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Plaster repair costs range from $4 to $10 per square foot for refinishing, while skim coating can be less expensive, usually between $2 and $5 per square foot. The price you pay for plaster repairs will depend on the extent of the damage, the type of plaster you have on your walls, and the accessibility of the damage. Plaster repair on the exterior of your home tends to be more expensive, as there’s a higher chance that ladders or scaffolding will be necessary to carry out the repair.

Yes, you can use drywall repair techniques for some types of plaster damage. Tiny holes and small cracks in plaster can be patched in similar ways to drywall. You apply the necessary compound to fill the hole, wait for it to dry, then sand it down. For larger damage, like water damage or mold, you need to use plaster-specific techniques and materials.

The short answer is yes, a sagging plaster ceiling is dangerous. Sagging plaster on a wall is something you should fix immediately, but it isn’t a major concern. If the same type of sagging occurs on a ceiling, however, you could be in danger of your ceiling falling in large chunks. When plaster sags, it loses its strength and ability to hold itself up. The bonds that hold it together are strong, though, so if a sagging area falls, it will take large pieces down with it.

Repairing plaster walls or ceilings is almost always worthwhile. It restores the appearance of your home, and if it's an exterior wall, the repair can improve curb appeal and provide a great return on investment when selling. Plaster repairs can also reinforce the wall, preventing minor cracks from spreading, and improve your home’s energy efficiency by fixing gaps in the insulative material, potentially lowering your heating and cooling bills. Additionally, hiring a professional allows them to check if the damage is from a serious underlying issue, such as foundation instability. Catching a problem like this early could save you thousands.