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In many cases, installing new drywall will boost your home value. Replacing old, damaged, cracked, or wavy drywall is a great way to improve the look and feel of your home, as new drywall installed by a professional shouldn’t have any imperfections. Additionally, removing old drywall means you’ll have open walls, so you can install new insulation and address exposed issues with plumbing and electrical systems running behind the walls. All of these fixes will also add to your home’s value.

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.

Whether to repair or replace water-damaged plaster depends on the scale of the damage. For small, limited areas, you can often perform a repair yourself. If you choose to paint over small patches, ensure the surface is completely dry and apply a coat of antifungal primer first to prevent mold growth. However, simply painting or plastering over the damage is only a temporary solution that doesn't address the core problem. For more extensive or long-term damage, the plaster may be compromised, and there is a risk of mold. In these cases, it is recommended to remove the damaged section of plasterboard and replace it. You may consider hiring a professional for the repair, and it's worth noting that water damage is often covered by home insurance.

Plaster walls typically last between 30 and 70 years, but depending on the quality of the materials and the moisture levels in the building, they can last for over 100 years. With expert application and consistent maintenance, plaster can even last for centuries. To extend its lifespan, it is important to have the plaster professionally installed, address any water damage promptly, and repair small cracks as they appear. Regular inspections by a professional can help identify and address concerning cracks before they become significant issues.