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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.

Although they have similar applications, spackle and joint compound are not the same. Their primary differences lie in their composition, consistency, and ideal use cases.

Spackle is composed of gypsum and binding agents, making it thicker than joint compound. It dries quickly and is easy to sand, which makes it ideal for small wall repair projects like filling nail holes or patching minor damage.

Joint compound, also known as drywall mud, consists of limestone and gypsum. It is primarily used for large-scale projects, such as taping and finishing the seams on newly installed drywall. It tends to shrink more than spackle and can be more difficult to spread.

While both products can be used to fill small depressions and cracks, spackle cannot replace joint compound for taping and mudding new drywall. Conversely, you can often use joint compound for small patching jobs typically done with spackle.

In most cases, plaster repair will improve your home’s energy efficiency because a solid barrier of the insulative material helps keep conditioned air inside your home. Major plaster repair jobs like repairing large cracks or crumbling sections of plaster or applying a skim coat might make a noticeable difference in your heating and cooling bills. Not only can plaster repairs improve efficiency, but they can also reduce strain on your HVAC equipment, potentially saving you money on maintenance and repairs.

While it is possible to repair minor plaster cracks or holes yourself, it is generally not recommended for larger jobs or if you want a professional result. Plaster repair can be difficult in practice; proper wall preparation and achieving a smooth, seamless finish that blends with the existing wall requires experience, especially on textured surfaces. Hiring a professional ensures the repair will be durable and last longer, potentially saving you money over time. A pro can also determine if the cracks are from normal expansion or a more serious underlying issue.