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In most cases, no, you won’t need a permit to replace drywall. If you’re changing the floorplan of your home by adding or removing walls during the drywall project, then you might need a permit, but replacement or repairs usually doesn’t require a permit. Your drywall professional should be able to confirm whether or not a permit is required for your project. If it is, it’s likely to add between $50 and $150 to your total cost. Keep in mind that you will need permits if you plan to install new electrical wiring or plumbing lines behind your new drywall.

Drywall installation is considerably faster and more affordable than plastering. Because plastering involves applying a wet material, it’s more time-consuming, takes longer to dry, and is more prone to cracking. It doesn’t tend to be as insulative either. If you need resurfacing work done on the walls, it's not unusual for the cost of plastering to hit $10 per square foot, which is much higher than the drywall installation costs of $1.50 to $3 per square foot.

If you’re looking for good soundproofing and want a high-end look in a historic home, though, plastering may be the better option.

How you hang the drywall can affect the finishing process. It's often easier to finish horizontal drywall panels, as the seams run across the wall rather than up and down. Standard drywall panels are 48 inches wide, so the seam is easy to reach without bending down or stretching your arms.

The average life span for drywall is between 40 and 60 years, although panels can last significantly longer in many cases if it’s well-maintained. Of course, many things can reduce the life span of your drywall, including fire, smoke damage, water, moisture, and physical damage, like dents and holes. Thankfully, you’re likely to get around 50 years of value out of professionally-installed drywall, making the $2,000 you’ll spend on the job well worth it in the long run.