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The best tool for cutting a hole in drywall is a drywall saw. Its serrated blade and ergonomic design make it efficient for both straight cuts and more intricate shapes, ensuring clean and precise results in various drywall cutting applications.

If you already have plaster walls and ceilings, adding new plaster costs $2 to $10 per square foot. For an average-sized room, that would come out to $1,200 to $10,000. However, the cost to replace plaster with drywall is higher—running between $720 and $1,250 for a 10-by-8-foot wall or ceiling (not including drywall finishing).

There are six levels of drywall finish, from 0 to 5, that refer to the amount of work performed during the finishing process.

Level 0: Drywall is hung with no finishing work.

Level 1: Tape is placed over the seams between drywall sheets.

Level 2: A thin layer of mud is applied over the tape and screw holes. This level is common for utility rooms or walls that will be covered.

Level 3: A full coat of mud covers the screw holes and tape, but the surface is not sanded. This is often used in garages.

Level 4: This is the most common finish for visible interior walls. It involves applying two coats of mud over seams and screw holes, with sanding between each coat, creating a smooth surface ready for flat paint.

Level 5: This is a high-end finish for luxury homes. It includes full taping, mudding, and sanding, plus a final skim coat over the entire surface before painting.

A utility knife is sharp enough to score the drywall and it may work in a pinch for outlet box holes. However, one of the best tools for drywall when you need to make exact cuts for an outlet box quickly is a drywall saw. This handheld tool has a longer blade than a utility knife, so it penetrates the thickness of the drywall easily. The design of its handle and the teeth in its blade make it easier to control while cutting quicker than you can with a utility knife.