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Although they have similar applications, spackle and joint compound are not the same. Their primary differences lie in their composition, consistency, and ideal use cases.

Spackle is composed of gypsum and binding agents, making it thicker than joint compound. It dries quickly and is easy to sand, which makes it ideal for small wall repair projects like filling nail holes or patching minor damage.

Joint compound, also known as drywall mud, consists of limestone and gypsum. It is primarily used for large-scale projects, such as taping and finishing the seams on newly installed drywall. It tends to shrink more than spackle and can be more difficult to spread.

While both products can be used to fill small depressions and cracks, spackle cannot replace joint compound for taping and mudding new drywall. Conversely, you can often use joint compound for small patching jobs typically done with spackle.

When used correctly, drywall patch kits can work well. However, there are limitations. Specifically, these kits can only cover holes up to 5 inches in diameter. For anything larger than that, you’ll need to cut out the affected section of drywall and replace it with a new piece. That’s a far more complicated process that involves buying the right type of drywall, finding the wall studs, cutting into your wall, and screwing the replacement drywall in place.

Yes, if there is mold in your drywall mud and you then use it to build walls in your house—or if mold develops in your set drywall, like it can in hot and humid areas—it can lead to illness. Mold in your drywall (or other parts of your home) can make existing respiratory conditions or allergies worse, and the effect can be more intense for those who have existing health issues or compromised immune systems.

Applying plaster to a wall will usually cost between $2 and $10 per square foot for both the material and labor. The cost will vary based on the quality of the plaster you’re using and whether or not prep work is required before the work begins. Wall prep can add up to about 10% to your total costs. Plastering exterior walls can be more expensive in many cases because they are taller and require scaffolding and safety equipment.