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Smaller is better when patching holes with spackle. Any holes wider than four to six inches in diameter tend to be too wide to repair with spackle alone. You'll likely want to patch bigger holes with a drywall panel. 

Even holes measuring up to 6 inches may be challenging to fill with spackle alone. For best results, purchase a wall repair patch made from wire mesh. Cut the patch to fit over the hole, then use the spackle to hold it in place. Apply the spackle over the patch as you would for a smaller hole.

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.

Venetian plaster is very easy to maintain. As long as your plaster is properly sealed, you can safely wipe it down with water and mild soap to remove any scuffs or stains. And if your plaster wall cracks or chips, you can often simply patch it rather than replastering the whole wall to restore its appearance.

Once dried, Venetian plaster becomes a rock-like substance that’s durable and excellent at resisting damage. If properly sealed to resist moisture and maintained, Venetian plaster should last for at least a decade but potentially as long as a lifetime. Thanks to its mineral content, it can also develop a patina.