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Plastering comes at a higher cost than installing drywall, but it also provides some pretty enticing benefits. First, plaster usually lasts longer than drywall, so long-term costs will usually be lower. Second, plaster is a highly insulative material, so it might help make your living area feel more comfortable and keep your heating and cooling costs lower, especially in the summer and winter. Finally, plastering is naturally textured, so it helps hide imperfections and often adds warmth to your home that drywall won’t.

You can skim coat plaster, but it’s better to repair the plaster itself. A skim coat is a thin coat of drywall joint compound spread over the surface of a wall. The result is a flat finish that looks pleasing, but part of the appeal of plaster is its imperfections and aesthetic. Skim coating is best when limited to drywall applications.

If the water damage is small, such as small patches, you can paint over the area. To prevent mold growth, roll on a coat of an antifungal primer beforehand painting. However, if the damage is more extensive, you may have mold, and the plaster will be compromised. You’ll have to replace the plasterboard.

Plaster ceilings can sag for several reasons. In some cases, the plaster and other building materials shift and come apart over time, which is why you’ll commonly find drooping plaster ceilings in older homes. Improper installation, foot traffic, and water damage—often from a leaky roof or a broken pipe—can also cause plaster ceilings to sag.