaged section of plasterboard and replace it. You may consider hiring a professional for the repair, and it's worth noting that water damage is often covered by home insurance.

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

Plaster is a pretty tough surface, but it can still sustain damage from things like bumping against it, water issues, dampness, extreme humidity changes, and plain old age. Most plaster walls last hundreds of years and will only be taken down to the base layer when major repairs are required. Being cautious around the wall, not placing furniture against it, and ensuring stable humidity are all great ways to reduce possible damage.

While a normal moisture level for drywall is between 5% and 12%, replacement is recommended if you get consistent readings above 17%. At this level, the drywall is likely too compromised by extensive moisture damage to be considered safe. You can replace either the entire sheet or just the affected section. If you are unsure after a visual inspection, it is best to have a contractor or water restoration provider use a professional moisture meter to get an accurate reading.