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Both plaster and drywall are durable wall finishes, but they differ significantly in installation, cost, performance, and aesthetics.

Installation & Cost: Drywall installation is faster and more affordable, typically costing $1.50 to $3 per square foot. It uses premade sheets, making it a more accessible DIY project. Plastering is a labor-intensive craft that requires specialized skills, pushing costs to $2 to $10 per square foot. It involves applying a wet paste over a lath framework.

Durability & Performance: Plaster is generally more durable, longer-lasting, and provides superior soundproofing. It is also a better insulator, which can help reduce energy costs. Drywall is easier to remove for future renovations.

Aesthetics: Drywall provides a smooth, uniform surface ready for paint or texture. Plaster offers a high-end, naturally textured look that can hide imperfections and is often preferred for achieving a classic or historic aesthetic.

Which is better? The choice depends on your priorities. Drywall is ideal for those prioritizing a lower upfront cost, faster installation, and DIY potential. Plaster is the better option for a higher-end project where durability, soundproofing, and a unique, premium finish are more important than the initial cost.

On average, drywall installation costs around $2,000, with a typical range of $400 to $6,000, including materials and labor. The final price depends on several factors. The most significant is the size of the area, as many contractors charge per square foot. Other cost factors include the complexity of the job (e.g., cutting around multiple windows and doors, corners, or curved walls), accessibility, location, the thickness of the drywall, the height of the room, and the desired level of finish. The level of finish can range from simply hanging the drywall to taping and mudding the seams and painting the walls.

The amount of drywall you need for a 1,000-square-foot basement depends on the ceiling height, angles, number of doors and windows, and more. To find the wall square footage, multiply the width and height of each wall, minus any gaps from windows or doors, and add the totals together. You’ll also need enough drywood nails or screws to install the drywall correctly.

Drying alone can take 1 to 4 hours to dry to the touch per plaster layer, but some types of plaster take several hours longer to dry. However, this doesn’t mean the job is done because plaster doesn’t fully harden until it cures, which can take a few days to a couple of weeks. It may take even longer if you’re building a new, pretty thick plaster wall. Allow the plaster to cure before painting it.